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REGISTERED NUMBER: 13342802 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MALMIN HEALTHCARE NE LTD

MALMIN HEALTHCARE NE LTD (Registered number: 13342802)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALMIN HEALTHCARE NE LTD

Company Information
for the Year Ended 30 April 2024







Director: M N Talati





Registered office: 47 Farringdon Road
Malmin Dental Building
London
EC1M 3JP





Registered number: 13342802 (England and Wales)





Accountants: Andertons Europe Limited
1st Floor
156 Cromwell Road
Kensington
London
SW7 4EF

MALMIN HEALTHCARE NE LTD (Registered number: 13342802)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 878,873 988,732
Tangible assets 5 59,673 64,360
938,546 1,053,092

Current assets
Debtors 6 303,455 -
Cash at bank 74,241 221,055
377,696 221,055
Creditors
Amounts falling due within one year 7 720,902 657,036
Net current liabilities (343,206 ) (435,981 )
Total assets less current liabilities 595,340 617,111

Creditors
Amounts falling due after more than
one year

8

601,318

626,918
Net liabilities (5,978 ) (9,807 )

Capital and reserves
Called up share capital 1 1
Retained earnings (5,979 ) (9,808 )
(5,978 ) (9,807 )

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.

MALMIN HEALTHCARE NE LTD (Registered number: 13342802)

Balance Sheet - 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 by the director and authorised for issue on 30 January 2025 and were signed by:





M N Talati - Director


MALMIN HEALTHCARE NE LTD (Registered number: 13342802)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

MALMIN HEALTHCARE NE 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

MALMIN HEALTHCARE NE LTD (Registered number: 13342802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

4. Intangible fixed assets
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,098,591
AMORTISATION
At 1 May 2023 109,859
Charge for year 109,859
At 30 April 2024 219,718
NET BOOK VALUE
At 30 April 2024 878,873
At 30 April 2023 988,732

5. Tangible fixed assets
Plant and
machinery
etc
£   
COST
At 1 May 2023 75,769
Additions 7,908
At 30 April 2024 83,677
DEPRECIATION
At 1 May 2023 11,409
Charge for year 12,595
At 30 April 2024 24,004
NET BOOK VALUE
At 30 April 2024 59,673
At 30 April 2023 64,360

MALMIN HEALTHCARE NE LTD (Registered number: 13342802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. Debtors: amounts falling due after more than one year
2024 2023
£    £   
Amounts owed by participating interests 303,455 -

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 48,334 49,025
Trade creditors 16,371 14,717
Amounts owed to participating interests 533,500 533,500
Taxation and social security 43,480 6,052
Other creditors 79,217 53,742
720,902 657,036

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 601,318 626,918

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 408,421 434,020