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REGISTERED NUMBER: 01257032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

D J MELSOME LIMITED

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D J MELSOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S J Melsome
J S Rycroft





REGISTERED OFFICE: Lower Througham Farm
Througham
Bisley
Stroud
Gloucestershire
GL6 7HQ





REGISTERED NUMBER: 01257032 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,406 3,007
Investments 5 678,059 576,246
Investment property 6 3,155,000 3,155,000
3,835,465 3,734,253

CURRENT ASSETS
Debtors 7 482,095 479,207
Cash at bank and in hand 2,554,453 2,392,373
3,036,548 2,871,580
CREDITORS
Amounts falling due within one year 8 140,929 123,181
NET CURRENT ASSETS 2,895,619 2,748,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,731,084

6,482,652

PROVISIONS FOR LIABILITIES 296,101 284,309
NET ASSETS 6,434,983 6,198,343

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 6,430,983 6,194,343
SHAREHOLDERS' FUNDS 6,434,983 6,198,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:




S J Melsome - Director



J S Rycroft - Director


D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

D J Melsome 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents property rental income receivable and is allocated to the relevant accounting period covered by the rental agreement or invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

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.

In accordance with FRS102 Section 1A, the investment property is not depreciated but shown at open market value. This is a departure from the Companies Act 2006 but is necessary to give a true and fair view.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at market value, including any accrued interest at the year end. Unrealised and realised gains and losses are shown in the capital account.

Pension costs
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.

Going concern
The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the directors.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provision are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 10,800
DEPRECIATION
At 1 November 2023 7,793
Charge for year 601
At 31 October 2024 8,394
NET BOOK VALUE
At 31 October 2024 2,406
At 31 October 2023 3,007

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 576,246
Additions 57,125
Disposals (44,669 )
Revaluations 89,357
At 31 October 2024 678,059
NET BOOK VALUE
At 31 October 2024 678,059
At 31 October 2023 576,246

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2017 49,196
Valuation in 2018 (11,110 )
Valuation in 2019 35,040
Valuation in 2020 (42,663 )
Valuation in 2021 132,020
Valuation in 2022 (104,175 )
Valuation in 2023 (16,589 )
Valuation in 2024 101,813
Cost 534,527
678,059

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 3,155,000
NET BOOK VALUE
At 31 October 2024 3,155,000
At 31 October 2023 3,155,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2007 3,593,894
Valuation in 2011 (2,272,244 )
Valuation in 2021 1,096,597
Valuation in 2022 20,000
Cost 716,753
3,155,000

D J MELSOME LIMITED (REGISTERED NUMBER: 01257032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 716,753 716,753

Investment property was valued on an open market basis on 31 October 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 163,108 161,669
Other debtors 307,104 307,104
Prepayments and accrued income 11,883 10,434
482,095 479,207

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,276 398
Corporation tax 46,445 54,870
Directors' loan accounts 2,001 2,001
Accruals and deferred income 88,207 65,912
140,929 123,181

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S J Melsome
Balance outstanding at start of year - 1,434
Amounts repaid - (1,434 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J S Rycroft
Balance outstanding at start of year (2,001 ) (2,006 )
Amounts advanced - 5
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,001 ) (2,001 )

No interest was charged on the above loans.There were no set repayment terms.