Melling Property Holdings (Wigan) Ltd - Accounts to registrar (filleted) - small 18.2
Melling Property Holdings (Wigan) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2019 |
| FOR |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Douglas Bank House |
| Wigan Lane |
| Wigan |
| Lancashire |
| WN1 2TB |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| STATEMENT OF FINANCIAL POSITION |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2019 |
| 1. | STATUTORY INFORMATION |
| Melling Property Holdings (Wigan) Ltd is a |
| 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 |
| Investment property has been transferred to Property, Plant and Equipment at it's original cost following the early |
| adoption of Amendments to FRS102 - Triennial Review 2017, as contained in FRS102 s1.18 in these financial |
| statements. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Melling Property Holdings (Wigan) Ltd as an individual |
| company and do not contain consolidated financial information as the parent of a group. The company is exempt |
| under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial |
| statements. |
| 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. |
| Turnover |
| Turnover represents the net invoice value of management services, rental income and related services provided, |
| excluding value added tax. Rental income is recognised in the income statement on a straight-line basis over the |
| lease term. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Tangible fixed assets are either stated at cost or professional valuation, less depreciation and any impairment. |
| Impairment of assets |
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have |
| suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
| affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, |
| the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
| immediately in profit or loss. |
| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised |
| estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying |
| amount that would have been determined (net of depreciation) had no impairment loss been recognised for the |
| asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
| Investments in subsidiaries |
| Investments in subsidiaries are accounted for at cost less impairment. |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| The company only holds basic financial instruments, as defined under Section 11 of FRS 102. |
| Short term financial assets are measured at transaction price less any impairment. Short term financial liabilities |
| are measured at transaction price. |
| Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the |
| undiscounted amount due. |
| Group undertaking loans payable and receivable are measured at the undiscounted amount due as they are |
| deemed to be repayable on demand. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and |
| property | property | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2018 |
| Additions |
| Reclassification/transfer | ( |
) |
| At 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| Reclassification/transfer | ( |
) |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 August 2018 |
| and 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2018 |
| Reclassification/transfer | (550,000 | ) |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| MELLING PROPERTY HOLDINGS (WIGAN) LTD (REGISTERED NUMBER: 10690668) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |