Melina Group Limited - Filleted accounts

Registered number

00728643

Melina Group Limited

Filleted Accounts

31 March 2025

Melina Group Limited
Registered number:		00728643
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,142,169			1,142,290
Investments	4		1,000,003			750,003
			2,142,172			1,892,293

Current assets
Debtors	5	85,694			88,715
Cash at bank and in hand		269,847			552,157
		355,541			640,872

Creditors: amounts falling due within one year	6	(294,594)			(344,794)

Net current assets			60,947			296,078

Total assets less current liabilities			2,203,119			2,188,371


Provisions for liabilities			(69)			(92)


Net assets			2,203,050			2,188,279

Capital and reserves
Called up share capital			200			200
Share premium			286,384			286,384
Revaluation reserve	7		212,500			212,500
Capital redemption reserve			1,042			1,042
Profit and loss account			1,702,924			1,688,153

Shareholders' funds			2,203,050			2,188,279

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.




Matthew Michael Lambert
Director
Approved by the board on 8 December 2025

Melina Group 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings	NIL
	Fixtures, fittings, tools and equipment	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	1,141,806		43,557		1,185,363
	At 31 March 2025	1,141,806		43,557		1,185,363

	Depreciation
	At 1 April 2024	-		43,073		43,073
	Charge for the year	-		121		121
	At 31 March 2025	-		43,194		43,194

	Net book value
	At 31 March 2025	1,141,806		363		1,142,169
	At 31 March 2024	1,141,806		484		1,142,290


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			1,176,949		1,176,949
	Cumulative depreciation based on historical cost			-		-
				1,176,949		1,176,949

	At the balance sheet date investment properties are being included at valuation. The property at Browells Lane was revalued in the year 31 March 2001 at £ 350,000, and again in the year ended 31 March 2008 at £ 475,000. During the year ended 31 March 2009 it was revalued at £ 400,000 based on the market value at the balance sheet date. Its original cost was £ 187,500. In the opinion of the directors the Browells Lane property is included in the accounts at a value approximate to their open market value. Corporation tax of £ NIL ( 2024 £ NIL) would be payable on the immediate realisation of the net revaluation gains and losses.
4	Investments

Other
investments
£
	Cost
	At 1 April 2024					750,003
	Additions					250,000

	At 31 March 2025					1,000,003
	Unlisted investments comprise 3 Ordinary 'B' shares of £ 1 each ( 2024: 3 Ordinary 'B' shares of £ 1 each ) in Melwoods Financial Management Limited. Although the investment represents a 60% shareholding in that company it does not constitute a controlling interest as the "B" shares do not carry the same voting rights as the other share capital of Melwoods Financial Management Limited and 750,000 £ 1.00 shares in Affordable Housing and Healthcare Group Limited, a company registered in England and Wales. At the 31 March 2025, the investment was valued at cost £ 1,000,000 (2024: £ 750,000)


5	Debtors			2025		2024
£					£

	Trade debtors			-		695
	Other debtors			85,694		88,020
				85,694		88,715

	Amounts due after more than one year included above			80,000		80,000


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

	Trade creditors			56		2,624
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			279,108		279,108
	Taxation and social security costs			4,183		26,980
	Other creditors			11,247		36,082
				294,594		344,794


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			212,500		212,500

	At 31 March 2025			212,500		212,500


8	Controlling party

	The ultimate parent company is Youngkirk Limited, a company registered in England and Wales. The ultimate controlling parties are M.M. Lambert (director) and Mrs J Lambert (director) by virtue of their 100% share holding in that company.


9	Other information

	Melina Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Melwoods, Imex House
	575-599 Maxted Road
	Hemel Hempstead
	Hertfordshire
	HP2 7DX