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REGISTERED NUMBER: 07180396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Malvern Homes Limited

Malvern Homes Limited (Registered number: 07180396)






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


Malvern Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Rahal
Dr S S Sidhu
Dr B S Sidhu





REGISTERED OFFICE: The Glebe
Church Street
Barford
Warwickshire
CV35 8BS





REGISTERED NUMBER: 07180396 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Malvern Homes Limited (Registered number: 07180396)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,502 -

CURRENT ASSETS
Stocks 4,120,674 1,788,886
Debtors 5 623,428 268,658
Cash at bank and in hand 18,084 73,264
4,762,186 2,130,808
CREDITORS
Amounts falling due within one year 6 2,287,451 575,422
NET CURRENT ASSETS 2,474,735 1,555,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,494,237

1,555,386

CREDITORS
Amounts falling due after more than one
year

7

1,061,160

32,852
NET ASSETS 1,433,077 1,522,534

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,432,977 1,522,434
SHAREHOLDERS' FUNDS 1,433,077 1,522,534

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.

Malvern Homes Limited (Registered number: 07180396)

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





D Rahal - Director


Malvern Homes Limited (Registered number: 07180396)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Malvern Homes 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 3 (2022 - 3 ) .

Malvern Homes Limited (Registered number: 07180396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 - 996 996
Additions 21,275 - 21,275
At 31 March 2023 21,275 996 22,271
DEPRECIATION
At 1 April 2022 - 996 996
Charge for year 1,773 - 1,773
At 31 March 2023 1,773 996 2,769
NET BOOK VALUE
At 31 March 2023 19,502 - 19,502
At 31 March 2022 - - -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 623,428 18,658

Amounts falling due after more than one year:
Trade debtors - 250,000

Aggregate amounts 623,428 268,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 377,500 10,000
Hire purchase contracts 5,137 -
Taxation and social security 112,671 378,255
Other creditors 1,792,143 187,167
2,287,451 575,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,054,839 32,852
Hire purchase contracts 6,321 -
1,061,160 32,852

Malvern Homes Limited (Registered number: 07180396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,432,339 42,852
Hire purchase contracts 11,458 -
1,443,797 42,852

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100