Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05332023-04-06falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09564644 2023-04-06 2024-04-05 09564644 2022-04-06 2023-04-05 09564644 2024-04-05 09564644 2023-04-05 09564644 c:Director2 2023-04-06 2024-04-05 09564644 d:CurrentFinancialInstruments 2024-04-05 09564644 d:CurrentFinancialInstruments 2023-04-05 09564644 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 09564644 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 09564644 d:ShareCapital 2024-04-05 09564644 d:ShareCapital 2023-04-05 09564644 d:OtherMiscellaneousReserve 2023-04-06 2024-04-05 09564644 d:OtherMiscellaneousReserve 2024-04-05 09564644 d:OtherMiscellaneousReserve 2023-04-05 09564644 d:RetainedEarningsAccumulatedLosses 2023-04-06 2024-04-05 09564644 d:RetainedEarningsAccumulatedLosses 2024-04-05 09564644 d:RetainedEarningsAccumulatedLosses 2023-04-05 09564644 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-05 09564644 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-05 09564644 c:FRS102 2023-04-06 2024-04-05 09564644 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 09564644 c:FullAccounts 2023-04-06 2024-04-05 09564644 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 09564644 2 2023-04-06 2024-04-05 09564644 6 2023-04-06 2024-04-05 09564644 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: 09564644










MALVONNE INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2024

 
MALVONNE INVESTMENTS LIMITED
REGISTERED NUMBER: 09564644

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,682,707
2,655,144

  
2,682,707
2,655,144

Current assets
  

Debtors: amounts falling due within one year
 5 
107,320
54,681

Cash at bank and in hand
  
12,150
39,835

  
119,470
94,516

Creditors: amounts falling due within one year
 6 
(2,216,239)
(2,199,119)

Net current liabilities
  
 
 
(2,096,769)
 
 
(2,104,603)

Total assets less current liabilities
  
585,938
550,541

Provisions for liabilities
  

Deferred tax
  
(16,291)
-

  
 
 
(16,291)
 
 
-

Net assets
  
569,647
550,541


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 8 
160,824
-

Profit and loss account
 8 
408,723
550,441

  
569,647
550,541


Page 1

 
MALVONNE INVESTMENTS LIMITED
REGISTERED NUMBER: 09564644
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Strauss
Director
Date: 27 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MALVONNE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Malvonne Investments Limited us a private company limited by share capital, incorporated in England and
Wales, registration number 09564644. The address of the registered office is 14th Floor, 33 Cavendish
Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MALVONNE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MALVONNE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

 

Page 5

 
MALVONNE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

4.


Fixed asset investments





Listed investments

£



Valuation


At 6 April 2023
2,655,143


Additions
2,648,125


Disposals
(2,797,676)


Revaluations
177,115



At 5 April 2024
2,682,707




Page 6

 
MALVONNE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
107,320
54,681



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,201
1,879

Other creditors
2,209,838
2,187,838

Accruals and deferred income
2,200
9,402

2,216,239
2,199,119



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,694,857
2,694,978




Financial assets measured at fair value through profit or loss comprise...


8.


Reserves

Other reserves

The other reserves comprise the balance of revaluations relating to the investment portfolio net of deferred tax on the gain.

Profit and loss account

The profit and loss account comprise the balance of profits accumulated over the life of the company.


9.


Related party transactions

Included in other creditors is an interest free loan repayable on demand to the value of £2,187,838 (2023 - £2,187,838) due to the directors of the company.

 
Page 7