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REGISTERED NUMBER: 09002753 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

MOLLOY INVESTMENTS LIMITED

MOLLOY INVESTMENTS LIMITED (REGISTERED NUMBER: 09002753)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOLLOY INVESTMENTS LIMITED

Company Information
for the year ended 30 April 2024







Directors: D A Molloy
D J Molloy





Registered office: Chandos House, Oak Green Business Park
Earl Road
Cheadle Hulme
Stockport
SK8 6QL





Registered number: 09002753 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MOLLOY INVESTMENTS LIMITED (REGISTERED NUMBER: 09002753)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 5 2,211,100 2,211,100

Current assets
Cash in hand 500 500

Creditors
Amounts falling due within one year 6 12,600 12,600
Net current liabilities (12,100 ) (12,100 )
Total assets less current liabilities 2,199,000 2,199,000

Capital and reserves
Called up share capital 7 200 200
Share premium 1,099,900 1,099,900
Retained earnings 1,098,900 1,098,900
Shareholders' funds 2,199,000 2,199,000

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





D J Molloy - Director


MOLLOY INVESTMENTS LIMITED (REGISTERED NUMBER: 09002753)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

Molloy Investments Limited 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. 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
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Molloy Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Molloy Investments Holdings Limited, Chandos House, Oak Green Business Park, Earl Road, Stockport, SK8 6QL.

Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates that affect amounts recognised for assets and liabilities at the reporting date and the amounts of revenue and expenses incurred during the reporting period. Actual outcomes may differ from these judgements, estimates and assumptions that have the most significant effect on the carrying value of assets and liabilities of the company as at 30 April 2024 are discussed below.

a) Investment in subsidiaries

Management assess at each reporting date whether there is an indication that the investment in the subsidiary is impaired. If any such indication exists, management shall estimate the recoverable amount of the asset and any impairment loss shall be recognised immediately in the statement of comprehensive income.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial liabilities like amounts due to group undertakings and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MOLLOY INVESTMENTS LIMITED (REGISTERED NUMBER: 09002753)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


3. Accounting policies - continued
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.

4. Employees and directors

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

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 May 2023
and 30 April 2024 2,211,100
Net book value
At 30 April 2024 2,211,100
At 30 April 2023 2,211,100

6. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 11,600 11,600
Accruals and deferred income 1,000 1,000
12,600 12,600

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200 Ordinary shares £1 200 200

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

9. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

MOLLOY INVESTMENTS LIMITED (REGISTERED NUMBER: 09002753)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


10. Ultimate controlling party

The directors are considered to be the ultimate controlling parties by virtue of their equity shareholdings in the ultimate parent undertaking, Molloy Investments Holdings Limited.