Company Registration No. 07638148 (England and Wales)
MELK LIMITED
Unaudited accounts
for the year ended 31 March 2025
MELK LIMITED
Unaudited accounts
Contents
MELK LIMITED
Company Information
for the year ended 31 March 2025
Directors
MRS S TAGHIZADEH
Mr S TAGHIZADEH
Company Number
07638148 (England and Wales)
Registered Office
1045 Wimborne Road
Bournemouth
BH9 2BX
England
MELK LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
36,016
39,133
Investment property
2,647,398
2,647,398
Inventories
40,000
239,117
Cash at bank and in hand
569,356
327,389
Creditors: amounts falling due within one year
(534,183)
(316,071)
Net current assets
196,757
292,693
Total assets less current liabilities
2,880,171
2,979,224
Creditors: amounts falling due after more than one year
(1,208,973)
(1,570,991)
Provisions for liabilities
Deferred tax
(196,492)
(196,492)
Net assets
1,474,706
1,211,741
Called up share capital
100
100
Profit and loss account
1,474,606
1,211,641
Shareholders' funds
1,474,706
1,211,741
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
Mr S TAGHIZADEH
Director
Company Registration No. 07638148
MELK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
MELK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07638148. The registered office is 1045 Wimborne Road, Bournemouth, BH9 2BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
MELK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
36,016
36,948
72,964
Disposals
-
(36,948)
(36,948)
At 31 March 2025
36,016
-
36,016
At 1 April 2024
-
33,831
33,831
On disposals
-
(33,831)
(33,831)
At 31 March 2025
36,016
-
36,016
At 31 March 2024
36,016
3,117
39,133
Fair value at 1 April 2024
2,647,398
At 31 March 2025
2,647,398
The properties were valued by Symonds and Sampsons LLP (RICS) on 05 July 2022 and confirmed by the director on 31 March 2025. If investment properties had not been revalued, they would have been included at the cost of £1,149,928.
6
Investments
Subsidiary undertakings
Valuation at 1 April 2024
-
Valuation at 31 March 2025
-
Amounts falling due within one year
Accrued income and prepayments
1,048
1,289
Other debtors
120,536
40,969
MELK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
23,011
127,433
Taxes and social security
2,536
21,912
Other creditors
1,350
243,078
Loans from directors
501,500
(82,660)
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,149,816
1,162,376
Amounts owed to group undertakings and other participating interests
59,157
408,615
Bank loans are secured by fixed and floating charge over the undertakings and assets and in addition, are secured against the properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
82,660
-
82,660
-
12
Transactions with related parties
At the end of the year the company was owed £120,536 by the related party.
The company also received £83,856 of the management fees and £212,487 of dividends from the related parties. All transactions were concluded at market rate.
13
Average number of employees
During the year the average number of employees was 2 (2024: 2).