IRIS Accounts Production v24.3.0.553 04727368 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047273682023-04-30047273682024-04-30047273682023-05-012024-04-30047273682022-04-30047273682022-05-012023-04-30047273682023-04-3004727368ns15:EnglandWales2023-05-012024-04-3004727368ns14:PoundSterling2023-05-012024-04-3004727368ns10:Director12023-05-012024-04-3004727368ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004727368ns10:SmallEntities2023-05-012024-04-3004727368ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004727368ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004727368ns10:FullAccounts2023-05-012024-04-3004727368ns10:OrdinaryShareClass12023-05-012024-04-3004727368ns10:RegisteredOffice2023-05-012024-04-3004727368ns5:CurrentFinancialInstruments2024-04-3004727368ns5:CurrentFinancialInstruments2023-04-3004727368ns5:Non-currentFinancialInstruments2024-04-3004727368ns5:Non-currentFinancialInstruments2023-04-3004727368ns5:ShareCapital2024-04-3004727368ns5:ShareCapital2023-04-3004727368ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3004727368ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3004727368ns5:RetainedEarningsAccumulatedLosses2024-04-3004727368ns5:RetainedEarningsAccumulatedLosses2023-04-3004727368ns5:FurnitureFittings2023-05-012024-04-3004727368ns5:FurnitureFittings2023-04-3004727368ns5:FurnitureFittings2024-04-3004727368ns5:FurnitureFittings2023-04-3004727368ns5:CostValuation2024-04-3004727368ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004727368ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3004727368ns5:Non-currentFinancialInstruments2023-05-012024-04-3004727368ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3004727368ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3004727368ns5:Secured2024-04-3004727368ns5:Secured2023-04-3004727368ns10:OrdinaryShareClass12024-04-3004727368ns5:RetainedEarningsAccumulatedLosses2023-04-3004727368ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3004727368ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 04727368 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MALLERTON LTD

MALLERTON LTD (REGISTERED NUMBER: 04727368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MALLERTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J Green





REGISTERED OFFICE: Data House
43-45 Stamford Hill
London
N16 5SR





REGISTERED NUMBER: 04727368 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MALLERTON LTD (REGISTERED NUMBER: 04727368)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,012 1,191
Investments 6 125 125
Investment property 7 3,816,324 3,809,740
3,817,461 3,811,056

CURRENT ASSETS
Debtors 8 4,005,637 2,835,595
Cash at bank 188,157 983,402
4,193,794 3,818,997
CREDITORS
Amounts falling due within one year 9 (3,208,938 ) (3,283,429 )
NET CURRENT ASSETS 984,856 535,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,802,317

4,346,624

CREDITORS
Amounts falling due after more than one
year

10

(2,381,741

)

(2,446,547

)

PROVISIONS FOR LIABILITIES (98,902 ) (98,902 )
NET ASSETS 2,321,674 1,801,175

CAPITAL AND RESERVES
Called up share capital 13 100 100
Fair value reserve 14 906,044 906,044
Retained earnings 14 1,415,530 895,031
SHAREHOLDERS' FUNDS 2,321,674 1,801,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

MALLERTON LTD (REGISTERED NUMBER: 04727368)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 and authorized for issue by the director and authorised for issue on 22 January 2025 and were signed by:





J Green - Director


MALLERTON LTD (REGISTERED NUMBER: 04727368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Mallerton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent and service charges receivable, excluding value added tax.

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 - 15% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MALLERTON LTD (REGISTERED NUMBER: 04727368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 3,169
DEPRECIATION
At 1 May 2023 1,978
Charge for year 179
At 30 April 2024 2,157
NET BOOK VALUE
At 30 April 2024 1,012
At 30 April 2023 1,191

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 125
NET BOOK VALUE
At 30 April 2024 125
At 30 April 2023 125

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,809,740
Additions 6,584
At 30 April 2024 3,816,324
NET BOOK VALUE
At 30 April 2024 3,816,324
At 30 April 2023 3,809,740

MALLERTON LTD (REGISTERED NUMBER: 04727368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 335,000
Valuation in 2017 669,946
Cost 2,811,378
3,816,324

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 4,005,637 2,835,595

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,942 35,443
Taxation and social security 2,139 27,633
Other creditors 3,203,857 3,220,353
3,208,938 3,283,429

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 11) 2,347,945 2,407,196
Other creditors 33,796 39,351
2,381,741 2,446,547

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,564,632 1,591,695
Bank loans more 5 yr by instal 783,313 815,501
Other loans more 5yrs instal - 39,351
2,347,945 2,446,547

Other creditors includes Bounceback loan of £33,796 [2023 - £39,351]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

11. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 33,796 -

MALLERTON LTD (REGISTERED NUMBER: 04727368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. LOANS - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,564,632 1,591,695
Bank loans more 5 yr by instal 783,313 815,501
Other loans more 5yrs instal - 39,351
2,347,945 2,446,547

12. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 2,347,945 2,407,196

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 895,031 906,044 1,801,075
Profit for the year 536,499 536,499
Dividends (16,000 ) (16,000 )
At 30 April 2024 1,415,530 906,044 2,321,574

15. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 were paid to the director .

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Green.