REGISTERED NUMBER: |
THE MALTINGS (INVESTMENTS) LIMITED |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
REGISTERED NUMBER: |
THE MALTINGS (INVESTMENTS) LIMITED |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
THE MALTINGS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 07662853) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE MALTINGS (INVESTMENTS) LIMITED |
Company Information |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Limited liability partnership in England & Wales |
Registered number OC312313 |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
THE MALTINGS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 07662853) |
Balance Sheet |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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 director and authorised for issue on |
THE MALTINGS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 07662853) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
The Maltings (Investments) Limited is a |
The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound. |
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
There have been no material departures from the Financial Reporting Standard 102 1A. |
Going concern |
As at 30 June 2024 there were net liabilities of £209. The director considers the going concern basis adopted for these financial statements to be appropriate, based upon available continued support. |
PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
The financial statements contain information about The Maltings (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 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
INVESTMENTS IN SUBSIDIARIES |
Investments in subsidiary undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Called up share capital not paid |
THE MALTINGS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 07662853) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Preference shares | 769,823 | - |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Preference shares |
On 21 March 2024, 769,823 Cumulative redeemable preference shares, nominal value £1, were issued. The holders of these shares have a right to receive a fixed cumulative preferential dividend at a rate of 0.1% per annum. The preferential dividend shall be cumulative and shall be payable on 30 June each year commencing 30 June 2024. If on the relevant payment date the company cannot pay the preferential dividend then such dividends shall become a debt to the holders payable forthwith. |
The perpetual preference shares are redeemable. On this basis, the shares have been classified as a liability. |
8. | RELATED PARTY DISCLOSURES |
At 30 June 2024 the following related party loan balance existed: |
30.06.24 | 30.06.23 |
£ | £ |
Other related parties |
Debtors: Amounts falling due within one year (Group balance) | 769,823 | - |
No interest has been charged on the above loan. |