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REGISTERED NUMBER: 07102343 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Mellington Estates Ltd

Mellington Estates Ltd (Registered number: 07102343)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Mellington Estates Ltd (Registered number: 07102343)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,302 3,934

CURRENT ASSETS
Stocks 253,688 517,410
Debtors 1,045,324 45,058
Cash at bank 424,675 527,738
1,723,687 1,090,206
CREDITORS
Amounts falling due within one year 3 711,281 109,856
NET CURRENT ASSETS 1,012,406 980,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,708

984,284

PROVISIONS FOR LIABILITIES 1,661 787
NET ASSETS 1,019,047 983,497

CAPITAL AND RESERVES
Called up share capital 4 800,100 800,100
Profit and loss account 218,947 183,397
SHAREHOLDERS' FUNDS 1,019,047 983,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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.

Mellington Estates Ltd (Registered number: 07102343)

Abbreviated Balance Sheet - continued
31 December 2014


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 7 May 2015 and were signed on its behalf by:




A Towle - Director



Mrs J C Findlow - Director


Mellington Estates Ltd (Registered number: 07102343)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

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 2014 5,404
Additions 5,908
At 31 December 2014 11,312
DEPRECIATION
At 1 January 2014 1,470
Charge for year 1,540
At 31 December 2014 3,010
NET BOOK VALUE
At 31 December 2014 8,302
At 31 December 2013 3,934

3. CREDITORS

Creditors include an amount of £ 480,000 for which security has been given.

Mellington Estates Ltd (Registered number: 07102343)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
800,100 Ordinary £1 800,100 800,100