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REGISTERED NUMBER: 09338379 (England and Wales)















Malta Choice Ltd

Unaudited Financial Statements for the Year Ended 30 December 2023






Malta Choice Ltd (Registered number: 09338379)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Malta Choice Ltd

Company Information
for the Year Ended 30 December 2023







Directors: P J O'Berg
M O'Berg





Registered office: 95 Stamford Road
Easton on the Hill
Stamford
Northamptonshire
PE9 3PA





Registered number: 09338379 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Malta Choice Ltd (Registered number: 09338379)

Statement of Financial Position
30 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 20,000 20,000
Tangible assets 5 7 9
20,007 20,009

Current assets
Debtors 6 5,648 3,332
Cash at bank and in hand 3,738 11,890
9,386 15,222
Creditors
Amounts falling due within one year 7 48,926 35,926
Net current liabilities (39,540 ) (20,704 )
Total assets less current liabilities (19,533 ) (695 )

Provisions for liabilities 8 - 2
Net liabilities (19,533 ) (697 )

Capital and reserves
Called up share capital 9 2 2
Retained earnings (19,535 ) (699 )
Shareholders' funds (19,533 ) (697 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

Malta Choice Ltd (Registered number: 09338379)

Statement of Financial Position - continued
30 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





M O'Berg - Director


Malta Choice Ltd (Registered number: 09338379)

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

1. Statutory information

Malta Choice 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.

Turnover
Turnover is measured at the fair value of the consideration receivable for services rendered, net of discounts and Value Added Tax.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. The accounting poilcy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period.The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the period would have amounted to £2,000 and the profit for the year reduced accordingly,

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.

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 reducing balance
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Malta Choice Ltd (Registered number: 09338379)

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

2. Accounting policies - continued

Going concern
The company relies upon the financial support of its creditors to facilitate a continuation of its trading activity. The directors are therefore able to prepare the financial statements on the basis of the going concern concept.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 31 December 2022
and 30 December 2023 20,000
Net book value
At 30 December 2023 20,000
At 30 December 2022 20,000

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 31 December 2022
and 30 December 2023 273 571 844
Depreciation
At 31 December 2022 264 571 835
Charge for year 2 - 2
At 30 December 2023 266 571 837
Net book value
At 30 December 2023 7 - 7
At 30 December 2022 9 - 9

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 5,648 3,332

Malta Choice Ltd (Registered number: 09338379)

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

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 14,301 9,409
Taxation and social security 3,627 4,992
Other creditors 30,998 21,525
48,926 35,926

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax - 2

Deferred
tax
£   
Balance at 31 December 2022 2
Balance at 30 December 2023 2

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 30 December 2023 and the period ended 30 December 2022:

2023 2022
£    £   
P J O'Berg and M O'Berg
Balance outstanding at start of year 185 6,334
Amounts repaid (185 ) (6,149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 185