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REGISTERED NUMBER: 12263841 (England and Wales)




















Financial Statements

for the Period

1 November 2022 to 30 June 2023

for

MAHALO LTD

MAHALO LTD (REGISTERED NUMBER: 12263841)






Contents of the Financial Statements
for the Period 1 November 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAHALO LTD

Company Information
for the Period 1 November 2022 to 30 June 2023







DIRECTORS: Miss T C Yuen
Mrs J R O Yuen





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12263841 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

MAHALO LTD (REGISTERED NUMBER: 12263841)

Balance Sheet
30 June 2023

30.6.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,074 10,611
Tangible assets 5 - 2,205
Investment property 6 - 135,000
7,074 147,816

CURRENT ASSETS
Debtors 7 - 736
Cash at bank 39,241 36,448
39,241 37,184
CREDITORS
Amounts falling due within one year 8 (139,229 ) (268,686 )
NET CURRENT LIABILITIES (99,988 ) (231,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,914

)

(83,686

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (93,014 ) (83,786 )
SHAREHOLDERS' FUNDS (92,914 ) (83,686 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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 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 Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:



Miss T C Yuen - Director


MAHALO LTD (REGISTERED NUMBER: 12263841)

Notes to the Financial Statements
for the Period 1 November 2022 to 30 June 2023

1. STATUTORY INFORMATION

Mahalo LTD 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

3. EMPLOYEES AND DIRECTORS

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

MAHALO LTD (REGISTERED NUMBER: 12263841)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 June 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 30 June 2023 26,529
AMORTISATION
At 1 November 2022 15,918
Charge for period 3,537
At 30 June 2023 19,455
NET BOOK VALUE
At 30 June 2023 7,074
At 31 October 2022 10,611

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022 8,817
Disposals (8,817 )
At 30 June 2023 -
DEPRECIATION
At 1 November 2022 6,612
Charge for period 919
Eliminated on disposal (7,531 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 31 October 2022 2,205

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 135,000
Disposals (135,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 31 October 2022 135,000

MAHALO LTD (REGISTERED NUMBER: 12263841)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.10.22
£    £   
Other debtors - 736

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.10.22
£    £   
Trade creditors 1,800 -
Taxation and social security 2,854 2,791
Other creditors 134,575 265,895
139,229 268,686

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 31.10.22
value: £    £   
100 Ordinary 1 100 100