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REGISTERED NUMBER: 00284227 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MALDEN MITCHAM PROPERTIES LIMITED

MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALDEN MITCHAM PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: D A S Tredinnick





SECRETARY: D A S Tredinnick





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 00284227 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,248,805 1,257,200
Investments 5 1,903,117 2,079,010
Investment property 6 2,102,700 1,602,700
5,254,622 4,938,910

CURRENT ASSETS
Stocks 11,062 40,396
Debtors 7 1,037,724 977,995
Cash at bank 22,776 23,855
1,071,562 1,042,246
CREDITORS
Amounts falling due within one year 8 560,625 563,374
NET CURRENT ASSETS 510,937 478,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,765,559

5,417,782

PROVISIONS FOR LIABILITIES 489,621 423,561
NET ASSETS 5,275,938 4,994,221

CAPITAL AND RESERVES
Called up share capital 98 98
Property revaluation reserve 9 1,738,230 1,334,523
Capital redemption reserve 2 2
Investment fair value reserve 571,904 700,792
Retained earnings 2,965,704 2,958,806
SHAREHOLDERS' FUNDS 5,275,938 4,994,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

BALANCE SHEET - continued
31ST MARCH 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 5th October 2023 and were signed by:





D A S Tredinnick - Director


MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Malden Mitcham Properties 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. 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 represents rents receivable, income from investments as well as farming income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and 5% on reducing balance

Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

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.

Fixed asset investments
Fixed asset investments are revalued annually and any surplus or deficit is dealt with through the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 1,141,660 150,816 1,292,476
DEPRECIATION
At 1st April 2022 - 35,276 35,276
Charge for year - 8,395 8,395
At 31st March 2023 - 43,671 43,671
NET BOOK VALUE
At 31st March 2023 1,141,660 107,145 1,248,805
At 31st March 2022 1,141,660 115,540 1,257,200

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 2,079,010
Additions 281,138
Disposals (386,023 )
Revaluations (71,008 )
At 31st March 2023 1,903,117
NET BOOK VALUE
At 31st March 2023 1,903,117
At 31st March 2022 2,079,010

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 March 2023 was £1,197,062 (2022: £1,213,834).

MALDEN MITCHAM PROPERTIES LIMITED (REGISTERED NUMBER: 00284227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. INVESTMENT PROPERTY

The director has carried out a valuation of the investment properties at the reporting date. The company will continue to assess the value of the investment properties held on an annual basis. The historic cost of investment properties is £9,001 (2022: £9,001).


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,328 50,400
Other debtors 998,396 927,595
1,037,724 977,995

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 509,958 490,031
Trade creditors 31,323 56,690
Taxation and social security 4,393 4,702
Other creditors 14,951 11,951
560,625 563,374

9. RESERVES
Property
revaluation
reserve
£   
At 1st April 2022 1,334,523
Movement during year 403,707

At 31st March 2023 1,738,230