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REGISTERED NUMBER: SC334619 (Scotland)



















MLRK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






MLRK LIMITED (REGISTERED NUMBER: SC334619)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLRK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr Kieran Fallon
Mrs Mary Graham Fallon





SECRETARY: Mrs Mary Graham Fallon





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC334619 (Scotland)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

MLRK LIMITED (REGISTERED NUMBER: SC334619)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 77,550 108,718

CURRENT ASSETS
Debtors 5 4,803 7,130
Cash at bank 1,938 78
6,741 7,208
CREDITORS
Amounts falling due within one year 6 1,026 1,091
NET CURRENT ASSETS 5,715 6,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,265

114,835

PROVISIONS FOR LIABILITIES - 1,131
NET ASSETS 83,265 113,704

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 83,165 113,604
SHAREHOLDERS' FUNDS 83,265 113,704

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

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

MLRK LIMITED (REGISTERED NUMBER: SC334619)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Dr Kieran Fallon - Director


MLRK LIMITED (REGISTERED NUMBER: SC334619)

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


1. STATUTORY INFORMATION

MLRK Limited is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

Investments
Investments are initially recognised at transaction price. At the end of each reporting period investments are measured at fair value with changes in the fair value recognised in the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MLRK LIMITED (REGISTERED NUMBER: SC334619)

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


4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 108,718
Additions 10,060
Disposals (33,721 )
Revaluations (7,507 )
At 31 March 2023 77,550
NET BOOK VALUE
At 31 March 2023 77,550
At 31 March 2022 108,718

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2023 77,550

If listed investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 79,102 102,763

Listed investments were valued on an open market basis on 5 April 2023 by Quilter Cheviot .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,508 7,130
Deferred tax asset 295 -
4,803 7,130

MLRK LIMITED (REGISTERED NUMBER: SC334619)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 71
Accruals and deferred income 1,026 1,020
1,026 1,091

The directors' loan was interest free and repayable on demand.

7. RESERVES
Retained
earnings
£   

At 1 April 2022 113,604
Deficit for the year (10,439 )
Dividends (20,000 )
At 31 March 2023 83,165

8. RELATED PARTY DISCLOSURES

The loan balance due to the directors amounted to nil (2022: £71) at the year end.