Company Registration No. 11797091 (England and Wales)
Malma Property Limited
Unaudited accounts
for the year ended 31 December 2023
Malma Property Limited
Unaudited accounts
Contents
Malma Property Limited
Company Information
for the year ended 31 December 2023
Director
Ms Thi Thu Yen Tran
Company Number
11797091 (England and Wales)
Registered Office
133 Creek Road
London
SE8 3BU
United
Accountants
A2B Tax Ltd
133 Creek Road
London
SE8 3BU
Malma Property Limited
Statement of financial position
as at 31 December 2023
Tangible assets
2,171,934
2,087,136
Cash at bank and in hand
47,612
28,090
Creditors: amounts falling due within one year
(39,269)
(72,331)
Net current assets/(liabilities)
8,343
(44,241)
Total assets less current liabilities
2,180,277
2,042,895
Creditors: amounts falling due after more than one year
(2,295,662)
(2,153,772)
Net liabilities
(115,385)
(110,877)
Called up share capital
100
100
Profit and loss account
(115,485)
(110,977)
Shareholders' funds
(115,385)
(110,877)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
Ms Thi Thu Yen Tran
Director
Company Registration No. 11797091
Malma Property Limited
Notes to the Accounts
for the year ended 31 December 2023
Malma Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11797091. The registered office is 133 Creek Road, London, SE8 3BU, United .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. In 2022, the company changed its method of depreciation to reducing balance method. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
2,077,417
20,761
1,129
2,099,307
Additions
87,227
-
-
87,227
At 31 December 2023
2,164,644
20,761
1,129
2,186,534
At 1 January 2023
-
11,184
987
12,171
Charge for the year
-
2,394
35
2,429
At 31 December 2023
-
13,578
1,022
14,600
At 31 December 2023
2,164,644
7,183
107
2,171,934
At 31 December 2022
2,077,417
9,577
142
2,087,136
Malma Property Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
38,609
71,671
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,485,275
1,485,275
Loans from directors
810,387
668,497
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).