Company registration number: NI026008
Melvin Enterprises Ltd Company limited by guarantee
Unaudited financial statements
31 October 2025
Melvin Enterprises Ltd Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Accountants report | 3 |
| Statement of comprehensive income | 4 |
| Statement of financial position | 5 - 6 |
| Statement of changes in equity | 7 |
| Notes to the financial statements | 8 - 11 |
Melvin Enterprises Ltd Company limited by guarantee
Directors and other information
| Directors | Mr Brendan Feely |
|---|---|
| Mr Peter Ferguson | |
| Mr Michael Gilroy | |
| Ms Louise Leonard | |
| Mr Pat Eston | |
| Mr Emmet McNulty | |
| Mr Sean Rasdale | |
| Mr Ben Kelly | |
| Company number | NI026008 |
| Registered office | Main Street |
| Garrison | |
| Co.Fermanagh | |
| BT93 4ER | |
| Accountants | Gerard O'Brien & Co |
| 27 Main Street | |
| Belleek | |
| Co.Fermanagh | |
| BT93 3FY | |
| Bankers | Bank of Ireland |
| Main Street | |
| Belleek | |
| Co.Fermanagh | |
| BT93 3FY | |
| Solicitors | Maguire & Corrigan |
| 20 East Bridge Street | |
| Enniskillen | |
| Co.Fermanagh | |
| BT74 7BT |
Melvin Enterprises Ltd Company limited by guarantee
Directors report Year ended 31 October 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 October 2025.
Directors
The directors who served the company during the year were as follows:
Mr Brendan Feely Mr Peter Ferguson Mr Michael Gilroy Ms Louise Leonard Mr Pat Eston Mr Emmet McNulty Mr Sean Rasdale Mr Ben Kelly
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 November 2025 and signed on behalf of the board by:
Mr Brendan Feely Director
Mr Michael Gilroy Director
Melvin Enterprises Ltd Company limited by guarantee
Report to the board of directors on the preparation of the unaudited statutory financial statements of Melvin Enterprises Ltd Year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Melvin Enterprises Ltd for the year ended 31 October 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Melvin Enterprises Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Melvin Enterprises Ltd and state those matters that we have agreed to state to the board of directors of Melvin Enterprises Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Melvin Enterprises Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Melvin Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Melvin Enterprises Ltd. You consider that Melvin Enterprises Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Melvin Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerard O'Brien & Co Accountants
27 Main Street Belleek Co.Fermanagh BT93 3FY
21 December 2005
Melvin Enterprises Ltd Company limited by guarantee
Statement of comprehensive income Year ended 31 October 2025
| Note Turnover Cost of sales Gross profit Administrative expenses Operating profit/(loss) Profit/(loss) before taxation 5 Tax on profit/(loss) Profit/(loss) for the financial year and total comprehensive income |
2025 £ 25,798 ) (12,946 12,852 ) (10,228 2,624 2,624 - 2,624 |
2024 £ 13,105 ) (10,968 2,137 ) (7,028 ) (4,891 ) (4,891 - ) (4,891 |
|---|---|---|
All the activities of the company are from continuing operations.
The notes on pages 8 to 11 form part of these financial statements.
Melvin Enterprises Ltd Company limited by guarantee
Statement of financial position 31 October 2025
| Note Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 9 Net assets Capital and reserves Revaluation reserve Profit and loss account Members funds |
2025 £ £ 279,676 279,676 2,086 22,676 24,762 ) (8,188 16,574 296,250 ) (160,989 135,261 72,438 62,823 135,261 |
2024 £ £ 291,526 291,526 1,362 17,606 18,968 ) (8,438 10,530 302,056 ) (169,419 132,637 72,438 60,199 132,637 |
|---|---|---|
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 8 to 11 form part of these financial statements.
Melvin Enterprises Ltd Company limited by guarantee
Statement of financial position (continued)
31 October 2025
These financial statements were approved by the board of directors and authorised for issue on 21 November 2025, and are signed on behalf of the board by:
Mr Brendan Feely Director
Mr Michael Gilroy Director
Company registration number: NI026008
The notes on pages 8 to 11 form part of these financial statements.
Melvin Enterprises Ltd Company limited by guarantee
Statement of changes in equity Year ended 31 October 2025
| Revaluation reserve Profit and loss account £ £ At 1 November 2023 72,438 65,090 Profit/(loss) for the year ) (4,891 Total comprehensive income for the year - ) (4,891 At 31 October 2024 and 1 November 2024 72,438 60,199 Profit/(loss) for the year 2,624 Total comprehensive income for the year - 2,624 At 31 October 2025 72,438 62,823 |
Total £ 137,528 ) (4,891 ) (4,891 132,637 2,624 2,624 135,261 |
|---|---|
Melvin Enterprises Ltd Company limited by guarantee
Notes to the financial statements Year ended 31 October 2025
1. General information
The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is Main Street, Garrison, Co.Fermanagh, BT93 4ER.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Melvin Enterprises Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 October 2025
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Melvin Enterprises Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 October 2025
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital.
5. Profit/loss before taxation
Profit/loss before taxation is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible assets | 14,275 | 13,683 |
Melvin Enterprises Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 October 2025
6. Tangible assets
| Freehold property Fixtures, fittings and equipment £ £ Cost At 1 November 2024 618,497 52,922 Additions - 2,425 At 31 October 2025 618,497 55,347 Depreciation At 1 November 2024 334,880 45,013 Charge for the year 12,370 1,905 At 31 October 2025 347,250 46,918 Carrying amount At 31 October 2025 271,247 8,429 At 31 October 2024 283,617 7,909 7. Debtors 2025 £ Trade debtors - Other debtors 2,086 2,086 8. Creditors: amounts falling due within one year 2025 £ Corporation tax - Other creditors 8,188 8,188 9. Creditors: amounts falling due after more than one year 2025 £ Other creditors 160,989 |
Total £ 671,419 2,425 |
|---|---|
| 673,844 | |
| 379,893 14,275 |
|
| 394,168 | |
| 279,676 | |
| 291,526 | |
| 2024 £ 1,362 - |
|
| 1,362 | |
| 2024 £ 200 8,238 |
|
| 8,438 | |
| 2024 £ 169,419 |
Melvin Enterprises Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
Melvin Enterprises Ltd Company limited by guarantee
Detailed income statement Year ended 31 October 2025
| Turnover Rental Income FDC - contribution to running costs DAERA grant Other grants Received Cost of sales Repairs and Maintenance Light, heat and power Rates/Water Rates Insurance Gross profit Gross profit percentage Overheads Administrative expenses Cleaning Printing, postage and stationery Telephone Accountancy fees Bank charges Bad debts General expenses Subscriptions Depreciation of tangible assets Amortisation of Government Grants Operating profit/(loss) Operating profit/(loss) percentage Profit/(loss) before taxation |
2025 £ 19,036 1,427 3,930 1,405 25,798 ) (4,090 ) (4,932 ) (1,004 ) (2,920 ) (12,946 12,852 % 49.8 ) (1,314 ) (270 ) (336 ) (730 ) (151 ) (1,362 ) (170 ) (50 ) (14,275 8,430 ) (10,228 2,624 % 10.2 2,624 |
2024 £ 12,160 945 - - 13,105 ) (2,145 ) (4,814 ) (1,460 ) (2,549 ) (10,968 2,137 % 16.3 ) (404 - - ) (780 ) (170 - ) (212 ) (209 ) (13,683 8,430 ) (7,028 ) (4,891 % 37.3 ) (4,891 |
|---|---|---|