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REGISTERED NUMBER: 04062212 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Meldon Estates Limited

Meldon Estates Limited (Registered number: 04062212)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meldon Estates Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P M Tanner





REGISTERED OFFICE: 33 Redesdale Avenue
Winlaton
Tyne and Wear
NE21 6HS





REGISTERED NUMBER: 04062212 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Meldon Estates Limited (Registered number: 04062212)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,404 506
Investment property 5 839,625 839,625
841,029 840,131

CURRENT ASSETS
Cash at bank and in hand 352,807 437,882

CREDITORS
Amounts falling due within one year 6 18,290 13,579
NET CURRENT ASSETS 334,517 424,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,546

1,264,434

CREDITORS
Amounts falling due after more than one
year

7

(513,500

)

(513,500

)

PROVISIONS FOR LIABILITIES (267 ) (96 )
NET ASSETS 661,779 750,838

Meldon Estates Limited (Registered number: 04062212)

Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 661,775 750,834
SHAREHOLDERS' FUNDS 661,779 750,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





P M Tanner - Director


Meldon Estates Limited (Registered number: 04062212)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Meldon Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost per annum

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss.

Where fair value cannot be achieved without undue cost or effort. investment property is accounted for as tangible fixed assets.

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.


Meldon Estates Limited (Registered number: 04062212)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 759
Additions 1,312
At 30 September 2024 2,071
DEPRECIATION
At 1 October 2023 253
Charge for year 414
At 30 September 2024 667
NET BOOK VALUE
At 30 September 2024 1,404
At 30 September 2023 506

Meldon Estates Limited (Registered number: 04062212)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 839,625
NET BOOK VALUE
At 30 September 2024 839,625
At 30 September 2023 839,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 5,048
Other creditors 18,290 8,531
18,290 13,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Included in creditors falling due after more than one year are bank loans of £513,500 (2023: £513,500) that are secured by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3
1 Ordinary A £1 1 1
4 4