Caseware UK (AP4) 2022.0.179 2022.0.179 2024-03-312024-03-31true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01No description of principal activity1false 10555256 2023-04-01 2024-03-31 10555256 2022-04-01 2023-03-31 10555256 2024-03-31 10555256 2023-03-31 10555256 c:Director1 2023-04-01 2024-03-31 10555256 d:CurrentFinancialInstruments 2024-03-31 10555256 d:CurrentFinancialInstruments 2023-03-31 10555256 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10555256 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10555256 d:ShareCapital 2024-03-31 10555256 d:ShareCapital 2023-03-31 10555256 d:RetainedEarningsAccumulatedLosses 2024-03-31 10555256 d:RetainedEarningsAccumulatedLosses 2023-03-31 10555256 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 10555256 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 10555256 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10555256 c:OrdinaryShareClass1 2024-03-31 10555256 c:OrdinaryShareClass1 2023-03-31 10555256 c:FRS102 2023-04-01 2024-03-31 10555256 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10555256 c:FullAccounts 2023-04-01 2024-03-31 10555256 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10555256 2 2023-04-01 2024-03-31 10555256 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10555256









MALABAR HILL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MALABAR HILL INVESTMENTS LIMITED
REGISTERED NUMBER: 10555256

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
-
1,295

Cash at bank and in hand
 5 
-
820,059

  
-
821,354

Creditors: amounts falling due within one year
  
-
(821,930)

Net current assets/(liabilities)
  
 
 
-
 
 
(576)

Total assets less current liabilities
  
-
(576)

  

Net assets/(liabilities)
  
-
(576)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(1)
(577)

  
-
(576)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 April 2024.

Neha S Hirananani
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MALABAR HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private limited company, limited by share capital and incorporated in England and Wales. The registered office is 4-6 York Street, London W1U 6QD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
MALABAR HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
MALABAR HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
-
1,295

-
1,295



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
820,059

-
820,059


Page 4

 
MALABAR HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,893

Amounts owed to group undertakings
-
5,920

Other creditors
-
809,117

Accruals and deferred income
-
4,000

-
821,930



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
-
820,059




Financial assets measured at fair value through profit or loss comprise cash at bank.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

The company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies wholly owned within the Group.
Included within creditors is £nil (2023: £5,920) due to its parent company and £nil (2023: £1,080) due to a connected company.
The company's immediate parent company is Sixty Seven Grosvenor Limited incorporated in England and Wales whose financial statements are available upon request from the registered office of the company.

 
Page 5