| Melbourne Assembly Rooms Limited |
| Registered number: |
07552481 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
20,583 |
|
|
19,089 |
|
| Current assets |
| Stocks |
|
|
2,500 |
|
|
3,078 |
| Debtors |
4 |
|
45,467 |
|
|
18,594 |
| Cash at bank and in hand |
|
|
77,548 |
|
|
80,808 |
|
|
|
125,515 |
|
|
102,480 |
|
| Creditors: amounts falling due within one year |
5 |
|
(54,972) |
|
|
(34,921) |
|
| Net current assets |
|
|
|
70,543 |
|
|
67,559 |
|
| Total assets less current liabilities |
|
|
|
91,126 |
|
|
86,648 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(44) |
|
|
(1,047) |
|
| Provisions for liabilities |
|
|
|
(2,325) |
|
|
(2,425) |
|
|
| Net assets |
|
|
|
88,757 |
|
|
83,176 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
88,757 |
|
|
83,176 |
|
| Shareholders' funds |
|
|
|
88,757 |
|
|
83,176 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr B A Lambert |
| Director |
| Approved by the board on 25 September 2025 |
|
| Melbourne Assembly Rooms 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, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised at the point of sale and turnover from the rendering of services is recognised when the services are performed. |
|
|
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: |
|
|
Leasehold land and buildings |
over the lease term |
|
Fixtures, fittings, tools and equipment |
33% on cost |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors and other basic liabilities are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered against 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
|
Grants received |
|
Government and other grants in relation to revenue are recognised as income when the related expenditure is charged to the income statement. Where the purpose of the grant is to give immediate financial support with no related future costs the revenue is recognised when receivable. Capital grants are credited to the profit and loss account by instalments over the expected useful economic life of the related asset on a basis consistent with the depreciation policy. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Leasehold improvements |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
- |
|
55,176 |
|
55,176 |
|
Additions |
7,450 |
|
7,805 |
|
15,255 |
|
At 31 March 2025 |
7,450 |
|
62,981 |
|
70,431 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
36,087 |
|
36,087 |
|
Charge for the year |
- |
|
13,761 |
|
13,761 |
|
At 31 March 2025 |
- |
|
49,848 |
|
49,848 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
7,450 |
|
13,133 |
|
20,583 |
|
At 31 March 2024 |
- |
|
19,089 |
|
19,089 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
38,147 |
|
6,827 |
|
Other debtors |
7,320 |
|
11,767 |
|
|
|
|
|
|
45,467 |
|
18,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
561 |
|
7,200 |
|
Taxation and social security costs |
17,150 |
|
11,992 |
|
Other creditors |
37,261 |
|
15,729 |
|
|
|
|
|
|
54,972 |
|
34,921 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
44 |
|
1,047 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Lease commitments |
|
|
The company has entered into a 30 year lease agreement with South Derbyshire District Council commencing on the 24 September 2024 for use of the Melbourne Assembly Rooms. The annual rent if demanded is £1 and the company has an ongoing obligation during the period of the lease to maintain and manage the historic building, the adjacent residential property and carparking arears. |
|
|
| 8 |
Grants |
|
|
The company has received from South Derbyshire District Council a grant of £29,000 towards the running of the historic building. Both the income and expenditure have been charged to the income statement in the year.
Furthermore, grant income of £6,328 has been carried forward from 2024. This related to capital purchases and £5,431 has been charged to the income statement in the year in line with the estimated useful life of the capital assets. The balance of £897 has been carried forward on the balance sheet and is reported under creditors.
|
|
|
| 9 |
Controlling party |
|
|
The company is limited by guarantee without share capital. The Board of Directors manages the company and no single Director has overall control. |
|
|
| 10 |
Other information |
|
|
Melbourne Assembly Rooms Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
High Street |
|
Melbourne |
|
Derbyshire |
|
DE73 8DS |