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REGISTERED NUMBER: 09461491 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MALPAS TRADING LIMITED

MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALPAS TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: P A Baigent
Ms J M Blair





REGISTERED OFFICE: Bank Gallery
13 High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 09461491 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334 99
Investment property 5 360,000 355,000
360,334 355,099

CURRENT ASSETS
Debtors 6 210 -
Cash at bank 36,986 50,277
37,196 50,277
CREDITORS
Amounts falling due within one year 7 225,200 221,542
NET CURRENT LIABILITIES (188,004 ) (171,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,330

183,834

CREDITORS
Amounts falling due after more than one
year

8

(101,300

)

(123,300

)

PROVISIONS FOR LIABILITIES (13,477 ) (12,527 )
NET ASSETS 57,553 48,007

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 57,453 65,930
Retained earnings - (18,023 )
SHAREHOLDERS' FUNDS 57,553 48,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

BALANCE SHEET - continued
28 February 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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





P A Baigent - Director


MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

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

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.

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 NIL (2022 - NIL).

MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 395
Additions 445
At 28 February 2023 840
DEPRECIATION
At 1 March 2022 296
Charge for year 210
At 28 February 2023 506
NET BOOK VALUE
At 28 February 2023 334
At 28 February 2022 99

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 355,000
Revaluations 5,000
At 28 February 2023 360,000
NET BOOK VALUE
At 28 February 2023 360,000
At 28 February 2022 355,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 360,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 210 -

MALPAS TRADING LIMITED (REGISTERED NUMBER: 09461491)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 754 -
Other creditors 224,446 221,542
225,200 221,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 101,300 123,300

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022 65,930
Revaluation reserve (8,477 )

At 28 February 2023 57,453

10. RELATED PARTY DISCLOSURES

At 28 February 2023 other creditors includes loans made to the company by P A Baigent, a director, of £33,097 (2022 £33,763) and a loan to the company by J Blair, a director, of £39,602 (2022 £39,602). The loans are interest free with no fixed date for repayment.

At 28 February 2023 other creditors includes loans made to the company by Malpas Executive Limited £100,325 (2022 £100,325), a company that is controlled by P A Baigent a director and shareholder. The loans are interest free with no fixed date for repayment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.