Melbourne Commercial Company Limited Company accounts

COMPANY REGISTRATION NUMBER: 05306821

Melbourne Commercial Company Limited

Unaudited Financial Statements

31 March 2025

Melbourne Commercial Company Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Directors' report	2

Statement of comprehensive income	3

Statement of financial position	4

Statement of changes in equity	6

Notes to the financial statements	7

The following pages do not form part of the financial statements

Chartered accountants and business advisers report to the board of directors on the preparation of the unaudited statutory financial statements	12

Melbourne Commercial Company Limited

Officers and Professional Advisers

The board of directors	Mr G A Asher
	Mr R Thomas
	Mrs H Asher
	Mrs A Thomas

Company secretary	Mr G A Asher

Registered office	Unit 10 Edison Court
	Ellice Way
	Wrexham Technology Park
	Wrexham
	LL13 7YT

Accountants	Bruce Roberts & Co Limited
	Chartered Accountants and Business Advisers
	Unit 10, Edison Court
	Ellice Way
	Wrexham Technology Park
	Wrexham
	LL13 7YT

Bankers	Lloyd's TSB
	Sapphire West
	550 Streetsbrook Road
	Solihull
	Birmingham
	B91 1QY

Melbourne Commercial Company Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

Mr G A Asher
Mr R Thomas
Mrs H Asher	(Appointed 22 October 2024)
Mrs A Thomas	(Appointed 22 October 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 September 2025 and signed on behalf of the board by:

Mr G A Asher

Company Secretary

Registered office:

Unit 10 Edison Court

Ellice Way

Wrexham Technology Park

Wrexham

LL13 7YT

Melbourne Commercial Company Limited

Statement of Comprehensive Income

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	190,574	178,396

Cost of sales	( 58,302)	( 72,727)
	---------	---------
Gross profit	132,272	105,669

Administrative expenses	( 147,624)	( 45,798)
	---------	---------
Operating (loss)/profit	( 15,352)	59,871

Gain on financial assets at fair value through profit or loss		1,375	1,435
Gain/(loss) on investment properties at fair value through profit or loss		200,000	–
Other interest receivable and similar income		3,287	878
		---------	---------
Profit before taxation	5	189,310	62,184

Tax on profit	( 38,261)	( 10,769)
	---------	--------
Profit for the financial year and total comprehensive income	151,049	51,415
	---------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Melbourne Commercial Company Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	3,911	4,508
Investment properties	7	900,000	700,000
		---------	---------
		903,911	704,508

Current assets

Debtors	8	13,763	19,683
Investment	9	19,204	17,828
Cash at bank and in hand		98,171	154,900
		---------	---------
		131,138	192,411

Creditors: amounts falling due within one year	10	( 32,503)		( 83,781)
		---------		---------
Net current assets			98,635	108,630
			------------	---------
Total assets less current liabilities			1,002,546	813,138

Provisions

Taxation including deferred tax	( 87,462)	( 49,201)
	------------	---------
Net assets	915,084	763,937
	------------	---------

Capital and reserves

Called up share capital	100	2
Profit and loss account	914,984	763,935
	---------	---------
Shareholders funds	915,084	763,937
	---------	---------

These financial statements have been prepared 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'.

For the year ending 31 March 2025 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 .

Melbourne Commercial Company Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr G A Asher
Director

Company registration number: 05306821

Melbourne Commercial Company Limited

Statement of Changes in Equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2023	2	712,520	712,522

Profit for the year		51,415	51,415
	----	---------	---------
Total comprehensive income for the year	–	51,415	51,415

At 31 March 2024	2	763,935	763,937

Profit for the year		151,049	151,049
	----	---------	---------
Total comprehensive income for the year	–	151,049	151,049

Issue of shares	98	–	98
	----	----	----
Total investments by and distributions to owners	98	–	98

	----	---------	---------
At 31 March 2025	100	914,984	915,084
	----	---------	---------

Melbourne Commercial Company Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.

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. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

Revenue recognition

Turnover represents net sales, after credits and discounts, of services and property and rental of property, excluding Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, and is recognised in respect of investment property that is measured at fair value in accordance with Section 16 requirements and therefore any increase or decrease in the fair value of the investment property is matched with a corresponding provision for deferred tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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 machinery	-	25% straight line
Fixtures and fittings	-	25% straight line

Investments

Fixed asset investment properties are stated on the balance sheet at their fair value and any changes to such value is reflected in the profit and loss account.

Current asset investments are stated at fair value, with any changes to value reflecting through the profit and loss account.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	1,388	1,503
	-------	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	19,000	510	19,510
Additions	–	791	791
	--------	-------	--------
At 31 March 2025	19,000	1,301	20,301
	--------	-------	--------
Depreciation
At 1 April 2024	14,492	510	15,002
Charge for the year	1,127	261	1,388
	--------	-------	--------
At 31 March 2025	15,619	771	16,390
	--------	-------	--------
Carrying amount
At 31 March 2025	3,381	530	3,911
	--------	-------	--------
At 31 March 2024	4,508	–	4,508
	--------	-------	--------

7. Investment properties

	Investment Properties
	£
Cost
At 1 April 2024	700,000
Additions	200,000
	---------
At 31 March 2025	900,000
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	900,000
	---------
At 31 March 2024	700,000
	---------

The land and buildings were informally valued in the period at the open market value disclosed in the accounts of £700,000. Miners Park was valued on behalf of the company, by Mr G Asher, an officer of the company, having due regard to property and rental values in the immediate locality and the static nature of the general prevailing market conditions.

Davy Way was also informally valued on behalf of the company by Mr Asher, again having due regard to property and rental values in the immediate locality and general prevailing market conditions.

8. Debtors

	2025	2024
	£	£
Trade debtors	2,588	8,504
Other debtors	11,175	11,179
	--------	--------
	13,763	19,683
	--------	--------

9. Investment

	2025	2024
	£	£
Current asset available for sale investments (at fair value)	19,204	17,828
	--------	--------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	16	14
Social security and other taxes	5,744	11,481
Other creditors	26,743	72,286
	--------	--------
	32,503	83,781
	--------	--------

11. Directors' advances, credits and guarantees

The directors operate a loan account with the company. At the beginning of the period the balance owed to them by the company was £62,647 (2024 £95,214) and at the end of the period the balance owed to them was £17,861 (2024 £62,647).

12. Related party transactions

During the year the company made a loan to another company which shares the same directors. The loan due at the year end was £10,000. The Loan is interest free and repayable over 24 months (by December 2025).

Melbourne Commercial Company Limited

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

Melbourne Commercial Company Limited

Chartered Accountants and Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Melbourne Commercial Company Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Melbourne Commercial Company Limited for the year ended 31 March 2025, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Melbourne Commercial Company Limited, as a body, in accordance with the terms of our engagement letter dated 10 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Melbourne Commercial Company Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Melbourne Commercial Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Melbourne Commercial Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Melbourne Commercial Company Limited. You consider that Melbourne Commercial Company Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Melbourne Commercial Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bruce Roberts & Co Limited Chartered Accountants and Business Advisers

Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT

30 September 2025