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REGISTERED NUMBER: 07102343 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Mellington Estates Ltd

Mellington Estates Ltd (Registered number: 07102343)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mellington Estates Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mr A H D Towle
Mrs J C Bruce





SECRETARY: Mr A H D Towle





REGISTERED OFFICE: M6 Motorway House
Charter Way
Hurdsfield Industrial Estate
Macclesfield
Cheshire
SK10 2NY





REGISTERED NUMBER: 07102343 (England and Wales)






Mellington Estates Ltd (Registered number: 07102343)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,619 15,139
Investment property 5 588,428 -
602,047 15,139

CURRENT ASSETS
Stocks 780,906 -
Debtors 6 50,472 726,923
Cash at bank 46,693 259,942
878,071 986,865
CREDITORS
Amounts falling due within one year 7 677,294 197,217
NET CURRENT ASSETS 200,777 789,648
TOTAL ASSETS LESS CURRENT LIABILITIES 802,824 804,787

PROVISIONS FOR LIABILITIES 2,724 3,028
NET ASSETS 800,100 801,759

CAPITAL AND RESERVES
Called up share capital 800,100 800,100
Retained earnings - 1,659
SHAREHOLDERS' FUNDS 800,100 801,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors on 9 May 2017 and were signed on its behalf by:





Mr A H D Towle - Director


Mellington Estates Ltd (Registered number: 07102343)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Mellington Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31st December 2016 are the first financial statements that
comply with section 1A ''Small Entities'' of FRS 102. The date of transition is 1st January 2015. There are no
transition adjustments.

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
Motor vehicles - 15% on reducing balance

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account,
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.


Mellington Estates Ltd (Registered number: 07102343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Short term debtors and creditors receivable
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses
arising from impairment are recognised in the profit and loss account.

Other operating income
Other operating income consists of rental income recognised over the period it accrues.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2016 9,248 7,156 3,450 19,854
Additions 584 298 - 882
At 31 December 2016 9,832 7,454 3,450 20,736
DEPRECIATION
At 1 January 2016 2,696 1,501 518 4,715
Charge for year 1,070 893 439 2,402
At 31 December 2016 3,766 2,394 957 7,117
NET BOOK VALUE
At 31 December 2016 6,066 5,060 2,493 13,619
At 31 December 2015 6,552 5,655 2,932 15,139

Mellington Estates Ltd (Registered number: 07102343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 588,428
At 31 December 2016 588,428
NET BOOK VALUE
At 31 December 2016 588,428

In the opinion of the directors, the current market value of the freehold property is £588,428.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 50,472 405,310
Other debtors - 321,613
50,472 726,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 11,109 16,624
Taxation and social security 15,577 23,047
Other creditors 650,608 157,546
677,294 197,217

8. FINANCIAL COMMITMENTS

The financial commitments which are not included in the balance sheet amount to £23,000 (2015: £27,600).
These financial commitments represent the total amount of payments for leases ending in 2022.

Mellington Estates Ltd (Registered number: 07102343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. RELATED PARTY DISCLOSURES

Included within Other Creditors is a balance of £300,000 (2015 - £Nil) and £300,000 (2015 - £Nil) representing
the director's loan account of Mr A Towle and Mrs J Bruce respectively. The loans are unsecured, interest free
and repayable on demand.

The following related party transactions were made during the year at arm's length basis on a normal
commercial basis.

Sales of £1,200 were made to Miss K Findlow, daughter of Mrs J Bruce (2015 £1,450)

Sales of £1,200 were made to Mr C Findlow, son of Mrs J Bruce (2015 £1,068)

Sales of £4,255 were made to JCT Properties, a business run by Mrs J Bruce (2015 £658)

At the balance sheet date the following balances applicable to related parties were included in trade debtors:

Miss K Findlow £Nil (2015 £430)

Mr C Findlow £225 (2015 £348)

JCT Properties £1,386 (2015 £658)

Mrs J Bruce and her husband, K Bruce, £Nil (2015 £158)

Included in Trade Creditors is £Nil (2015 £2,852) in respect of expenses incurred by Mr A Towle on behalf of
the company.