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REGISTERED NUMBER: 13185520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MALVERN FREEHOLDS LTD

MALVERN FREEHOLDS LTD (REGISTERED NUMBER: 13185520)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


MALVERN FREEHOLDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: H Kaveh Baghbadrani





REGISTERED OFFICE: 253 Wells Road
Malvern
Worcestershire
WR14 4JF





REGISTERED NUMBER: 13185520 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

MALVERN FREEHOLDS LTD (REGISTERED NUMBER: 13185520)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 602,848 602,848

CURRENT ASSETS
Debtors 3,096 3,096

CREDITORS
Amounts falling due within one year (165,398 ) (167,138 )
NET CURRENT LIABILITIES (162,302 ) (164,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,546

438,806

CREDITORS
Amounts falling due after more than
one year

5

(439,020

)

(439,020

)
NET ASSETS/(LIABILITIES) 1,526 (214 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,525 (215 )
SHAREHOLDERS' FUNDS 1,526 (214 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MALVERN FREEHOLDS LTD (REGISTERED NUMBER: 13185520)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





H Kaveh Baghbadrani - Director


MALVERN FREEHOLDS LTD (REGISTERED NUMBER: 13185520)

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

1. STATUTORY INFORMATION

Malvern Freeholds 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.

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.

An amount equal to any upwards revaluation, net of the associated provision for deferred taxation, is transferred to a non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 602,848
NET BOOK VALUE
At 31 August 2023 602,848
At 31 August 2022 602,848

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.8.23 31.8.22
£    £   
Repayable otherwise than by instalments
Mortgage 439,020 439,020

MALVERN FREEHOLDS LTD (REGISTERED NUMBER: 13185520)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 439,020 439,020

The bank holds a fixed charge over the company's investment property as security for its advance.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Crystalight Limited
Company under common control
During the year Crystalight Limited collected rents and paid expenses on the company's behalf. At the year end there was a balance owed to Crystalight Limited of £154,983 (2022: £163,087), which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

Abbey College in Malvern Limited
Company under common control
During the year Abbey College in Malvern Limited made a management charge to the company of £6,000 on an arms length basis. At the year end this company owed Abbey College in Malvern Limited £6,000, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.