Melton Court Parking Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03135548 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MELTON COURT PARKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

A C Gringarten

F J Cass

REGISTERED OFFICE:

40 Welbeck Street

London

W1G 8LN

REGISTERED NUMBER:

03135548 (England and Wales)

ACCOUNTANTS:

Price Jones Partnership Ltd

Alders Farm, Ivy Lane

Great Brickhill

MK17 9AH

FIXED ASSETS

Tangible assets

4

200,000

CURRENT ASSETS

Debtors

5

-

1,773

Cash at bank

128,231

117,468

128,231

119,241

CREDITORS

Amounts falling due within one year

6

34,943

35,776

NET CURRENT ASSETS

93,288

83,465

TOTAL ASSETS LESS CURRENT
LIABILITIES

293,288

283,465

PROVISIONS FOR LIABILITIES

40,395

NET ASSETS

252,893

243,070

CAPITAL AND RESERVES

Called up share capital

7

55

Fair value reserve

8

149,999

Retained earnings

102,839

93,016

SHAREHOLDERS' FUNDS

252,893

243,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 22 September 2025 and were signed on its behalf by:

F J Cass - Director

1.	STATUTORY INFORMATION

Melton Court Parking 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.

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.

Significant judgements and estimates

In applying the company's accounting policies, the judgement that management has made that has the most significant effect on the financial statements is the fair value of the Head Licence that was granted to the Company by the Wellcome Trust in 1996 in respect of 27 car parking spaces. This is included in Tangible Assets, as a Long Leasehold Property. The terms of the Head Licence prevent an open market sale and require that any transfer of the licence is restricted to another company owned by the tenants of the property Melton Court. The Head Licence was last independently valued by Knight Frank LLP, chartered surveyors as at 31st December 2019. It has been valued by the directors as at 31st December 2024, adopting the same fair value methodology as that used by the independent valuers.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

200,000

NET BOOK VALUE

At 31 December 2024

200,000

At 31 December 2023

200,000

The company's sole tangible fixed asset is the Head Licence for 27 parking spaces at Melton Court, London SW7 and is deemed to be long leasehold property.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

-

1,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

-

(380

)

Other creditors

34,943

36,156

34,943

35,776

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

55

Ordinary

£1

55

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

149,999

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Price Jones Partnership Ltd

Alders Farm, Ivy Lane

Great Brickhill

MK17 9AH

Date: .............................................