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REGISTERED NUMBER: 01024659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

MELTON BROOK PROPERTIES LIMITED

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELTON BROOK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: A M R Sochovsky
R B L Sochovsky
Mrs J L Sochovsky
J G Sochovsky



SECRETARY: R B L Sochovsky



REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD



REGISTERED NUMBER: 01024659 (England and Wales)



ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD



BANKERS: The Royal Bank of Scotland plc
Drummond House
1 Redheughs Avenue
Edinburgh
EH12 9JN

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,351,393 10,551,638

CURRENT ASSETS
Debtors 5 158,659 188,367
Cash at bank 685,719 257,494
844,378 445,861
CREDITORS
Amounts falling due within one year 6 460,386 502,266
NET CURRENT ASSETS/(LIABILITIES) 383,992 (56,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,735,385

10,495,233

CREDITORS
Amounts falling due after more than one
year

7

-

(568,801

)

PROVISIONS FOR LIABILITIES 9 (2,089,555 ) (2,188,754 )
NET ASSETS 7,645,830 7,737,678

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 10 3,575,299 4,065,109
Retained earnings 4,070,031 3,672,069
SHAREHOLDERS' FUNDS 7,645,830 7,737,678

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

BALANCE SHEET - continued
30TH NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th August 2025 and were signed on its behalf by:





R B L Sochovsky - Director


MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Melton Brook Properties 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rents and service charges invoiced by the company, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures and fittings - 25% on cost and 10% on cost

Tangible fixed assets, with the exception of investment properties, are stated at cost less depreciation.

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.

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.

Investment properties
Investment properties are included in the accounts at their fair value. Changes in fair value are recognised in the profit and loss account. Fair value is estimated by using a valuation technique.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Investment and
properties Equipment fittings Totals
£    £    £    £   
COST OR VALUATION
At 1st December 2023 10,550,000 4,690 45,097 10,599,787
Disposals (1,200,000 ) - (45,097 ) (1,245,097 )
At 30th November 2024 9,350,000 4,690 - 9,354,690
DEPRECIATION
At 1st December 2023 - 3,052 45,097 48,149
Charge for year - 245 - 245
Eliminated on disposal - - (45,097 ) (45,097 )
At 30th November 2024 - 3,297 - 3,297
NET BOOK VALUE
At 30th November 2024 9,350,000 1,393 - 9,351,393
At 30th November 2023 10,550,000 1,638 - 10,551,638

Cost or valuation at 30th November 2024 is represented by:

Investment
properties Equipment Totals
£    £    £   
Valuation in 2024 9,350,000 - 9,350,000
Cost - 4,690 4,690
9,350,000 4,690 9,354,690

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

2024 2023
£    £   
Cost 3,685,200 4,317,533

The company owns an investment property which was valued in November 2018 by Lambert Smith Hampton, Chartered Surveyors, and in their opinion the market value of the property for balance sheet purposes was £9,350,000. In the opinion of the directors, £9,350,000 fairly represents the market value of the property at 30th November 2024.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 938 750
Other debtors - 1,715
Directors' loan accounts 9,833 -
Prepayments and accrued income 8,111 38,108
18,882 40,573

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Prepayments and accrued income 139,777 147,794

Aggregate amounts 158,659 188,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 37,086
Trade creditors 458 26,658
Corporation tax 149,511 96,896
Other creditors 256,073 277,165
Directors' loan accounts 461 1,181
Accruals and deferred income 53,883 63,280
460,386 502,266

Other creditors and cash at bank include £256,044 (2023: £252,383) held in accordance with a rent deposit deed.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 42,066
Bank loans - 2-5 years - 526,735
- 568,801

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 605,887

Interest is charged on the bank loan at 3% above The Royal Bank of Scotland plc's base rate.

The bank loan is secured by a first legal charge over some of the investment properties and a debenture over the property and assets of the company dated 10th August 1998.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Investment properties 2,094,804 2,167,457
Accelerated capital allowances (5,249 ) 21,297
2,089,555 2,188,754

MELTON BROOK PROPERTIES LIMITED (REGISTERED NUMBER: 01024659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2023 2,188,754
Credit to Income Statement during year (21,342 )
Release from fair value
reserve during the year (77,857 )
Balance at 30th November 2024 2,089,555

10. RESERVES
Fair
value
reserve
£   
At 1st December 2023 4,065,109
Realisation of revaluation
surplus on sale of freehold
investment properties (567,667 )
Deferred tax movement on
revaluation of investment
properties 77,857

At 30th November 2024 3,575,299

The fair value reserve represents the investment properties revaluation reserve less the associated deferred tax provision relating to revalued investment properties.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2024 and 30th November 2023:

2024 2023
£    £   
R B L Sochovsky and Mrs J L Sochovsky
Balance outstanding at start of year - 362
Amounts advanced 1,923 -
Amounts repaid - (362 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,923 -

J G Sochovsky
Balance outstanding at start of year - -
Amounts advanced 7,910 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,910 -