REGISTERED NUMBER: 12039998 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Melbourne Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J L Priestley

Mrs L J Bryant

REGISTERED OFFICE:

Melbourne Park House

Royal Oak Business Park

East Road

Sleaford

Lincolnshire

NG34 7EQ

REGISTERED NUMBER:

12039998 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Sewell BA (Hons) FCA CTA

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

134,450

87,556

Investments

5

330

330

134,780

87,886

CURRENT ASSETS

Stocks

16,900,200

10,980,853

Debtors

6

283,700

149,054

17,183,900

11,129,907

CREDITORS

Amounts falling due within one year

7

15,626,137

10,868,983

NET CURRENT ASSETS

1,557,763

260,924

TOTAL ASSETS LESS CURRENT LIABILITIES

1,692,543

348,810

PROVISIONS FOR LIABILITIES

2,435

2,289

NET ASSETS

1,690,108

346,521

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,690,107

346,520

SHAREHOLDERS' FUNDS

1,690,108

346,521

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

J L Priestley - Director

1.	STATUTORY INFORMATION

Melbourne Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Melbourne Holdings Limited will only require repayment of the intercompany loan if Melbourne Construction Limited has adequate working capital to do so.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

The value of work in progress involves significant judgement and is therefore considered a key source of estimation uncertainty. Work in progress is valued at the lower of cost and net realisable value. Costs includes directly attributable expenditure incurred to the reporting date, while net realisable value is based on expected selling prices less costs to complete and sell.

In determining the value of work in progress at the year end, management is required to estimate the stage of completion, future costs, and recoverability of amounts incurred. Actual outcomes may differ from these estimates, particularly where market conditions or completion costs may vary from expectations.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost and 10% on cost

Motor vehicles

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Preparation of consolidated financial statements

The financial statements contain information about Melbourne Construction Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Melbourne Holdings Limited, Melbourne Park House, Royal Oak Business Park, East Road, Sleaford, Lincolnshire, NG34 7EQ.

Government grants

Grants related to revenue are recognised in the profit or loss on a systematic basis over the periods in which the company recognises the related costs for the grant is intended to compensate. Where grants are received in advance of meeting the associated conditions, they are recognised as deferred income within creditors and released to the profit or loss in the period in which the conditions are satisfied.

Financial commitments, guarantees and contingent liabilities

The company has entered into an inter-company guarantee to secure the bank borrowings of the Melbourne Holdings Limited group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

89,071

38,383

-

127,454

Additions

16,873

66,000

1,575

84,448

Disposals

(5,469

)

-

-

(5,469

)

At 31 December 2025

100,475

104,383

1,575

206,433

DEPRECIATION

At 1 January 2025

29,467

10,431

-

39,898

Charge for year

22,861

11,806

43

34,710

Eliminated on disposal

(2,625

)

-

-

(2,625

)

At 31 December 2025

49,703

22,237

43

71,983

NET BOOK VALUE

At 31 December 2025

50,772

82,146

1,532

134,450

At 31 December 2024

59,604

27,952

-

87,556

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

330

NET BOOK VALUE

At 31 December 2025

330

At 31 December 2024

330

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

80,221

149,054

Amounts owed by group undertakings

125,509

-

Other debtors

77,970

-

283,700

149,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,014,337

1,151,355

Trade creditors

188,363

84,968

Amounts owed to group undertakings

11,030,079

9,423,935

Taxation and social security

74,827

132,101

Other creditors

318,531

76,624

15,626,137

10,868,983

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	RELATED PARTY DISCLOSURES

The company has entered into an inter-company guarantee to secure the bank borrowings of the Melbourne Holdings Limited Group.

The ultimate parent company is Melbourne Holdings Limited. Melbourne Holdings Limited's registered office is:

Melbourne Park House

Royal Oak Business Park

East Road

Sleaford

Lincolnshire

NG34 7EQ

Consolidated financial statements for the ultimate parent company are filed with the Registrar of Companies where copies may be obtained.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of J L Priestley throughout the current and previous year by virtue of a majority holding of direct and indirect shares.