Melinda Property Investments 1 Limited

Melinda Property Investments 1 Limited
Registered number:		07807751
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		700,000			700,000

Current assets
Debtors	4	50,494			35,627
Cash at bank and in hand		16,935			20,677
		67,429			56,304

Creditors: amounts falling due within one year	5	(100,197)			(91,695)

Net current liabilities			(32,768)			(35,391)

Total assets less current liabilities			667,232			664,609

Creditors: amounts falling due after more than one year	6		(608,925)			(575,061)

Provisions for liabilities			(15,889)			(15,454)

Net assets			42,418			74,094

Capital and reserves
Called up share capital			1			1
Non-distributable fair value reserve			102,834			102,834
Profit and loss account			(60,417)			(28,741)

Shareholders' funds			42,418			74,094

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 Property Investments 1 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).

	Going Concern
	At 31 March 2025, the company had net current liabilities of £32,768 (2024: £35,391). The company is funded by external loans and intercompany loans from its parent Company. As a result of this ongoing support, the directors consider the going concern basis appropriate for the Company.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties to third parties. Turnover from the rental of properties is recognised by reference to the rental period. Income from the sale of properties is recognised when the significant risks and rewards of ownership of the property have transferred to the buyer and is recorded as a profit on diposal of a fixed asset.

	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 disclosures
	The company is a 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 requirement 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 assets
				Investment Property
£
	Valuation
	At 1 April 2024			700,000
	At 31 March 2025			700,000

	In accordance with FRS 102, the directors have assessed the fair value of the properties held by the company. The assessment has resulted in no change to the valuation of the investment property for the year ended 31 March 2025 (2024: £nil).

	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
£			£

	Trade debtors	24,416		4,154
	Deferred tax asset	5,482		10,162
	Other debtors	20,596		21,311
		50,494		35,627


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

	Bank loans and overdrafts	16,407		16,407
	Trade creditors	23,099		31,505
	Other creditors	60,691		43,783
		100,197		91,695


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

	Bank loans (note 7)	299,739		414,933
	Amounts owed to group undertakings	309,186		160,128
		608,925		575,061

	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:
	Instalments falling due for payment after more than five years	-		349,306
		-		349,306


	Secured bank loans	316,146		431,340

	Bank loans are secured over the investment property held by the company, incur interest at base rate plus 4.83% and expire in January 2030.


8	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.


9	Other information

	Melinda Property Investments 1 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