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Registered number: 07215711
Malleon Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Richard Riley & Associates Ltd
Unit 37d Monument Park
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07215711
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (2 ) (2 )
Investments 5 150,000 150,000
149,998 149,998
CURRENT ASSETS
Debtors 6 - (3,360 )
Cash at bank and in hand 102,943 181,853
102,943 178,493
Creditors: Amounts Falling Due Within One Year 7 (29,526 ) (34,526 )
NET CURRENT ASSETS (LIABILITIES) 73,417 143,967
TOTAL ASSETS LESS CURRENT LIABILITIES 223,415 293,965
NET ASSETS 223,415 293,965
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 223,414 293,964
SHAREHOLDERS' FUNDS 223,415 293,965
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Supriti Vaidya
Director
2nd November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Malleon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07215711 . The registered office is 30 Chelmsford Gardens, Ilford, Essex, IG1 3ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33%
Computer Equipment 33%
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 1,298 2,451 3,749
As at 30 April 2024 1,298 2,451 3,749
Depreciation
As at 1 May 2023 1,299 2,452 3,751
As at 30 April 2024 1,299 2,452 3,751
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 (1 ) (1 ) (2 )
As at 1 May 2023 (1 ) (1 ) (2 )
5. Investments
Other
£
Cost
As at 1 May 2023 150,000
As at 30 April 2024 150,000
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 150,000
As at 1 May 2023 150,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - (3,360 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Director's loan account 29,525 34,525
29,526 34,526
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4