Company registration number 05603926 (England and Wales)
MELITA CARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MELITA CARE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
MELITA CARE LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
923,526
944,709
Current assets
Stocks
550
550
Debtors
5
233,116
115,223
Cash at bank and in hand
229,303
157,368
462,969
273,141
Creditors: amounts falling due within one year
6
(151,970)
(114,295)
Net current assets
310,999
158,846
Total assets less current liabilities
1,234,525
1,103,555
Creditors: amounts falling due after more than one year
7
(186,323)
(203,197)
Provisions for liabilities
8
(68,423)
(67,576)
Government grants
(4,551)
(5,689)
Net assets
975,228
827,093
Capital and reserves
Called up share capital
100
100
Revaluation reserve
9
403,082
413,028
Profit and loss reserves
572,046
413,965
Total equity
975,228
827,093
MELITA CARE LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 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 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 Companies Act 2006 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.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 7 August 2025 and are signed on its behalf by:
Mr G F Underwood
Miss S L Street
Director
Director
Company registration number 05603926 (England and Wales)
MELITA CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Melita Care Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Simpkins Edwards LLP, The Summit, Woodwater Park, Pynes Hill, Exeter, EX2 5WS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% per annum on cost
Plant and equipment
20% reducing balance basis
Fixtures and fittings
10% reducing balance basis
Motor vehicles
20% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
MELITA CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
41
41
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
382,500
Amortisation and impairment
At 1 April 2024 and 31 March 2025
382,500
Carrying amount
At 31 March 2025
At 31 March 2024
MELITA CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 April 2024
1,075,000
162,609
1,237,609
Additions
7,453
7,453
At 31 March 2025
1,075,000
170,062
1,245,062
Depreciation and impairment
At 1 April 2024
172,000
120,900
292,900
Depreciation charged in the year
21,500
7,136
28,636
At 31 March 2025
193,500
128,036
321,536
Carrying amount
At 31 March 2025
881,500
42,026
923,526
At 31 March 2024
903,000
41,709
944,709
The directors reviewed the market value of the remaining property as at the balance sheet date and are satisfied that the value shown is a fair value for the property.
If the property was measured using the cost model, the carrying amounts would be as follows:
2025
2024
£
£
Cost
577,687
577,687
Accumulated depreciation
(109,858)
(98,304)
Carrying value
467,829
479,383
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
48,187
43,877
Other debtors
184,929
71,346
233,116
115,223
MELITA CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
19,384
21,679
Trade creditors
51,751
26,654
Taxation and social security
71,942
54,041
Other creditors
8,893
11,921
151,970
114,295
The bank loan is secured upon the trade and assets of the company.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
186,323
203,197
The bank loan is secured upon the trade and assets of the company.
8
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
4,030
3,183
Revaluations
64,393
64,393
68,423
67,576
2025
Movements in the year:
£
Liability at 1 April 2024
67,576
Charge to profit or loss
847
Liability at 31 March 2025
68,423
The revaluations element of the deferred tax liability set out above represents the potential capital gains tax due should the company sell the freehold land and buildings.
MELITA CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Revaluation reserve
2025
2024
£
£
At the beginning of the year
413,028
422,974
Transfer to retained earnings
(9,946)
(9,946)
At the end of the year
403,082
413,028
The transfer represents the excess depreciation on revaluation.
10
Operating lease commitments
As lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
Total commitments
112,400
135,972
11
Parent company
On 6 June 2024, Melita Holdings Limited acquired the remaining 51% of the company shares, taking its shareholding to 100%. Melita Care Limited is now a 100% subsidiary of Melita Holdings Limited.
Melita Holdings Limited is a company registered in England and Wales. The company registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, EX2 5WS.