Registered number
11456927
MALWA INVESTMENTS LTD
Filleted Accounts
31 July 2023
MALWA INVESTMENTS LTD
Registered number: 11456927
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 423,092 423,092
Current assets
Debtors 4 41,000 75,000
Cash at bank and in hand 2,003 13,767
43,003 88,767
Creditors: amounts falling due within one year 5 (44,736) (96,283)
Net current liabilities (1,733) (7,516)
Total assets less current liabilities 421,359 415,576
Creditors: amounts falling due after more than one year 6 (434,325) (430,454)
Net liabilities (12,966) (14,878)
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,967) (14,879)
Shareholder's funds (12,966) (14,878)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S S DHALIWAL
Director
Approved by the board on 18 September 2024
MALWA INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% reducing balance
Fixtures, fittings, tools and equipment 18% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 423,092
At 31 July 2023 423,092
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 423,092
At 31 July 2022 423,092
4 Debtors 2023 2022
£ £
Other debtors 41,000 75,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 9,210
Taxation and social security costs - 659
Other creditors 44,736 86,414
44,736 96,283
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 434,325 430,454
7 Other information
MALWA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
211 Station Road
Harrow
Middlesex
HA1 2TP
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