Company registration number 08873600 (England and Wales)
MELLMAR CAPITAL LIMITED
Unaudited financial statements
For the year ended 31 March 2025
Pages for filing with registrar
MELLMAR CAPITAL LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
MELLMAR CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
1,140
-
0
Investments
5
12,169
32,315
13,309
32,315
Current assets
Trade and other receivables
6
28,666
16,050
Cash and cash equivalents
160,177
182,872
188,843
198,922
Current liabilities
7
(3,733)
(47,553)
Net current assets
185,110
151,369
Net assets
198,419
183,684
Equity
Called up share capital
8
15,000
15,000
Retained earnings
183,419
168,684
Total equity
198,419
183,684

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr Panagiotis Mellis
Director
Company registration number 08873600 (England and Wales)
MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Mellmar Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 90 Manor Road South, Esher, Surrey, KT10 0QQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director true s ha ve undertaken an assessment of the adequacy of the resources available to the company. The director s ha ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, accordingly, continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
Depreciated on a straight line basis over three years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Non-current investments

Interests in unlisted entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its non-current assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 April 2024
-
0
Additions
1,406
At 31 March 2025
1,406
Depreciation and impairment
At 1 April 2024
-
0
Depreciation charged in the year
266
At 31 March 2025
266
Carrying amount
At 31 March 2025
1,140
At 31 March 2024
-
0
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
12,169
32,315
MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
5
Fixed asset investments
(Continued)
- 6 -
Movements in non-current investments
Unlisted Investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025
32,315
Impairment
At 1 April 2024
-
Impairment losses
20,146
At 31 March 2025
20,146
Carrying amount
At 31 March 2025
12,169
At 31 March 2024
32,315
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
22,367
16,050
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
6,299
-
0
Total debtors
28,666
16,050
7
Current liabilities
2025
2024
£
£
Trade payables
168
168
Other payables
3,565
47,385
3,733
47,553
MELLMAR CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
- 7 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
15,000
15,000
15,000
15,000
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
39,324
41,291
10
Directors' transactions

Included in other receivables is an amount of £6,663 that is a loan to a director. The loan is unsecured, interest free and repayable on demand.

2025-03-31 2024-04-01 false false false 09 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr P Mellis Mr E Mellis WSM Services Limited 08873600 2024-04-01 2025-03-31 08873600 2025-03-31 08873600 2024-03-31 08873600 core:OtherPropertyPlantEquipment 2025-03-31 08873600 core:OtherPropertyPlantEquipment 2024-03-31 08873600 core:CurrentFinancialInstruments 2025-03-31 08873600 core:CurrentFinancialInstruments 2024-03-31 08873600 core:ShareCapital 2025-03-31 08873600 core:ShareCapital 2024-03-31 08873600 core:RetainedEarningsAccumulatedLosses 2025-03-31 08873600 core:RetainedEarningsAccumulatedLosses 2024-03-31 08873600 core:ShareCapitalOrdinaryShareClass1 2025-03-31 08873600 core:ShareCapitalOrdinaryShareClass1 2024-03-31 08873600 bus:Director1 2024-04-01 2025-03-31 08873600 core:ComputerEquipment 2024-04-01 2025-03-31 08873600 core:OtherPropertyPlantEquipment 2024-03-31 08873600 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 08873600 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08873600 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08873600 core:AfterOneYear 2025-03-31 08873600 core:AfterOneYear 2024-03-31 08873600 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08873600 bus:OrdinaryShareClass1 2025-03-31 08873600 bus:OrdinaryShareClass1 2024-03-31 08873600 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08873600 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08873600 bus:FRS102 2024-04-01 2025-03-31 08873600 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08873600 bus:Director2 2024-04-01 2025-03-31 08873600 bus:CompanySecretary1 2024-04-01 2025-03-31 08873600 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP