Melinda Building Services Limited

Melinda Building Services Limited
Registered number:		07207118
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		550,683			553,558

Current assets
Debtors	4	898			1,047
Cash at bank and in hand		15,443			20,359
		16,341			21,406

Creditors: amounts falling due within one year	5	(18,001)			(16,717)

Net current (liabilities)/assets			(1,660)			4,689

Total assets less current liabilities			549,023			558,247

Creditors: amounts falling due after more than one year	6		(472,720)			(478,356)

Provisions for liabilities			(13,163)			(13,709)

Net assets			63,140			66,182

Capital and reserves
Called up share capital			1			1
Non-distributable fair value reserve			61,563			61,563
Profit and loss account			1,576			4,618

Shareholders' funds			63,140			66,182

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




L Wheeler
Director
Approved by the board on 13 August 2025

Melinda Building Services Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable for rents and other property related items, net of discounts and value added taxes. Turnover is recognised when the service is provided.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	over 3 years

	Investment properties
	Investment Properties are included at fair value. Changes in fair value are recognised in the profit and loss account. Deferred tax is provided on any gains or losses at the rate expected to apply when the property is sold.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Related party transactions
	The company is wholly owned subsidiary of Melinda Property Services Limited. The company has therefore taken advantage of the exemption in Financial Reporting Standard 102 (as applied to small entities by Section 1A of the standard) from the requirements to disclose transactions with other wholly owned subsidiaries in the Group and the parent company.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Investment Properties		Fixtures, fittings and equipment		Total
£			£		£
	Cost or valuation
	At 1 April 2024	550,000		29,706		579,706
	Surplus on revaluation	-		-		-
	At 31 March 2025	550,000		29,706		579,706

	Depreciation
	At 1 April 2024	-		26,148		26,148
	Charge for the year	-		2,875		2,875
	At 31 March 2025	-		29,023		29,023

	Net book value
	At 31 March 2025	550,000		683		550,683
	At 31 March 2024	550,000		3,558		553,558

	In accordance with FRS 102, the directors have assessed the fair value of the properties held by the company. The assessment has not resulted in a change in the valuation of the investment property for the year ended 31 March 2025 (2024: increase of £50,000).

	The directors do not hold a relevant professional qualification but have in excess of 20 years of property experience. The directors used their judgement of the property market, including their experience of recent transactions involving similar properties. The directors also made reference to recent external valuations of the property completed within the last two years in addition to discussions with local estate agents.


4	Debtors			2025		2024
£					£

	Other debtors			898		1,047
				898		1,047


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,747		498
	Taxation and social security costs			1,740		1,636
	Other creditors			14,514		14,583
				18,001		16,717


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans (note 7)			295,139		294,525
	Amounts owed to group undertakings			177,581		183,831
				472,720		478,356

	Amounts owed to group undertakings are unsecured, interest free and repayable on demand. For the year ended 31 March 2025, the amounts owed to group undertakings have been classified as falling due after one year as the parent company has confirmed it will not seek repayment within 12 months.


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			295,139		294,525

	Bank loans are secured over the investment property held by the company, incur interest at base rate plus 4% and expire in December 2029.


8	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			734		5,135


9	Controlling party

	The immediate parent undertaking is Melinda Property Services Limited. The ultimate controlling parties are L Wheeler and C Williams, by virtue of their majority shareholding in Melinda Property Services Limited .


10	Other information

	Melinda Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Park Place
	Newdigate Road
	Harefield
	Middlesex
	UB9 6EJ