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REGISTERED NUMBER: 00375130 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

MAHDLO INVESTMENTS LIMITED

MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAHDLO INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: J R Hobman
W Hobman





SECRETARY: J R Hobman





REGISTERED OFFICE: C/O Ground Floor St Paul's House
23 Park Square South
Leeds
West Yorkshire
LS1 2ND





REGISTERED NUMBER: 00375130 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

BALANCE SHEET
5 APRIL 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,023 1,679
Investments 5 249,852 249,852
Investment property 6 1,505,000 1,505,000
1,755,875 1,756,531

CURRENT ASSETS
Debtors 7 388,462 375,754
Cash at bank and in hand 375,723 302,808
764,185 678,562
CREDITORS
Amounts falling due within one year 8 317,031 301,759
NET CURRENT ASSETS 447,154 376,803
TOTAL ASSETS LESS CURRENT LIABILITIES 2,203,029 2,133,334

PROVISIONS FOR LIABILITIES 7,500 7,500
NET ASSETS 2,195,529 2,125,834

CAPITAL AND RESERVES
Called up share capital 16,008 16,008
Retained earnings 9 2,179,521 2,109,826
SHAREHOLDERS' FUNDS 2,195,529 2,125,834

MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

BALANCE SHEET - continued
5 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 2 November 2023 and were signed on its behalf by:





J R Hobman - Director


MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023


1. STATUTORY INFORMATION

Mahdlo Investments 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.

The principal activity of the company during the year was property letting.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.


MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 14,127
DEPRECIATION
At 6 April 2022 12,448
Charge for year 656
At 5 April 2023 13,104
NET BOOK VALUE
At 5 April 2023 1,023
At 5 April 2022 1,679

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 6 April 2022
and 5 April 2023 249,852
NET BOOK VALUE
At 5 April 2023 249,852
At 5 April 2022 249,852

MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 1,505,000
NET BOOK VALUE
At 5 April 2023 1,505,000
At 5 April 2022 1,505,000

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2023 926,265
Cost 578,735
1,505,000

If the investment properties had not been revalued they would have been included at the following historical cost:

5.4.23 5.4.22
£    £   
Cost 578,735 578,735

Investment property was valued on an open market basis on 5 April 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 27,636 22,428
Other debtors 360,826 353,326
388,462 375,754

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Amounts owed to group undertakings 248,035 247,729
Taxation and social security 19,208 14,120
Other creditors 49,788 39,910
317,031 301,759

9. RESERVES

Included within retained earnings at 5 April 2023 is a non-distributable amount in the sum of £916,765 (2022: £918,765) in relation to unrealised gains net of taxation on revaluation of the company's properties.

MAHDLO INVESTMENTS LIMITED (REGISTERED NUMBER: 00375130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


10. RELATED PARTY DISCLOSURES

At 5 April 2023 the company owed £248,035 (2022- £247,729) to Soro UK Limited, a subsidiary undertaking.

At 5 April 2023 the company was owed £319,856 (2022 - £319,856) by the Estate of M K Oldham, a shareholder.

At 5 April 2023 the company was owed £32,093 (2022- £32,093) by Hobco Limited, a company under common control.