REGISTERED NUMBER: 02906236 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Melbourne Food Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J L Priestley

REGISTERED OFFICE:

Melbourne Park House

Royal Oak Business Park

East Road

Sleaford

Lincolnshire

NG34 7EQ

REGISTERED NUMBER:

02906236 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Sewell BA (Hons) FCA CTA

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Investments

4

287

287

CURRENT ASSETS

Debtors

5

9,528,755

9,305,444

CREDITORS

Amounts falling due within one year

6

74,017

72,129

NET CURRENT ASSETS

9,454,738

9,233,315

TOTAL ASSETS LESS CURRENT LIABILITIES

9,455,025

9,233,602

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

9,454,025

9,232,602

SHAREHOLDERS' FUNDS

9,455,025

9,233,602

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 director and authorised for issue on 30 September 2025 and were signed by:

J L Priestley - Director

1.	STATUTORY INFORMATION

Melbourne Food Group 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.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principle accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about Melbourne Food Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Melbourne Holdings Limited, Melbourne Park House, Royal Oak Business Park, East Road, Sleaford, Lincolnshire, NG34 7EQ.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Fixed asset investments are stated at cost less any amounts written off or provision for diminution in value.

Financial instruments

The company has elected to apply to provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets which include debtors and cash and bank balances, are initially measures at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measures at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business form suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initial at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial commitments, guarantees and contingent liabilities

The company has entered into an inter-company guarantee to secure the bank borrowings of the Melbourne Holdings Limited group.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

287

NET BOOK VALUE

At 31 December 2024

287

At 31 December 2023

287

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

4,765,505

2,373,138

Other debtors

1,167,000

2,169,056

5,932,505

4,542,194

Amounts falling due after more than one year:

Other debtors

3,596,250

4,763,250

Aggregate amounts

9,528,755

9,305,444

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

287

287

Taxation and social security

73,730

71,842

74,017

72,129

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	RELATED PARTY DISCLOSURES

The ultimate parent company is Melbourne Holdings Limited. Melbourne Holdings Limited's registered office is:

Melbourne Park House

Royal Oak Business Park

East Road

Sleaford

Lincolnshire

NG34 7EQ

Consolidated financial statements for the ultimate parent company are filed with the Registrar of Companies where copies may be obtained.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Melbourne Holdings Limited.

The ultimate controlling party is Mr J L Priestley by the nature of his controlling interest in Melbourne Holdings Limited.