| Registered Number:07549964 |
For the period ended 28 October 2024
England and Wales
Unaudited Financial Statements
For the period ended 28 October 2024
Mel (Holdings) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mel (Holdings) Limited
Statement of Financial Position
2023
2024
100
100
3
100
100
| Trade and other receivables |
1,353,769
817,066
4
6,255
| Cash and cash equivalents |
2,411
819,477
1,360,024
| Trade and other payables: amounts falling due within one |
| year |
(745,994)
(273,513)
5
614,030
545,964
Net current assets
| Total assets less current liabilities |
546,064
614,130
546,064
Net assets
614,130
350,000
350,000
46,064
114,130
150,000
150,000
546,064
614,130
Shareholders' funds
| For the period ended 28 October 2024 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 period ended 28 October 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Andrew Iain Boyle Director |
| These financial statements were approved and authorised for issue by the Board on 11 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the period ended 28 October 2024
Mel (Holdings) Limited
Notes to the Financial Statements
Statutory Information
| Mel (Holdings) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07549964. |
80 Station Parade
Harrogate
North Yorkshire
HG1 1HQ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
| These financial statements have been prepared for the period from 1st November 2023 to 28th October 2024, a |
| period shorter than one year. The directors took this decision due to the change of ownership of the company on |
| 29th October 2024. As a result, the comparative amounts presented in the financial statements are not entirely |
| comparable. |
| The company has taken advantage of the exemption not to prepare consolidated accounts as the company, and the |
| group headed by it, qualifies as small under section 383 of the Companies Act. The financial statements present |
| information about the company as an individual entity and not about its group. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Assets Under Construction
Plant and Machinery
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the period ended 28 October 2024
Mel (Holdings) Limited
Notes to the Financial Statements Continued
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
100
100
100
100
100
100
100
100
All of the above represent investments in subsidiaries and these have been measured at cost less impairment.
| 4. Trade and other receivables |
2023
2024
817,066
1,353,769
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
-
14,455
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
114,819
653,676
| Taxation and social security |
156,249
77,863
2,445
-
273,513
745,994
Amounts owed to group undertakings are interest free and repayable on demand.
| 6. Related party transactions |
| As at 28 October 2024, MEL Environmental Solutions Limited (Subsidiary) was owed £114,819 (year ended 31 |
| October 2023 - £653,676). This balance arose in relation to a management charges. |
| As at 28 October 2024, Screen4 (Yorkshire) Limited (a company with common directors of the company) was owed |
| £0 (year ended 31 October 2023 - £400,531). This balance was in relation to a normal course of trade and |
| management charges plus loan advances in the period of £85,000. Amounts written off are disclosed in note 2. |
| During the period, a debt owed by T and G Property Limited, a company under the joint control of Mr P Theile and Mr |
| D Grouse, was forgiven as a result of direction from equity holders. This resulted in a capital distribution of £30,000 |
| shown as a movement on the profit and loss reserve as shown in the Statement of Changes in Equity. |
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For the period ended 28 October 2024
Mel (Holdings) Limited
Notes to the Financial Statements Continued
| 7. Directors advances and guarantees |
Loaned
Repaid
Mr David Allen Grouse
Loan
340,856
251,630
99,226
10,000
340,856
251,630
99,226
10,000
Mr Paul Theile
Loan
294,911
282,797
22,542
10,428
294,911
282,797
22,542
10,428
Amounts owed by directors are interest free and repayable on demand.
| 8. Guarantees and other financial commitments |
| At 28 October 2024 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2023
2024
| Operating leases which expire: |
-
12,893
9,498
-
-
22,391
The above represent the total commitments analysed by the time period in which the leases are due to expire.
| On 29th October 2024, Adler & Allan Limited acquired MEL (Holdings) Limited along with the remaining minority shareholding in MEL Environmental Solutions Limited (subsidiary company). |
| 10. Average number of persons employed |
During the period the average number of employees was 3 (2023 : 3)
| 11. Parent-subsidiary relationship |
| From 29th October 2024, the immediate parent undertaking is Adler and Allan Limited, a company incorporated in England and Wales, whose registered office address is 80 Station Parade, Harrogate, HG1 1HQ. In the opinion of the directors, from 29th October 2024, the ultimate parent company is Cheshire Topco Ltd, a company incorporated in Jersey, which is ultimately controlled by its directors and their financial co-investor Goldman Sachs Alternatives. |
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