| 46 Melgund Road Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
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| 1 |
Accounting policies |
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Tangible fixed assets |
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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: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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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. |
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Creditors |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
| £ |
|
Cost |
|
At 1 November 2024 |
16,000 |
|
At 31 October 2025 |
16,000 |
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|
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Depreciation |
|
At 31 October 2025 |
- |
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Net book value |
|
At 31 October 2025 |
16,000 |
|
At 31 October 2024 |
16,000 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
3 |
|
3 |
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| 5 |
46 Melgund Road Income and Expenditure Account |
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Income receivable: |
|
Payments from leaseholders |
3177 |
|
2400 |
|
Other income |
|
Total income |
3,177 |
|
2,400 |
|
|
|
|
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|
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Less expenses: |
|
Building insurance |
(1,765) |
|
(1,987) |
|
Repairs |
0 |
|
Subscriptions |
(47) |
|
Accountancy |
(504) |
|
(504) |
|
Legal fees |
|
|
Surplus/(deficit) carried forward |
861 |
|
(91) |
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| 6 |
46 Melgund Road Balance Sheet at 31 October 2025 |
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Assets: |
|
Prepayments |
419 |
|
507 |
|
Cash in bank |
1270 |
|
795 |
|
Accrued Income |
500 |
|
Total Assets |
2,189 |
|
1,302 |
|
|
|
|
|
|
|
|
|
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Accruals |
(918) |
|
(892) |
|
Net current assets (liabilities) |
1,271 |
|
410 |
|
|
|
|
|
|
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|
|
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Surplus (deficit) for the year |
861 |
|
(91) |
|
Balance brought forward |
410 |
|
501 |
|
Balance at year end |
1,271 |
|
410 |
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| 7 |
Controlling party |
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In the opinion of the directors there is no ultimate controlling party. |
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| 8 |
Other information |
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46 Melgund Road Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Flat 1 |
|
46 Melgund Road |
|
Highbury |
|
London |
|
N5 1PT |