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REGISTERED NUMBER: 11090540 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Malhi Capital Investments Ltd

Malhi Capital Investments Ltd (Registered number: 11090540)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Malhi Capital Investments Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: H K Malhi
J Malhi





REGISTERED OFFICE: 43 Wood Lane
Sutton Coldfield
B74 3LP





REGISTERED NUMBER: 11090540 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Malhi Capital Investments Ltd (Registered number: 11090540)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,238 4,317
Tangible assets 5 23,696 32,485
Investment property 6 1,330,000 1,890,000
1,356,934 1,926,802

CURRENT ASSETS
Debtors 7 264,607 -
Cash at bank 7,830 55,277
272,437 55,277
CREDITORS
Amounts falling due within one year 8 220,009 233,541
NET CURRENT ASSETS/(LIABILITIES) 52,428 (178,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,409,362

1,748,538

CREDITORS
Amounts falling due after more than one
year

9

(1,222,312

)

(1,620,082

)

PROVISIONS FOR LIABILITIES (22,452 ) (43,433 )
NET ASSETS 164,598 85,023

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 67,357 276,376
Retained earnings 97,141 (191,453 )
164,598 85,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Malhi Capital Investments Ltd (Registered number: 11090540)

Balance Sheet - continued
30 November 2023


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 Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





J Malhi - Director


Malhi Capital Investments Ltd (Registered number: 11090540)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Malhi Capital Investments 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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.


Malhi Capital Investments Ltd (Registered number: 11090540)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2022
and 30 November 2023 5,396
AMORTISATION
At 1 December 2022 1,079
Amortisation for year 1,079
At 30 November 2023 2,158
NET BOOK VALUE
At 30 November 2023 3,238
At 30 November 2022 4,317

Malhi Capital Investments Ltd (Registered number: 11090540)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 43,946
DEPRECIATION
At 1 December 2022 11,461
Charge for year 8,789
At 30 November 2023 20,250
NET BOOK VALUE
At 30 November 2023 23,696
At 30 November 2022 32,485

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,890,000
Disposals (675,000 )
Revaluations 115,000
At 30 November 2023 1,330,000
NET BOOK VALUE
At 30 November 2023 1,330,000
At 30 November 2022 1,890,000

The fair value of the property at 30 November 2023 has been arrived at on the basis of a valuation carried out at that date by directors of the company, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of the rental market in the area where the property is situated.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 264,607 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Rent deposits - 3,032
Eruditus Limited - 15,000
Directors' current accounts 218,929 214,429
Accrued expenses 1,080 1,080
220,009 233,541

Malhi Capital Investments Ltd (Registered number: 11090540)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yr by instal 1,222,312 1,620,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,222,312 1,620,082

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,222,312 1,620,082

The bank loans are secured by a fixed and floating charge over the company's assets.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed Mr and Mrs Malhi, the directors of the company, £218,930 (2022: £214,430) at the year end. This is included in Creditors. This loan is interest free and is repayable on demand.

12. RELATED PARTY DISCLOSURES

On 9 November 2023, the Company approved the transfer of the freehold property located at 41 Selly Hill Road, Birmingham, B29 7DL, to its immediate parent company, Malhi Capital Holdings Ltd (MCHL). The total consideration for the transfer was £675,000, which includes the assumption by MCHL of the mortgage liability amounting to £410,393.

The property was independently valued by Strutt & Parker on 20 September 2023.

This transaction has been recorded in the financial statements, with the difference between the property value and the mortgage liability reflected in the intercompany loan account.

13. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Malhi Capital Holdings Ltd, a company registered in England and Wales, which holds 100% of the issued share capital of the company.