Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312024-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14411458 2024-04-01 2025-03-31 14411458 2022-10-11 2024-03-31 14411458 2025-03-31 14411458 2024-03-31 14411458 c:Director1 2024-04-01 2025-03-31 14411458 c:Director2 2024-04-01 2025-03-31 14411458 c:RegisteredOffice 2024-04-01 2025-03-31 14411458 c:Agent1 2024-04-01 2025-03-31 14411458 d:FreeholdInvestmentProperty 2025-03-31 14411458 d:FreeholdInvestmentProperty 2024-03-31 14411458 d:CurrentFinancialInstruments 2025-03-31 14411458 d:CurrentFinancialInstruments 2024-03-31 14411458 d:Non-currentFinancialInstruments 2025-03-31 14411458 d:Non-currentFinancialInstruments 2024-03-31 14411458 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14411458 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14411458 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 14411458 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14411458 d:ShareCapital 2025-03-31 14411458 d:ShareCapital 2024-03-31 14411458 d:RetainedEarningsAccumulatedLosses 2025-03-31 14411458 d:RetainedEarningsAccumulatedLosses 2024-03-31 14411458 c:FRS102 2024-04-01 2025-03-31 14411458 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14411458 c:FullAccounts 2024-04-01 2025-03-31 14411458 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14411458 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 14411458









MELENA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
MELENA LTD
 
 
COMPANY INFORMATION


Directors
Mahesh Singadia 
Amarjit Singh Sahib 




Registered number
14411458



Registered office
Culzean
Frimley Hall Drive

Camberley

Surrey

GU15 2BE




Accountants
Ashon - Chartered Accountants

Tudor Cottage

Overstream

Loudwater

Rickmansworth

Hertfordshire

WD3 4LD




Bankers
Metro Bank PLC
One Southampton Row

London

WC1B 5HA





 
MELENA LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MELENA LTD
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MELENA LTD for the year ended 31 March 2025 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of MELENA LTD, as a body, in accordance with the terms of our engagement letter dated 11 October 2022Our work has been undertaken solely to prepare for your approval the financial statements of MELENA LTD and state those matters that we have agreed to state to the Board of Directors of MELENA LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MELENA LTD and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that MELENA LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MELENA LTD. You consider that MELENA LTD is exempt from the statutory audit requirement for the year.

  




Ashon - Chartered Accountants
Tudor Cottage
Overstream
Loudwater
Rickmansworth
Hertfordshire
WD3 4LD
25 April 2025
Page 1

 
MELENA LTD
REGISTERED NUMBER: 14411458

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
  
1,933,573
1,933,573

  
1,933,573
1,933,573

Current assets
  

Debtors: amounts falling due within one year
 5 
50,935
108,624

Cash at bank and in hand
 6 
206,577
89,438

  
257,512
198,062

Creditors: amounts falling due within one year
 7 
(229,363)
(277,743)

Net current assets/(liabilities)
  
 
 
28,149
 
 
(79,681)

Total assets less current liabilities
  
1,961,722
1,853,892

Creditors: amounts falling due after more than one year
 8 
(1,746,990)
(1,746,990)

  

Net assets
  
214,732
106,902


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
213,732
105,902

  
214,732
106,902


Page 2

 
MELENA LTD
REGISTERED NUMBER: 14411458
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 April 2025.





___________________________
Mahesh Singadia
___________________________
Amarjit Singh Sahib
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
MELENA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The company is a private company limited by share capital, incorporated in England & Wales. The company number and registered office address are:
   Company number:              04073573
   Registered office address:     Culzean
                                           Frimley Hall Drive
                                           Camberley
                                           Surrey
                                           England
                                           GU15 2BE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
MELENA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

 
MELENA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
1,933,573



At 31 March 2025
1,933,573


Comprising


Cost
1,933,573

At 31 March 2025
1,933,573







2025
2024
£
£


Historic cost
1,933,573
1,933,573

1,933,573
1,933,573


5.


Debtors

2025
2024
£
£


Trade debtors
5,778
40,948

Amounts recoverable: Deficit on Service charge account
45,157
67,676

50,935
108,624


Page 6

 
MELENA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
206,577
89,438

206,577
89,438



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Rent receivable in advance
26,958
34,123

Trade creditors
13,700
-

Corporation tax
35,942
29,728

Other taxation and social security
4,771
6,534

Directors' loan accounts
145,083
205,083

Accruals and deferred income
2,909
2,275

229,363
277,743



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Loan from shareholder 1 - Mr M Singadia
1,008,000
1,008,000

Loan from shareholder 2 - Sahibs SSAS Pension
432,000
432,000

Loan from associated company (Ashley)
306,990
306,990

1,746,990
1,746,990


Page 7

 
MELENA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Related party transactions

The company owes the directors, Mr M Singadia £145,081 (2024:£145,081) and Mr A S Sahib £2 (2024:£60,002) at the balance sheet date. This is included under current liabilities.
The directors, Mr M Singadia and Mr A S Sahib are also directors of Ashley Housing Limited ("AHL"). At the balance sheet date, the company owes £306,990 (2024:£306,990) to "AHL". This is included under current liabilities.
Mr M Singadia and Sahibs SSAS Pension Fund are the shareholders of the company. Included under creditors for amounts falling due after more than one year is unsecured and interst free loans of £1,440,000 (2024: £1,440,000) from the two shareholders. Mr M Sangadia is owed £1,008,000 (2024: £1,008,000) and Sahibs SSAS Pension Fund is owed £432,000 (2024: £432,000).

 
Page 8