IRIS Accounts Production v24.1.9.2 11116844 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111168442022-12-31111168442023-12-31111168442023-01-012023-12-31111168442021-12-31111168442022-01-012022-12-31111168442022-12-3111116844ns15:EnglandWales2023-01-012023-12-3111116844ns14:PoundSterling2023-01-012023-12-3111116844ns10:Director12023-01-012023-12-3111116844ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111116844ns10:SmallEntities2023-01-012023-12-3111116844ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111116844ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111116844ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111116844ns10:FullAccounts2023-01-012023-12-3111116844ns10:OrdinaryShareClass12023-01-012023-12-3111116844ns10:RegisteredOffice2023-01-012023-12-3111116844ns5:CurrentFinancialInstruments2023-12-3111116844ns5:CurrentFinancialInstruments2022-12-3111116844ns5:ShareCapital2023-12-3111116844ns5:ShareCapital2022-12-3111116844ns5:RetainedEarningsAccumulatedLosses2023-12-3111116844ns5:RetainedEarningsAccumulatedLosses2022-12-3111116844ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 11116844 (England and Wales)















MALGAR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MALGAR LTD (REGISTERED NUMBER: 11116844)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MALGAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A P Oldfield





REGISTERED OFFICE: Tiree
Manley Common
Frodsham
Cheshire
WA6 9ET





REGISTERED NUMBER: 11116844 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

MALGAR LTD (REGISTERED NUMBER: 11116844)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 50,000 50,000

CURRENT ASSETS
Debtors 5 - 2
Cash at bank 67,072 93,007
67,072 93,009
CREDITORS
Amounts falling due within one year 6 1,194 28,457
NET CURRENT ASSETS 65,878 64,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,878

114,552

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 115,876 114,550
SHAREHOLDERS' FUNDS 115,878 114,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 July 2024 and were signed by:



A P Oldfield - Director


MALGAR LTD (REGISTERED NUMBER: 11116844)

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

1. STATUTORY INFORMATION

Malgar Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Cash and cash equivalent
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

3. EMPLOYEES AND DIRECTORS

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

MALGAR LTD (REGISTERED NUMBER: 11116844)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 50,000
At 31 December 2022 50,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due to related parties - 983
Corporation tax 311 26,651
Directors' current accounts 383 -
Accrued expenses 500 823
1,194 28,457

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2