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COMPANY REGISTRATION NUMBER: 13966241
MALTON INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
MALTON INVESTMENTS 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 INVESTMENTS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
DIRECTOR
Mr M Tan
REGISTERED OFFICE
New Burlington House
1075 Finchley Road
London
NW11 0PU
MALTON INVESTMENTS LIMITED
BALANCE SHEET
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
5
100
100
CURRENT ASSETS
Debtors
6
2,591,189
1,683,750
CREDITORS: amounts falling due within one year
7
( 2,400)
( 1,440)
-------------
-------------
NET CURRENT ASSETS
2,588,789
1,682,310
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,588,889
1,682,410
CREDITORS: amounts falling due after more than one year
8
( 2,591,176)
( 1,683,636)
-------------
-------------
NET LIABILITIES
( 2,287)
( 1,226)
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
300
300
Profit and loss account
( 2,587)
( 1,526)
-------
-------
SHAREHOLDER DEFICIT
( 2,287)
( 1,226)
-------
-------
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 INVESTMENTS 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 M Tan
Director
Company registration number: 13966241
MALTON INVESTMENTS 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.
Going concern
Notwithstanding the deficiency in net assets of the company, the accounts have been prepared on a going concern basis having regard to support being provided from the shareholders.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.
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.
Investment in group undertakings
Investment in group undertakings 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 (2023: nil).
5. INVESTMENTS
Shares in group undertakings
£
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 100% of the issued share capital of Malton Estates Limited, a company incorporated in England and Wales.
6. DEBTORS
2024
2023
£
£
Amounts owed by group undertakings
2,591,189
1,683,750
-------------
-------------
Amounts owed by group undertakings is interest bearing.
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Other creditors
2,400
1,440
-------
-------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings which have a participating interest in the company
2,591,176
1,683,636
-------------
-------------
Amounts owed to group undertakings and undertakings which have a participating interest in the company are interest bearing.