Silverfin false false 30/09/2024 01/10/2023 30/09/2024 S A Lambert 28/09/2020 S M Lambert 28/09/2020 31 January 2025 The principal activity of the company in the year under review was that of property rental. 12911255 2024-09-30 12911255 bus:Director1 2024-09-30 12911255 bus:Director2 2024-09-30 12911255 2023-09-30 12911255 core:CurrentFinancialInstruments 2024-09-30 12911255 core:CurrentFinancialInstruments 2023-09-30 12911255 core:ShareCapital 2024-09-30 12911255 core:ShareCapital 2023-09-30 12911255 core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 12911255 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 12911255 core:RetainedEarningsAccumulatedLosses 2024-09-30 12911255 core:RetainedEarningsAccumulatedLosses 2023-09-30 12911255 bus:OrdinaryShareClass1 2024-09-30 12911255 2023-10-01 2024-09-30 12911255 bus:FilletedAccounts 2023-10-01 2024-09-30 12911255 bus:SmallEntities 2023-10-01 2024-09-30 12911255 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12911255 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12911255 bus:Director1 2023-10-01 2024-09-30 12911255 bus:Director2 2023-10-01 2024-09-30 12911255 2022-10-01 2023-09-30 12911255 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12911255 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12911255 (England and Wales)

MALLION PROPERTY LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

MALLION PROPERTY LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

MALLION PROPERTY LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
MALLION PROPERTY LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS S A Lambert
S M Lambert
REGISTERED OFFICE 22 Balmoral Drive
Newark
NG24 2FZ
United Kingdom
COMPANY NUMBER 12911255 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
14 London Road
Newark
NG24 1TW
UK
MALLION PROPERTY LTD

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
MALLION PROPERTY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 625,000 620,000
625,000 620,000
Current assets
Debtors 4 652 371
Cash at bank and in hand 5,596 11,420
6,248 11,791
Creditors: amounts falling due within one year 5 ( 542,447) ( 554,290)
Net current liabilities (536,199) (542,499)
Total assets less current liabilities 88,801 77,501
Provision for liabilities ( 14,137) ( 13,187)
Net assets 74,664 64,314
Capital and reserves
Called-up share capital 6 100 100
Fair value reserve 60,268 56,218
Profit and loss account 14,296 7,996
Total shareholders' funds 74,664 64,314

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Mallion Property Ltd (registered number: 12911255) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

S A Lambert
Director
MALLION PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
MALLION PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mallion Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Balmoral Drive, Newark, NG24 2FZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises of rents received and is recognised when the significant risks and rewards are considered to have been transferred to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 October 2023 620,000
Fair value movement 5,000
As at 30 September 2024 625,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 550,595 550,595

4. Debtors

2024 2023
£ £
Other debtors 652 371

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 675
Taxation and social security 1,712 2,585
Other creditors 540,735 551,030
542,447 554,290

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100