Melwood 2 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06771449

MELWOOD 2 LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

MELWOOD 2 LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Page

Balance sheet 1

Notes to the financial statements 2

MELWOOD 2 LIMITED

BALANCE SHEET

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	5,810	11,655
Investments	6	100	100
		------------	------------
		5,910	11,755

Current assets

Debtors	7	357	118
Cash at bank and in hand		11,491	12,881
		------------	------------
		11,848	12,999

Creditors: amounts falling due within one year	8	( 162,144)	( 153,612)
		------------	------------
Net current liabilities		( 150,296)	( 140,613)
		------------	------------
Total assets less current liabilities		( 144,386)	( 128,858)
		------------	------------
Net liabilities		( 144,386)	( 128,858)
		------------	------------

Capital and reserves

Called up share capital	9	100	2
Profit and loss account		( 144,486)	( 128,860)
		------------	------------
Shareholders deficit		( 144,386)	( 128,858)
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

A Dobson R I Taylor

Director Director

Company registration number: 06771449

MELWOOD 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Primrose Lane, Highburton, Huddersfield, HD8 0QY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Going concern

The financial statements have been prepared on the going concern concept which is reliant upon the continued financial support of the company's directors.

4. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	64,081	64,081
	------------	------------
Depreciation
At 1 January 2024	52,426	52,426
Charge for the year	5,845	5,845
	------------	------------
At 31 December 2024	58,271	58,271
	------------	------------
Carrying amount
At 31 December 2024	5,810	5,810
	------------	------------
At 31 December 2023	11,655	11,655
	------------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	100
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	100
	------------
At 31 December 2023	100
	------------

The shares in group undertakings represents a 100% holding in the ordinary share capital of Melwood Lettings Limited. Its registered office address is 23 Primrose Lane, Kirkburton, Huddersfield HD8 0QY. The aggregate capital and reserves of the company at 31 December 2024 amounted to £1,846,691 (2023: £800,940) and the profit for the year ended 31 December 2024 amounted to £1,045,751 (2023: £536,643).

7. Debtors

	2024	2023
	£	£
Prepayments and accrued income	127	118
Other debtors	230	–
	------------	------------
	357	118
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	1,600	1,600
Social security and other taxes	880	1,526
Other creditors (note 10)	159,664	150,486
	------------	------------
	162,144	153,612
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.01 (2023 - £ 1) each	10,000	100	2	2
	------------	------------	------------	------------

On 28 October 2024 98 ordinary shares of £1 each, with an aggregate nominal value of £100, were issued fully paid for cash of £98. On 28 October 2024 100 ordinary shares of £1 each, with an aggregate nominal value of £100, were sub-divided into 10,000 ordinary shares of 1p each.

10. Related party transactions

Transactions with directors A Dobson is a director of Melwood Limited and controls that company. Included in other creditors is a loan due to Melwood Limited in the amount of £159,664 (2023: £150,486). Control of the company The company is controlled by A Dobson .