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REGISTERED NUMBER: 10742778 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Maal Limited

Maal Limited (Registered number: 10742778)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Maal Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M S Patel





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 10742778 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Maal Limited (Registered number: 10742778)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 8,209,500 8,989,500

CURRENT ASSETS
Debtors 5 208,538 -
Cash at bank 42,115 427,189
250,653 427,189
CREDITORS
Amounts falling due within one year 6 (6,964,505 ) (7,626,662 )
NET CURRENT LIABILITIES (6,713,852 ) (7,199,473 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,495,648 1,790,027

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,495,647 1,790,026
SHAREHOLDERS' FUNDS 1,495,648 1,790,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 November 2024 and were signed by:





M S Patel - Director


Maal Limited (Registered number: 10742778)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Maal Limited 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.

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.

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.

Other investments
Fixed asset investments are initially recognised at cost. Investments that are listed on a recognised stock exchange are revalued to their market value on an annual basis and any increase or decrease in value is taken to the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Maal Limited (Registered number: 10742778)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 8,989,500
Revaluations (780,000 )
At 31 March 2024 8,209,500
NET BOOK VALUE
At 31 March 2024 8,209,500
At 31 March 2023 8,989,500

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2018 50,000
Valuation in 2019 550,000
Valuation in 2020 (1,450,000 )
Valuation in 2021 2,200,000
Valuation in 2022 870,000
Valuation in 2023 (2,980,500 )
Valuation in 2024 (780,000 )
Cost 9,750,000
8,209,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 208,538 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 7) 6,800,000 7,500,000
Tax 161,768 122,947
Other creditors 2,737 3,715
6,964,505 7,626,662

7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Other loans 6,800,000 7,500,000

Maal Limited (Registered number: 10742778)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. LOANS - continued

£6,800,000 is owed to Wisteria Investments Limited. The loan is interest free and repayable on demand.