Silverfin false 31/03/2023 01/04/2022 31/03/2023 Julian Phillip East 01/05/2022 George Michael Thornton 12/03/2008 Arty Wadher 01/05/2022 28/02/2013 07 November 2023 The principal activity of the Company during the financial year was that of property investment and letting. 06532766 2023-03-31 06532766 bus:Director1 2023-03-31 06532766 bus:Director2 2023-03-31 06532766 bus:Director3 2023-03-31 06532766 2022-03-31 06532766 core:CurrentFinancialInstruments 2023-03-31 06532766 core:CurrentFinancialInstruments 2022-03-31 06532766 core:Non-currentFinancialInstruments 2023-03-31 06532766 core:Non-currentFinancialInstruments 2022-03-31 06532766 core:ShareCapital 2023-03-31 06532766 core:ShareCapital 2022-03-31 06532766 core:SharePremium 2023-03-31 06532766 core:SharePremium 2022-03-31 06532766 core:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 06532766 core:FurtherSpecificReserve3ComponentTotalEquity 2022-03-31 06532766 core:RetainedEarningsAccumulatedLosses 2023-03-31 06532766 core:RetainedEarningsAccumulatedLosses 2022-03-31 06532766 core:OtherPropertyPlantEquipment 2022-03-31 06532766 core:OtherPropertyPlantEquipment 2023-03-31 06532766 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 06532766 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 06532766 core:CurrentFinancialInstruments core:Secured 2023-03-31 06532766 core:MoreThanFiveYears 2023-03-31 06532766 core:MoreThanFiveYears 2022-03-31 06532766 2022-04-01 2023-03-31 06532766 bus:FullAccounts 2022-04-01 2023-03-31 06532766 bus:SmallEntities 2022-04-01 2023-03-31 06532766 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06532766 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06532766 bus:Director1 2022-04-01 2023-03-31 06532766 bus:Director2 2022-04-01 2023-03-31 06532766 bus:Director3 2022-04-01 2023-03-31 06532766 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 06532766 2021-04-01 2022-03-31 06532766 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06532766 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 06532766 (England and Wales)

MALMESBURY ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

MALMESBURY ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

MALMESBURY ESTATES LIMITED

BALANCE SHEET

As at 31 March 2023
MALMESBURY ESTATES LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 330 810
Investment property 4 2,500,000 2,500,000
2,500,330 2,500,810
Current assets
Debtors 5 454,418 426,925
Cash at bank and in hand 51,069 58,098
505,487 485,023
Creditors: amounts falling due within one year 6 ( 410,261) ( 445,344)
Net current assets 95,226 39,679
Total assets less current liabilities 2,595,556 2,540,489
Creditors: amounts falling due after more than one year 7 ( 880,999) ( 944,290)
Provision for liabilities ( 153,775) ( 153,775)
Net assets 1,560,782 1,442,424
Capital and reserves
Called-up share capital 43 43
Share premium account 39,960 39,960
Undistributable reserve 655,570 655,570
Profit and loss account 865,209 746,851
Total shareholders' funds 1,560,782 1,442,424

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Malmesbury Estates Limited (registered number: 06532766) were approved and authorised for issue by the Board of Directors on 07 November 2023. They were signed on its behalf by:

George Michael Thornton
Director
MALMESBURY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
MALMESBURY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Malmesbury Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 8 Cerne Abbas, 46 The Avenue, Poole, Dorset, BH13 6HF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 1,966 1,966
At 31 March 2023 1,966 1,966
Accumulated depreciation
At 01 April 2022 1,156 1,156
Charge for the financial year 480 480
At 31 March 2023 1,636 1,636
Net book value
At 31 March 2023 330 330
At 31 March 2022 810 810

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 2,500,000
As at 31 March 2023 2,500,000

5. Debtors

2023 2022
£ £
Trade debtors 0 8,257
Amounts owed by related parties 454,171 418,421
Other debtors 247 247
454,418 426,925

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 70,059 75,957
Trade creditors 2,911 3,946
Taxation and social security 31,751 29,276
Other creditors 305,540 336,165
410,261 445,344

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 880,999 944,290

Bank loans are secured on the properties to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2023 2022
£ £
Bank loans (secured / repayable by instalments) 388,762 409,785