Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC552830 Mr Cameron Mellish Mr Darran Mellish iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC552830 2023-12-31 SC552830 2024-12-31 SC552830 2024-01-01 2024-12-31 SC552830 frs-core:CurrentFinancialInstruments 2024-12-31 SC552830 frs-core:PlantMachinery 2024-12-31 SC552830 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC552830 frs-core:PlantMachinery 2023-12-31 SC552830 frs-core:ShareCapital 2024-12-31 SC552830 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC552830 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC552830 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC552830 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC552830 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC552830 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC552830 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 SC552830 frs-bus:Director1 2024-01-01 2024-12-31 SC552830 frs-bus:Director2 2024-01-01 2024-12-31 SC552830 frs-countries:Scotland 2024-01-01 2024-12-31 SC552830 2022-12-31 SC552830 2023-12-31 SC552830 2023-01-01 2023-12-31 SC552830 frs-core:CurrentFinancialInstruments 2023-12-31 SC552830 frs-core:ShareCapital 2023-12-31 SC552830 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC552830 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: SC552830
Mellex Property Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
McGowan Accounting Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC552830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,818 3,757
Investment Properties 5 1,803,277 1,297,968
1,806,095 1,301,725
CURRENT ASSETS
Stocks 6 202,919 33,000
Debtors 7 800 357
Cash at bank and in hand 15,141 17,225
218,860 50,582
Creditors: Amounts Falling Due Within One Year 8 (1,727,765 ) (1,477,144 )
NET CURRENT ASSETS (LIABILITIES) (1,508,905 ) (1,426,562 )
TOTAL ASSETS LESS CURRENT LIABILITIES 297,190 (124,837 )
NET ASSETS/(LIABILITIES) 297,190 (124,837 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 439,669 -
Profit and Loss Account (142,579 ) (124,937 )
SHAREHOLDERS' FUNDS 297,190 (124,837)
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darran Mellish
Director
19/12/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mellex Property Limited is a private company, limited by shares, incorporated in Scotland, registered number SC552830 . The registered office is Crossmill, Glasgow Road, Barrhead, G78 1TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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Page 3
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 January 2024 5,010
As at 31 December 2024 5,010
Depreciation
As at 1 January 2024 1,253
Provided during the period 939
As at 31 December 2024 2,192
Net Book Value
As at 31 December 2024 2,818
As at 1 January 2024 3,757
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 1,297,968
Additions 65,640
Revaluations 439,669
As at 31 December 2024 1,803,277
The 2025 values were made by the director on an open market value for existing use basis.
6. Stocks
2024 2023
£ £
Stock 202,919 33,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 800 357
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,876 2,082
Amounts owed to group undertakings 1,688,849 1,440,922
Other creditors 34,040 34,140
1,727,765 1,477,144
Page 3
Page 4
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
Movements in fair value reserve 439,669
As at 31 December 2024 439,669
11. Related Party Transactions
At the balance sheet date the company owed £1,440,922 (2022: £1,217,022) to related parties. This loan is unsecured. 
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