Melville Consulting Partners Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC625738 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Melville Consulting Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Cormack

REGISTERED OFFICE:

23 Melville Street

Edinburgh

EH3 7PE

REGISTERED NUMBER:

SC625738 (Scotland)

ACCOUNTANTS:

J S Accounting Services Limited

13-15 Morningside Drive

EDINBURGH

EH10 5LZ

FIXED ASSETS

Investments

4

7,350,001

7,350,001

CURRENT ASSETS

Debtors

5

274,979

140,400

Cash at bank

1,079

1,110

276,058

141,510

CREDITORS

Amounts falling due within one year

6

214,439

74,630

NET CURRENT ASSETS

61,619

66,880

TOTAL ASSETS LESS CURRENT LIABILITIES

7,411,620

7,416,881

CREDITORS

Amounts falling due after more than one year

7

50,000

50,000

NET ASSETS

7,361,620

7,366,881

RESERVES

Revaluation reserve

8

7,350,000

7,350,000

Retained earnings

11,620

16,881

7,361,620

7,366,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 29 December 2023 and were signed by:

B Cormack - Director

1.	STATUTORY INFORMATION

Melville Consulting Partners Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 April 2022

and 31 March 2023

7,350,001

NET BOOK VALUE

At 31 March 2023

7,350,001

At 31 March 2022

7,350,001

Cost or valuation at 31 March 2023 is represented by:

Shares in

group

undertakings

£

Valuation in 2021

7,350,000

Cost

1

7,350,001

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Engenera Greenbond plc

Registered office: Within the UK

Nature of business: Investment

%

Class of shares:

holding

Ordinary shares

50.00

Redeemable shares

50.00

31.3.23

30.11.21

£

£

Aggregate capital and reserves

-

(997,367

)

Loss for the year

-

(444,232

)

The discounted cash flow valuation of Engenera Green Bonds PLC is circa £14.7M.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed by group undertakings

112,000

43,500

Amounts owed by participating interests

68,979

2,900

Other debtors

94,000

94,000

274,979

140,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed to participating interests

44,900

66,491

Taxation and social security

5,848

5,848

Other creditors

163,691

2,291

214,439

74,630

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

50,000

50,000

8.

RESERVES

Revaluation

reserve

£

At 1 April 2022

and 31 March 2023

7,350,000