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Company Registration No. 09960112 (England and Wales)
Melby Estates Limited Unaudited accounts for the year ended 31 December 2024
Melby Estates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Melby Estates Limited Company Information for the year ended 31 December 2024
Director
Meir Goldberg
Company Number
09960112 (England and Wales)
Registered Office
69 Ferndale Road London N15 6UG
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Melby Estates Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,673
1,951
Investment property
500,000
500,000
501,673
501,951
Current assets
Debtors
213,335
205,845
Cash at bank and in hand
5,355
6,138
218,690
211,983
Creditors: amounts falling due within one year
(159,349)
(159,591)
Net current assets
59,341
52,392
Total assets less current liabilities
561,014
554,343
Creditors: amounts falling due after more than one year
(384,545)
(384,545)
Provisions for liabilities
Deferred tax
(26,509)
(26,509)
Net assets
149,960
143,289
Capital and reserves
Called up share capital
100
100
Profit and loss account
149,860
143,189
Shareholders' funds
149,960
143,289
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Meir Goldberg Director Company Registration No. 09960112
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Melby Estates Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Melby Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 09960112. The registered office is 69 Ferndale Road, London, N15 6UG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance basis.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Melby Estates Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 January 2024
6,029
Additions
279
At 31 December 2024
6,308
Depreciation
At 1 January 2024
4,078
Charge for the year
557
At 31 December 2024
4,635
Net book value
At 31 December 2024
1,673
At 31 December 2023
1,951
5
Transactions with related parties
Included within debtors are amounts aggregating to £151,729 (2023: £144,239) due from companies with a director in common with this company. Included within creditors are amounts aggregating to £105,104 (2023: £105,104) due to companies with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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