0 true false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 13963509 2023-04-01 2024-03-31 13963509 2024-03-31 13963509 2023-03-31 13963509 2022-03-08 2023-03-31 13963509 2023-03-31 13963509 2022-03-07 13963509 bus:RegisteredOffice 2023-04-01 2024-03-31 13963509 bus:Director1 2023-04-01 2024-03-31 13963509 core:AfterOneYear 2024-03-31 13963509 core:AfterOneYear 2023-03-31 13963509 core:WithinOneYear 2024-03-31 13963509 core:WithinOneYear 2023-03-31 13963509 core:ShareCapital 2024-03-31 13963509 core:ShareCapital 2023-03-31 13963509 core:RetainedEarningsAccumulatedLosses 2024-03-31 13963509 core:RetainedEarningsAccumulatedLosses 2023-03-31 13963509 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 13963509 core:Non-currentFinancialInstruments 2024-03-31 13963509 core:Non-currentFinancialInstruments 2023-03-31 13963509 bus:SmallEntities 2023-04-01 2024-03-31 13963509 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13963509 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13963509 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13963509 bus:FullAccounts 2023-04-01 2024-03-31 13963509 core:AfterOneYear 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13963509
MALTON LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
MALTON LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGES
Officers and professional advisers
1
Balance sheet
2 to 3
Notes to the financial statements
4 to 6
MALTON LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
DIRECTOR
Mr D Rabson
REGISTERED OFFICE
New Burlington House
1075 Finchley Road
London
NW11 0PU
MALTON LIMITED
BALANCE SHEET
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
100
100
CURRENT ASSETS
Debtors
6
1,945,030
1,406,256
CREDITORS: amounts falling due within one year
7
( 3,709)
( 2,269)
-------------
-------------
NET CURRENT ASSETS
1,941,321
1,403,987
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,941,421
1,404,087
CREDITORS: amounts falling due after more than one year
8
( 1,938,046)
( 1,400,454)
-------------
-------------
NET ASSETS
3,375
3,633
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
3,275
3,533
-------
-------
SHAREHOLDER FUNDS
3,375
3,633
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MALTON LIMITED
BALANCE SHEET (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr D Rabson
Director
Company registration number: 13963509
MALTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The director does not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments in participating interests
Investment in participating interests are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to nil.
5. INVESTMENTS
Shares in participating interests
£
Cost
At 1 April 2023 and 31 March 2024
100
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
100
----
At 31 March 2023
100
----
The company holds directly 33.33% of the issued share capital of Malton Investments Limited, a company incorporated in England and Wales.
6. DEBTORS
2024
2023
£
£
Amounts owed by undertakings in which the company has a participating interest
1,945,030
1,406,256
-------------
-------------
Amounts owed by undertakings in which the company has a participating interest is interest bearing.
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
829
829
Other creditors
2,880
1,440
-------
-------
3,709
2,269
-------
-------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Amounts due to group undertakings
1,938,046
1,400,454
-------------
-------------
Amounts due to group undertakings is interest bearing.