Company registration number 06923801 (England and Wales)
MALLARD MANAGEMENT (2009) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
MALLARD MANAGEMENT (2009) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MALLARD MANAGEMENT (2009) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
80,297
81,747
Current assets
Debtors
5
148,797
120,980
Cash at bank and in hand
144,563
52,003
293,360
172,983
Creditors: amounts falling due within one year
6
(170,744)
(82,293)
Net current assets
122,616
90,690
Net assets
202,913
172,437
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
201,913
171,437
Total equity
202,913
172,437

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 7 March 2024 and are signed on its behalf by:
..............................................
Mr R Hirst
Director
Company registration number 06923801 (England and Wales)
MALLARD MANAGEMENT (2009) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Mallard Management (2009) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Greenhead Road, Huddersfield, West Yorkshire, HD1 4EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
Not depreciated
Plant and equipment
20% on cost
Fixtures and fittings
15% Reducing balance
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MALLARD MANAGEMENT (2009) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MALLARD MANAGEMENT (2009) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
4
Tangible fixed assets
Freehold land
Plant and equipment
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 1 July 2022
70,272
28,469
35,063
2,062
135,866
Additions
-
0
-
0
-
0
525
525
At 30 June 2023
70,272
28,469
35,063
2,587
136,391
Depreciation and impairment
At 1 July 2022
-
0
28,287
23,770
2,062
54,119
Depreciation charged in the year
-
0
109
1,691
175
1,975
At 30 June 2023
-
0
28,396
25,461
2,237
56,094
Carrying amount
At 30 June 2023
70,272
73
9,602
350
80,297
At 30 June 2022
70,272
182
11,293
-
0
81,747
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
145,090
120,394
Other debtors
3,707
586
148,797
120,980
MALLARD MANAGEMENT (2009) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
51,064
26,932
Taxation and social security
-
0
17,803
Accruals and deferred income
119,680
37,558
170,744
82,293
7
Related party transactions

Shareholders of the company

The shareholders of the company are restricted to entities which carry out their business from units within Mallard Industrial Park.

The company is responsible for the management, utilities and security of all areas of Mallard Industrial Park that are the joint responsibility of the owner and shareholders. Income arises from the amounts invoiced to the shareholders and are fully reflected in the accounts. At the balance sheet date the amount due from shareholders of the company was £145,090 (2022: £120,394).

2023-06-302022-07-01false07 March 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr R A JonesMr R HirstMr R A JonesMrs Helen MayMr K A Wilbraham069238012022-07-012023-06-30069238012023-06-30069238012022-06-3006923801core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-3006923801core:PlantMachinery2023-06-3006923801core:FurnitureFittings2023-06-3006923801core:ComputerEquipment2023-06-3006923801core:LandBuildingscore:OwnedOrFreeholdAssets2022-06-3006923801core:PlantMachinery2022-06-3006923801core:FurnitureFittings2022-06-3006923801core:ComputerEquipment2022-06-3006923801core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3006923801core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3006923801core:CurrentFinancialInstruments2023-06-3006923801core:CurrentFinancialInstruments2022-06-3006923801core:ShareCapital2023-06-3006923801core:ShareCapital2022-06-3006923801core:RetainedEarningsAccumulatedLosses2023-06-3006923801core:RetainedEarningsAccumulatedLosses2022-06-3006923801bus:Director22022-07-012023-06-3006923801core:LandBuildingscore:OwnedOrFreeholdAssets2022-07-012023-06-3006923801core:PlantMachinery2022-07-012023-06-3006923801core:FurnitureFittings2022-07-012023-06-3006923801core:ComputerEquipment2022-07-012023-06-30069238012021-07-012022-06-3006923801core:LandBuildingscore:OwnedOrFreeholdAssets2022-06-3006923801core:PlantMachinery2022-06-3006923801core:FurnitureFittings2022-06-3006923801core:ComputerEquipment2022-06-30069238012022-06-3006923801core:WithinOneYear2023-06-3006923801core:WithinOneYear2022-06-3006923801bus:PrivateLimitedCompanyLtd2022-07-012023-06-3006923801bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3006923801bus:FRS1022022-07-012023-06-3006923801bus:AuditExemptWithAccountantsReport2022-07-012023-06-3006923801bus:Director12022-07-012023-06-3006923801bus:Director32022-07-012023-06-3006923801bus:Director42022-07-012023-06-3006923801bus:Director52022-07-012023-06-3006923801bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP