Registration number: 02905786

Mably Investment Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

Mably Investment Limited

Company Information

Director

Mrs SK Fairclough

Company secretary

Mrs SK Fairclough

Registered office

Fairoak Cottage Cefn Mably Cardiff South Wales CF3 6LP

Accountants

HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NP10 8FY

Mably Investment Limited

(Registration number: 02905786)
Abridged Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	31,200	32,644
Investment property		1,116,892	1,116,892
		1,148,092	1,149,536
Current assets
Cash at bank and in hand		62,210	39,574
Creditors: Amounts falling due within one year		(36,319)	(41,072)
Net current assets/(liabilities)		25,891	(1,498)
Total assets less current liabilities		1,173,983	1,148,038
Accruals and deferred income		(1,680)	(1,680)
Net assets		1,172,303	1,146,358
Capital and reserves
Called up share capital	5	100	100
Retained earnings		1,172,203	1,146,258
Shareholders' funds		1,172,303	1,146,358

Mably Investment Limited

(Registration number: 02905786)
Abridged Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2023
 

.........................................

Mrs SK Fairclough
Company secretary and director

Mably Investment Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Fairoak Cottage
Cefn Mably
Cardiff
South Wales
CF3 6LP

These financial statements were authorised for issue by the director on 2 October 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Mably Investment Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	10% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

Mably Investment Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2022	50,748	50,748
At 31 March 2023	50,748	50,748
Depreciation
At 1 April 2022	18,104	18,104
Charge for the year	1,444	1,444
At 31 March 2023	19,548	19,548
Carrying amount
At 31 March 2023	31,200	31,200
At 31 March 2022	32,644	32,644

Investment properties

	2023 £
At 1 April	1,116,892

There has been no valuation of investment property by an independent valuer.

The director considers that the investment property is stated at a fair value.

5	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Mably Investment Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

6	Related party transactions

Key management personnel

Relationship: Director

Summary of transactions with key management

During the year the director continued to provide the company with an unsecured, interest free, repayable on demand loan. At the balance sheet date the amount due to the director was £36,319 (2022 - £41,071)