2023-03-01 2024-02-28 false Capium Accounts Production 1.1 11834633 bus:FullAccounts 2023-03-01 2024-02-28 11834633 bus:FRS102 2023-03-01 2024-02-28 11834633 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 11834633 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11834633 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11834633 2023-03-01 2024-02-28 11834633 2024-02-28 11834633 bus:RegisteredOffice 2023-03-01 2024-02-28 11834633 core:WithinOneYear 2024-02-28 11834633 core:AfterOneYear 2024-02-28 11834633 bus:Director1 2023-03-01 2024-02-28 11834633 bus:Director1 2024-02-28 11834633 bus:Director1 2022-03-01 2023-02-28 11834633 bus:Director2 2023-03-01 2024-02-28 11834633 bus:Director2 2024-02-28 11834633 bus:Director2 2022-03-01 2023-02-28 11834633 2022-03-01 11834633 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 11834633 2022-03-01 2023-02-28 11834633 2023-02-28 11834633 core:WithinOneYear 2023-02-28 11834633 core:AfterOneYear 2023-02-28 11834633 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 11834633 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 11834633 bus:OrdinaryShareClass1 2024-02-28 11834633 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 11834633 bus:OrdinaryShareClass1 2023-02-28 11834633 core:LandBuildings 2023-03-01 2024-02-28 11834633 core:LandBuildings 2024-02-28 11834633 core:LandBuildings 2023-02-28 11834633 core:MotorCars 2023-03-01 2024-02-28 11834633 core:MotorCars 2024-02-28 11834633 core:MotorCars 2023-02-28 11834633 core:FurnitureFittings 2023-03-01 2024-02-28 11834633 core:FurnitureFittings 2024-02-28 11834633 core:FurnitureFittings 2023-02-28 11834633 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-28 11834633 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 11834633 core:CostValuation core:Non-currentFinancialInstruments 2024-02-28 11834633 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11834633 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-28 11834633 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 11834633 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 11834633 core:Non-currentFinancialInstruments 2024-02-28 11834633 core:Non-currentFinancialInstruments 2023-02-28 11834633 core:ShareCapital 2024-02-28 11834633 core:ShareCapital 2023-02-28 11834633 core:RevaluationReserve 2024-02-28 11834633 core:RevaluationReserve 2023-02-28 11834633 core:RetainedEarningsAccumulatedLosses 2024-02-28 11834633 core:RetainedEarningsAccumulatedLosses 2023-02-28 11834633 dpl:Item1 2023-03-01 11834633 dpl:Item1 2024-02-28 11834633 dpl:Item1 2022-03-01 11834633 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11834633
England and Wales

 

 

 

MALHI CAPITAL GROUP LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,648,255    1,648,255 
1,648,255    1,648,255 
Current assets      
Stocks 4 10,875    75,875 
Debtors 5 60,753    59,769 
Cash at bank and in hand 93,231    10,188 
164,859    145,832 
Creditors: amount falling due within one year 6 (1,476,609)   (1,484,285)
Net current assets (1,311,750)   (1,338,453)
 
Total assets less current liabilities 336,505    309,802 
Net assets 336,505    309,802 
 

Capital and reserves
     
Called up share capital 7 100    100 
Reserves 8 229,999    229,999 
Profit and loss account 106,406    79,703 
Shareholders' funds 336,505    309,802 
 


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 November 2024 and were signed on its behalf by:


-------------------------------
S S Malhi
Director
1
General Information
Malhi Capital Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11834633, registration address Office 1 , Halberton Street, Smethwick, West Yorkshire, B66 2QP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2023 1,570,000    61,100    17,155    1,648,255 
Additions      
Disposals      
At 28 February 2024 1,570,000    61,100    17,155    1,648,255 
Depreciation
At 01 March 2023      
Charge for year      
On disposals      
At 28 February 2024      
Net book values
Closing balance as at 28 February 2024 1,570,000    61,100    17,155    1,648,255 
Opening balance as at 01 March 2023 1,570,000    61,100    17,155    1,648,255 


4.

Stocks

2024
£
  2023
£
Stocks 10,875    75,875 
10,875    75,875 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 28,769    28,769 
Other Debtors 31,984    31,000 
60,753    59,769 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 12,875    12,875 
Taxation and Social Security 13,606    8,126 
Other Creditors 1,450,128    1,463,284 
1,476,609    1,484,285 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

8.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 229,999    229,999 
229,999    229,999 

9.

Directors Loan Account

At 28th Feb 2024, the directors loan accounts of £1,447,128 (2023: £1,461,784) are unsecured, repayable on demand and interest free. During the period the directors incurred the following transactions:
Directors   Balance B/f
£
  Advances
£
  Credits
£
  Balance C/f
£
(1,461,784) 37,821  (23,164) (1,447,128)

10.

Control

The company was under the control of the directors in the current and previous year.

2