REGISTERED NUMBER: 07102343 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Mellington Estates Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

3,934

1,427

CURRENT ASSETS

Stocks

517,410

839,328

Debtors

45,058

27,338

Cash at bank

527,738

9,825

1,090,206

876,491

CREDITORS

Amounts falling due within one year

109,856

104,846

NET CURRENT ASSETS

980,350

771,645

TOTAL ASSETS LESS CURRENT LIABILITIES

984,284

773,072

PROVISIONS FOR LIABILITIES

787

-

NET ASSETS

983,497

773,072

CAPITAL AND RESERVES

Called up share capital

3

800,100

800,100

Profit and loss account

183,397

(27,028

)

SHAREHOLDERS' FUNDS

983,497

773,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 February 2014 and were signed on its behalf by:

A Towle - Director

Mrs J C Findlow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of properties and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore,

turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

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

Office Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

2,203

Additions

3,201

At 31 December 2013

5,404

DEPRECIATION

At 1 January 2013

776

Charge for year

694

At 31 December 2013

1,470

NET BOOK VALUE

At 31 December 2013

3,934

At 31 December 2012

1,427

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

800,100

Ordinary

£1

800,100

800,100