REGISTERED NUMBER: |
Melsky Properties Limited |
Financial Statements For The Year Ended 31 July 2024 |
REGISTERED NUMBER: |
Melsky Properties Limited |
Financial Statements For The Year Ended 31 July 2024 |
Melsky Properties Limited (Registered number: SC667200) |
Contents of the Financial Statements |
For The Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Melsky Properties Limited |
Company Information |
For The Year Ended 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 North Guildry Street |
Elgin |
Moray |
IV30 1JR |
BANKERS: |
600 Gorgie Road |
Edinburgh |
EH11 3XP |
Melsky Properties Limited (Registered number: SC667200) |
Balance Sheet |
31 July 2024 |
31.7.24 | 31.7.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Melsky Properties Limited (Registered number: SC667200) |
Balance Sheet - continued |
31 July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Melsky Properties Limited (Registered number: SC667200) |
Notes to the Financial Statements |
For The Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Melsky Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The balance sheet shows that liabilities exceed assets by £49,428 including a liability to the directors of £66,491. The directors of the company have confirmed that they will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Melsky Properties Limited (Registered number: SC667200) |
Notes to the Financial Statements - continued |
For The Year Ended 31 July 2024 |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
Additions |
At 31 July 2024 |
DEPRECIATION |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
Equipment - 25% on reducing balance. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Directors' current accounts | 66,491 | 65,081 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Other loans - over 5 years |
Other creditors |
Melsky Properties Limited (Registered number: SC667200) |
Notes to the Financial Statements - continued |
For The Year Ended 31 July 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
Other payables include amounts due of £137,075 which is secured by standard securities and a floating charge over the investment property. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.24 | 31.7.23 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 July 2024 | ( |
) |
11. | RELATED PARTY DISCLOSURES |
As at 31 July 2023 the company owed the directors £65,081. During the year the directors met expenses on behalf of the company totalling £1,410. As at 31 July 2024 the company owed the directors £66,491. This loan is interest free and has no fixed terms of repayment. |
As at 31 July 2023 the company owed Richard Thompson and Sons (Plumbing and Heating) Ltd a company under common control £20,000. During the year Richard Thompson and Sons (Plumbing and Heating) Ltd met expenses on behalf of the company totalling £23,919. As at 31 July 2024 the company owed Richard Thompson and Sons (Plumbing and Heating) Ltd £43,919. This loan is interest free and has no fixed terms of repayment. |