Registration number:
Mallon Hind Holdings Limited
for the Year Ended 30 December 2023
Mallon Hind Holdings Limited
(Registration number: 07427949)
Balance Sheet as at 30 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
102 |
102 |
|
Retained earnings |
1,941,631 |
1,948,737 |
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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:
• |
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• |
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
Mallon Hind Holdings Limited
(Registration number: 07427949)
Balance Sheet as at 30 December 2023
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Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023
4 |
Investments (continued) |
Subsidiaries |
£ |
Cost or valuation |
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At 31 December 2022 |
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Provision |
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Carrying amount |
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At 30 December 2023 |
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At 30 December 2022 |
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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 |
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2023 |
2022 |
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Subsidiary undertakings |
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Thrifty House, 4 Bilton Road, Herts |
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Thrifty House, 4 Bilton Road, Herts |
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Thrifty House, 4 Bilton Road, Herts |
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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 |
Mallon Hind Homes Limited The principal activity of Mallon Hind Homes Limited is |
Mallon Hind Properties Limited The principal activity of Mallon Hind Properties Limited is |
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
|
102 |
|
102 |
Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023
Related party transactions |
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.
Ultimate controlling party |
The ultimate controlling party is