Mallon Hind Holdings Limited 07427949 false 2022-12-31 2023-12-30 2023-12-30 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false true true true false 07427949 2022-12-31 2023-12-30 07427949 2023-12-30 07427949 bus:OrdinaryShareClass1 2023-12-30 07427949 core:CurrentFinancialInstruments 2023-12-30 07427949 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 07427949 bus:SmallEntities 2022-12-31 2023-12-30 07427949 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 07427949 bus:FilletedAccounts 2022-12-31 2023-12-30 07427949 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 07427949 bus:RegisteredOffice 2022-12-31 2023-12-30 07427949 bus:Director1 2022-12-31 2023-12-30 07427949 bus:Director2 2022-12-31 2023-12-30 07427949 bus:OrdinaryShareClass1 2022-12-31 2023-12-30 07427949 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 07427949 core:OtherRelatedParties 2022-12-31 2023-12-30 07427949 core:Subsidiary1 2022-12-31 2023-12-30 07427949 core:Subsidiary1 1 2022-12-31 2023-12-30 07427949 core:Subsidiary2 2022-12-31 2023-12-30 07427949 core:Subsidiary2 1 2022-12-31 2023-12-30 07427949 core:Subsidiary3 2022-12-31 2023-12-30 07427949 core:Subsidiary3 1 2022-12-31 2023-12-30 07427949 core:Subsidiary3 countries:AllCountries 2022-12-31 2023-12-30 07427949 1 2022-12-31 2023-12-30 07427949 countries:EnglandWales 2022-12-31 2023-12-30 07427949 core:CostValuation 2022-12-30 07427949 2021-12-31 2022-12-30 07427949 2022-12-30 07427949 bus:OrdinaryShareClass1 2022-12-30 07427949 core:CurrentFinancialInstruments 2022-12-30 07427949 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-30 07427949 core:Subsidiary1 1 2021-12-31 2022-12-30 07427949 core:Subsidiary2 1 2021-12-31 2022-12-30 07427949 core:Subsidiary3 1 2021-12-31 2022-12-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07427949

Mallon Hind Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023

 

Mallon Hind Holdings Limited

(Registration number: 07427949)
Balance Sheet as at 30 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,102

1,102

Current assets

 

Debtors

5

1,794,094

1,800,490

Cash at bank and in hand

 

147,602

148,286

 

1,941,696

1,948,776

Creditors: Amounts falling due within one year

6

(1,065)

(1,039)

Net current assets

 

1,940,631

1,947,737

Net assets

 

1,941,733

1,948,839

Capital and reserves

 

Called up share capital

102

102

Retained earnings

1,941,631

1,948,737

Shareholders' funds

 

1,941,733

1,948,839

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

 

Mallon Hind Holdings Limited

(Registration number: 07427949)
Balance Sheet as at 30 December 2023

.........................................
Mr Kevin Boyle
Director

.........................................
Mrs Alison Boyle
Director

 

Mallon Hind Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Shaftesbury Industrial Estate
Icknield Way
Letchworth
Herts
SG6 1HE

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts..

Going concern

The financial statements have been prepared on a going concern basis.

 

Mallon Hind Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

2

Accounting policies (continued)

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

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.

Trade creditors are recognised at the transaction price.

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 a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,102

1,102

 

Mallon Hind Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

4

Investments (continued)

Subsidiaries

£

Cost or valuation

At 31 December 2022

1,102

Provision

Carrying amount

At 30 December 2023

1,102

At 30 December 2022

1,102

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

M P Building Limited

Thrifty House, 4 Bilton Road, Herts

Ordinary

100%

100%

Mallon Hind Homes Limited

Thrifty House, 4 Bilton Road, Herts

Ordinary

100%

100%

Mallon Hind Properties Limited

Thrifty House, 4 Bilton Road, Herts

Ordinary

100%

100%

 

Mallon Hind Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

4

Investments (continued)

Subsidiary undertakings

M P Building Limited

The principal activity of M P Building Limited is that of building contractors.

Mallon Hind Homes Limited

The principal activity of Mallon Hind Homes Limited is dormant.

Mallon Hind Properties Limited

The principal activity of Mallon Hind Properties Limited is property rentals.

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8

1,794,094

1,800,490

   

1,794,094

1,800,490

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

66

40

Other creditors

999

999

1,065

1,039

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

102

102

102

102

         
 

Mallon Hind Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

8

Related party transactions

At the balance sheet date the company was owed £465,805 (2022: £465,805) by Mallon Hind Homes Limited, a company registered in The Republic of Ireland. Mr K Boyle and Mrs A Boyle are directors and shareholders of Mallon Hind Homes Limited.

At the balance sheet date the company was owed £818,289 (2022: £818,289) by Mallon Hind Properties Limited, £510,000 (2022: £510,000) by M P Building Limited and £0 (2022: £6,396) by M P Build Limited.

There is no interest being charged on these loans and they are repayable on demand.

 

9

Ultimate controlling party

The ultimate controlling party is Mr K Boyle and Mrs A Boyle, by virtue of their shareholding.