REGISTERED NUMBER: 01727416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MELBA ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Rabinowitz

Mr L Rabinowitz

REGISTERED OFFICE:

6 Ground Floor

220 The Vale

London

NW11 8SR

REGISTERED NUMBER:

01727416 (England and Wales)

FIXED ASSETS

Tangible assets

4

10,679

16,243

Investments

5

2

2

Investment property

6

680,087

718,587

690,768

734,832

CURRENT ASSETS

Debtors

7

2,093,941

1,904,191

Prepayments and accrued income

5,078

4,988

Cash at bank

20,574

343,574

2,119,593

2,252,753

CREDITORS

Amounts falling due within one year

8

304,896

301,639

NET CURRENT ASSETS

1,814,697

1,951,114

TOTAL ASSETS LESS CURRENT LIABILITIES

2,505,465

2,685,946

CREDITORS

Amounts falling due after more than one year

9

3,000,000

3,000,000

NET LIABILITIES

(494,535

)

(314,054

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(494,537

)

(314,056

)

SHAREHOLDERS' FUNDS

(494,535

)

(314,054

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 October 2025 and were signed on its behalf by:

Mr L Rabinowitz - Director

1.	STATUTORY INFORMATION

MELBA ESTATES 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.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Initial recognition of financial assets and liabilities.

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Initial measurement

When a financial asset or liability is recognised initially, the company shall measure it at the transaction price including transaction costs except in the initial measurement of financial assets and liabilities that are measured at fair value through profit or loss unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financial transaction, the company shall measure the financial asset or financial liability at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Subsequent measurement

At the end of each reporting period, the company shall measure financial instruments without any deduction for transaction costs the company may incur on sale or other disposal. Debt instruments shall be measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year shall be measured at the undiscounted amount of the cash or other consideration expected to be paid or received unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financing transaction, the company shall measure the debt instrument at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial instruments

Impairment of financial instruments measured at cost or amortised cost. At the end of each reporting period, the company shall assess whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost.If there is objective evidence of impairment, the company shall recognise an impairment loss in profit or loss immediately.

Derecognition of a financial asset

The company shall derecognise a financial asset only when the contractual rights to the cash flows from the financial asset expire or are settled, or the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company shall derecognise the asset and recognise separately any rights and obligations retained or created in the transfer.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

38,500

DEPRECIATION

At 1 April 2024

22,257

Charge for year

5,564

At 31 March 2025

27,821

NET BOOK VALUE

At 31 March 2025

10,679

At 31 March 2024

16,243

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

718,587

Disposals

(38,500

)

At 31 March 2025

680,087

NET BOOK VALUE

At 31 March 2025

680,087

At 31 March 2024

718,587

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

31,572

31,572

Amounts owed by participating interests

1,127,369

1,072,619

1,158,941

1,104,191

Amounts falling due after more than one year:

Other debtors

935,000

800,000

Aggregate amounts

2,093,941

1,904,191

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

245

26,745

Amounts owed to participating interests

250,000

250,000

Tax

8,358

5,330

Social security and other taxes

3,140

7,353

Other creditors

30,000

-

Directors' current accounts

8,103

7,661

Accrued expenses

5,050

4,550

304,896

301,639

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

3,000,000

3,000,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs M Rabinowitz and Mr L Rabinowitz

Balance outstanding at start of year

800,000

700,000

Amounts advanced

135,000

100,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

935,000

800,000

Directors were advanced £400,000 in March 2021. A further advance of £300,000 was made during financial year ending March 2022. During the financial year ending 31 March 2024 a further advance of £100,000 was made to the directors.During the year ended 31 March 2025 a further advance of £135,000 was made to the directors.

Therefore the total advances to the directors were £935,000 as at 31 March 2025.

Interest is charged at market rate, this being currently at three percent per year.The loan is repayable within five years by equal monthly instalments commencing in April 2025.