Registration number:
Mallon Hind Holdings Limited
for the Year Ended 30 December 2024
Mallon Hind Holdings Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Mallon Hind Holdings Limited
Company Information
Directors |
Mr Kevin Anthony Boyle Mrs Alison Boyle |
Registered office |
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Mallon Hind Holdings Limited
Directors' Report for the Year Ended 30 December 2024
The directors present their report and the financial statements for the year ended 30 December 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a holding company.
Small companies provision statement
This report has 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.
Approved by the
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Mr Kevin Anthony Boyle
Director
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Mrs Alison Boyle
Director
Mallon Hind Holdings Limited
(Registration number: 07427949)
Balance Sheet as at 30 December 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
102 |
102 |
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Retained earnings |
1,939,801 |
1,941,631 |
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Shareholders' funds |
1,939,903 |
1,941,733 |
For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Group accounts not prepared
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price.
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.
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 31 December 2023 |
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Provision |
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Carrying amount |
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At 30 December 2024 |
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At 30 December 2023 |
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Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
4 |
Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) 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 |
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2024 |
2023 |
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Subsidiary undertakings |
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Thrifty House, 4 Bilton Road, Herts |
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Thrifty House, 4 Bilton Road, Herts |
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Thrifty House, 4 Bilton Road, Herts |
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Subsidiary undertakings |
M P Building Limited The principal activity of M P Building Limited is |
Mallon Hind Homes Limited The principal activity of Mallon Hind Homes Limited is |
Mallon Hind Properties Limited The principal activity of Mallon Hind Properties Limited is |
Debtors |
Current |
Note |
2024 |
2023 |
Amounts owed by related parties |
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Mallon Hind Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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102 |
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102 |
Related party transactions |
At the balance sheet date the company was owed £818,289 (2022: £818,289) by Mallon Hind Properties Limited and £0 (202: £510,000) by M P Building Limited.
There is no interest being charged on these loans and they are repayable on demand.
Ultimate controlling party |
The ultimate controlling party is