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Company registration number: 1942839
Mellandene Limited
Unaudited filleted financial statements
31 March 2025
Mellandene Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Mellandene Limited
Directors and other information
Directors Ms Carol Murrey
Miss Cassandra Page
Secretary Carol Murrey
Company number 1942839
Registered office Cassandra House
19 Dunswell Road
Cottingham
East Yorkshire
HU16 4JA
Mellandene Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1,350,000 1,350,208
Investments 6 100 100
_______ _______
1,350,100 1,350,308
Current assets
Stocks 1,200 1,200
Debtors 7 349,123 401,231
Cash at bank and in hand 240,399 228,677
_______ _______
590,722 631,108
Creditors: amounts falling due
within one year 8 ( 236,975) ( 453,787)
_______ _______
Net current assets 353,747 177,321
_______ _______
Total assets less current liabilities 1,703,847 1,527,629
Creditors: amounts falling due
after more than one year 9 ( 144,682) ( 21,643)
Provisions for liabilities - ( 52)
_______ _______
Net assets 1,559,165 1,505,934
_______ _______
Capital and reserves
Called up share capital 346 346
Revaluation reserve 578,745 578,745
Profit and loss account 980,074 926,843
_______ _______
Shareholders funds 1,559,165 1,505,934
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
Ms Carol Murrey
Director
Company registration number: 1942839
Mellandene Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 April 2023 346 578,745 1,005,905 1,584,996
Profit for the year 69,718 69,718
_______ _______ _______ _______
Total comprehensive income for the year - - 69,718 69,718
Dividends paid and payable ( 148,780) ( 148,780)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 148,780) ( 148,780)
_______ _______ _______ _______
At 31 March 2024 and 1 April 2024 346 578,745 926,843 1,505,934
Profit for the year 53,231 53,231
_______ _______ _______ _______
Total comprehensive income for the year - - 53,231 53,231
_______ _______ _______ _______
At 31 March 2025 346 578,745 980,074 1,559,165
_______ _______ _______ _______
Mellandene Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Mellandene Limited, Cassandra House, 19 Dunswell Road, Cottingham, East Yorkshire, HU16 4JA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is recognised for residential home fees as they fall due and Covid related grants on the accruals basis.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax the company expects to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 47 (2024: 47 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 1,350,000 116,451 1,466,451
_______ _______ _______
Depreciation
At 1 April 2024 - 116,243 116,243
Charge for the year - 208 208
_______ _______ _______
At 31 March 2025 - 116,451 116,451
_______ _______ _______
Carrying amount
At 31 March 2025 1,350,000 - 1,350,000
_______ _______ _______
At 31 March 2024 1,350,000 208 1,350,208
_______ _______ _______
Tangible assets held at valuation
Cassandra House, the freehold property was valued by Christie & Co on 21 September 2022 at £1,350,000. This value has been reflected in the accounts.
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2024 and 31 March 2025 100 100
_______ _______
Impairment
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 100 100
_______ _______
At 31 March 2024 100 100
_______ _______
7. Debtors
2025 2024
£ £
Trade debtors 46,805 50,826
Amounts owed by group undertakings and undertakings in which the company has a participating interest 257,791 258,091
Other debtors 44,527 92,314
_______ _______
349,123 401,231
_______ _______
8. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 59,904 239,400
Trade creditors 15,902 21,373
Corporation tax 26,273 22,675
Social security and other taxes 16,533 14,171
Other creditors 118,363 156,168
_______ _______
236,975 453,787
_______ _______
9. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 144,682 21,643
_______ _______
10. Directors advances, credits and guarantees
Directors were advanced £50,263 in the year (2024 £89,010), amounts repaid totalled £98,050 (2024 £53,070) and the balance at the year end was £39,627 (2024 £87,414). Monthly interest was charged by the company on the overdrawn balance at the official beneficial loan rates. There have been no further directors advances, credits and guarantees.