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REGISTERED NUMBER: 11179094 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

Malvern Lynch Property Limited

Malvern Lynch Property Limited (Registered number: 11179094)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Malvern Lynch Property Limited

Company Information
for the Year Ended 31st January 2023







DIRECTOR: D P Lynch





REGISTERED OFFICE: 22 Roman Way
St Margarets-At-Cliffe
Dover
CT15 6AH





REGISTERED NUMBER: 11179094 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Malvern Lynch Property Limited (Registered number: 11179094)

Balance Sheet
31st January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 290,000 280,000

CURRENT ASSETS
Debtors 4 41,560 43,000
Cash at bank 1,301 3,218
42,861 46,218
CREDITORS
Amounts falling due within one year 5 (47,975 ) (50,310 )
NET CURRENT LIABILITIES (5,114 ) (4,092 )
TOTAL ASSETS LESS CURRENT LIABILITIES 284,886 275,908

CREDITORS
Amounts falling due after more than one
year

6

(164,517

)

(166,156

)

PROVISIONS FOR LIABILITIES 8 (22,926 ) (21,026 )
NET ASSETS 97,443 88,726

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 97,737 89,637
Retained earnings (394 ) (1,011 )
97,443 88,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Malvern Lynch Property Limited (Registered number: 11179094)

Balance Sheet - continued
31st January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd October 2023 and were signed by:





D P Lynch - Director


Malvern Lynch Property Limited (Registered number: 11179094)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Malvern Lynch Property Limited (Registered number: 11179094)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st February 2022 280,000
Revaluations 10,000
At 31st January 2023 290,000
NET BOOK VALUE
At 31st January 2023 290,000
At 31st January 2022 280,000

Cost or valuation at 31st January 2023 is represented by:

Freehold
property
£   
Valuation in 2020 40,663
Valuation in 2021 70,000
Valuation in 2023 10,000
Cost 169,337
290,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 41,560 43,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,600 1,600
Tax - 701
Other creditors 3,999 4,000
Directors' current accounts 42,376 43,289
Accrued expenses - 720
47,975 50,310

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bounceback loan 3,867 5,467
Other creditors 160,650 160,689
164,517 166,156

Malvern Lynch Property Limited (Registered number: 11179094)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 160,650 160,689

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 22,926 21,026

Deferred
tax
£   
Balance at 1st February 2022 21,026
Provided during year 1,900
Balance at 31st January 2023 22,926

9. RESERVES
Fair
value
reserve
£   
At 1st February 2022 89,637
Non-distributable reserve 8,100

At 31st January 2023 97,737