Maldon Trading Ideas Limited 09644608 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is investing in securities and property rental Digita Accounts Production Advanced 6.30.9574.0 true false true true true 09644608 2023-07-01 2024-06-30 09644608 2024-06-30 09644608 bus:OrdinaryShareClass1 2024-06-30 09644608 bus:OrdinaryShareClass2 2024-06-30 09644608 core:CurrentFinancialInstruments 2024-06-30 09644608 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09644608 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 09644608 core:FurnitureFittingsToolsEquipment 2024-06-30 09644608 bus:SmallEntities 2023-07-01 2024-06-30 09644608 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09644608 bus:FilletedAccounts 2023-07-01 2024-06-30 09644608 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09644608 bus:RegisteredOffice 2023-07-01 2024-06-30 09644608 bus:Director1 2023-07-01 2024-06-30 09644608 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 09644608 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 09644608 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09644608 bus:Agent1 2023-07-01 2024-06-30 09644608 core:ComputerEquipment 2023-07-01 2024-06-30 09644608 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 09644608 core:Subsidiary1 2023-07-01 2024-06-30 09644608 core:Subsidiary1 1 2023-07-01 2024-06-30 09644608 core:Subsidiary1 countries:AllCountries 2023-07-01 2024-06-30 09644608 core:Subsidiary2 2023-07-01 2024-06-30 09644608 core:Subsidiary2 1 2023-07-01 2024-06-30 09644608 core:Subsidiary2 countries:AllCountries 2023-07-01 2024-06-30 09644608 core:Subsidiary3 2023-07-01 2024-06-30 09644608 core:Subsidiary3 1 2023-07-01 2024-06-30 09644608 core:Subsidiary3 countries:AllCountries 2023-07-01 2024-06-30 09644608 countries:AllCountries 2023-07-01 2024-06-30 09644608 2023-06-30 09644608 core:CostValuation 2023-06-30 09644608 core:FurnitureFittingsToolsEquipment 2023-06-30 09644608 2022-07-01 2023-06-30 09644608 2023-06-30 09644608 bus:OrdinaryShareClass1 2023-06-30 09644608 bus:OrdinaryShareClass2 2023-06-30 09644608 core:CurrentFinancialInstruments 2023-06-30 09644608 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09644608 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 09644608 core:FurnitureFittingsToolsEquipment 2023-06-30 09644608 core:Subsidiary1 1 2022-07-01 2023-06-30 09644608 core:Subsidiary2 1 2022-07-01 2023-06-30 09644608 core:Subsidiary3 1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registrar
Registration number: 09644608

Maldon Trading Ideas Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Maldon Trading Ideas Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Maldon Trading Ideas Limited

Company Information

Directors

DA Clarkson

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Solicitors

Holmes & Hills LLP
A12 Commercial Hub
London Road
Marks Tey
Colchester
Essex
CO6 1ED

Bankers

Barclays Bank plc
1 Bank Street
Braintree
Essex
CM7 7UQ

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Maldon Trading Ideas Limited

(Registration number: 09644608)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,079

2,302

Investment property

5

1,106,511

-

Investments

6

74,808

74,808

 

1,182,398

77,110

Current assets

 

Debtors

7

1,185,135

2,231,887

Investments

8

2,689,778

3,358,420

Cash at bank and in hand

 

20,612

180,571

 

3,895,525

5,770,878

Creditors: Amounts falling due within one year

9

(252,797)

(2,042,428)

Net current assets

 

3,642,728

3,728,450

Total assets less current liabilities

 

4,825,126

3,805,560

Creditors: Amounts falling due after more than one year

9

(1,780,508)

(1,140,815)

Net assets

 

3,044,618

2,664,745

Capital and reserves

 

Called up share capital

10

1,000

1,000

Retained earnings

3,043,618

2,663,745

Shareholders' funds

 

3,044,618

2,664,745

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Maldon Trading Ideas Limited

(Registration number: 09644608)
Balance Sheet as at 30 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 December 2024
 

.........................................

DA Clarkson
Director

 

Maldon Trading Ideas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

These financial statements were authorised for issue by the director on 9 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Summary of disclosure exemptions

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 for the requirement to prepare consolidated financial statements, on the grounds that it is a small size group.

Revenue recognition

Revenue represents amounts chargeable, in respect of investment in equities and rental income received in relation to the investment properties.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
 

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Maldon Trading Ideas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line Method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss.

Current asset investments

Investments in bonds and equity shares are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Maldon Trading Ideas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 July 2023

4,890

4,890

At 30 June 2024

4,890

4,890

Depreciation

At 1 July 2023

2,588

2,588

Charge for the year

1,223

1,223

At 30 June 2024

3,811

3,811

Carrying amount

At 30 June 2024

1,079

1,079

At 30 June 2023

2,302

2,302

5

Investment properties

2024
£

Additions

1,106,511

At 30 June

1,106,511

There has been no valuation of investment property by an independent valuer.

6

Investments

2024
£

2023
£

Investments in subsidiaries

74,808

74,808

Subsidiaries

£

Cost or valuation

At 1 July 2023

74,808

Carrying amount

At 30 June 2024

74,808

At 30 June 2023

74,808

 

Maldon Trading Ideas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Maldon Trading Ideas Properties Limited

England and Wales

Ordinary

100%

100%

Maldon Trading Ideas Retail Limited

England and Wales

Ordinary

50%

50%

DCP Developments Limited

England and Wales

Ordinary

75.05%

75.05%

7

Debtors

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

1,142,951

2,198,483

Prepayments

2,535

33,404

Other debtors

39,649

-

1,185,135

2,231,887

Included within Debtors are balances owed by group undertakings, whilst these amounts are due on demand, it is unlikely they will be repaid in full during the coming year.

8

Current asset investments

2024
£

2023
£

Other investments

2,689,778

3,358,420

The director is of the opinion that the market value of the current asset investments is not materially different to the original cost.

 

Maldon Trading Ideas Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

522

-

Taxation and social security

-

39,941

Accruals and deferred income

2,275

2,487

Other creditors

250,000

2,000,000

252,797

2,042,428

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other borrowings

1,780,508

1,140,815

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

500

500

500

500

Ordinary B Shares of £1 each

500

500

500

500

1,000

1,000

1,000

1,000