Melton Industrial Park Limited - Limited company accounts 20.1

REGISTERED NUMBER: 06905331 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Melton Industrial Park Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

C Reynolds

P A Hornshaw

M Hornshaw

S Reynolds

REGISTERED OFFICE:

Redcliff Court

C/O C R Reynolds Ltd

Redcliff Road

Hessle

East Yorkshire

HU13 0EY

REGISTERED NUMBER:

06905331 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

The directors present their report with the financial statements of the company for the year ended 30 September 2021.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2020 to the date of this report.

C Reynolds

P A Hornshaw

M Hornshaw

S Reynolds

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C Reynolds - Director

15 March 2022

TURNOVER

255,237

159,699

Administrative expenses

72,122

35,725

OPERATING PROFIT

183,115

123,974

Interest receivable and similar income

10

233

PROFIT BEFORE TAXATION

183,125

124,207

Tax on profit

34,794

23,599

PROFIT FOR THE FINANCIAL YEAR

148,331

100,608

FIXED ASSETS

Tangible assets

5

250,000

250,000

CURRENT ASSETS

Debtors

6

161,479

91,079

Cash at bank

327,868

246,616

489,347

337,695

CREDITORS

Amounts falling due within one year

7

202,478

199,157

NET CURRENT ASSETS

286,869

138,538

TOTAL ASSETS LESS CURRENT LIABILITIES

536,869

388,538

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

536,865

388,534

SHAREHOLDERS' FUNDS

536,869

388,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2022 and were signed on its behalf by:

C Reynolds - Director

1.	STATUTORY INFORMATION

Melton Industrial Park Limited 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

The fixed assets are not depreciated, they are subject to an impairment review each year.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2020

and 30 September 2021

250,000

NET BOOK VALUE

At 30 September 2021

250,000

At 30 September 2020

250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

33,300

16,900

Other debtors

128,179

74,179

161,479

91,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

10,013

Taxation and social security

45,061

29,177

Other creditors

157,417

159,967

202,478

199,157