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REGISTERED NUMBER: 03576518 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MALTHOUSE & COMPANY LIMITED

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALTHOUSE & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: John Malthouse F.C.A.
Mark Herbert F.C.A.
Stephen Beckwith M.A.A.T.
Guy Playfer F.C.A.
Samuel Evans F.C.A.



REGISTERED OFFICE: America House,
Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD



REGISTERED NUMBER: 03576518 (England and Wales)



ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD



BANKERS: Lloyds Bank
Liverpool Law Courts
Merchants Court
2-12 Lord Street
Liverpool
L2 1TS

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,300,000 1,300,000
Tangible assets 5 64,655 66,936
1,364,655 1,366,936

CURRENT ASSETS
Stocks 6 38,163 37,614
Debtors 7 883,942 719,438
Cash at bank 32,910 35,018
955,015 792,070
CREDITORS
Amounts falling due within one year 8 820,466 560,745
NET CURRENT ASSETS 134,549 231,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,499,204

1,598,261

CREDITORS
Amounts falling due after more than one
year

9

(73,333

)

(274,586

)

PROVISIONS FOR LIABILITIES (10,599 ) (10,599 )
NET ASSETS 1,415,272 1,313,076

CAPITAL AND RESERVES
Called up share capital 148 148
Other reserves 20,000 20,000
Retained earnings 1,395,124 1,292,928
SHAREHOLDERS' FUNDS 1,415,272 1,313,076

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Guy Playfer F.C.A. - Director


MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Malthouse & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, which arises in connection with the aquisition of the firm on 1 April 2008, is considered to have an indefinite useful life due to the nature and stability of the profession and is not amortised.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on reducing balance

Tangible assets are stated at historic cost.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,300,000
NET BOOK VALUE
At 31 March 2024 1,300,000
At 31 March 2023 1,300,000

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 160,260
DEPRECIATION
At 1 April 2023 93,324
Charge for year 2,281
At 31 March 2024 95,605
NET BOOK VALUE
At 31 March 2024 64,655
At 31 March 2023 66,936

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 38,163 37,614

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 155,895 226,824
Amounts owed by group undertakings 595,440 -
Other debtors 132,607 492,614
883,942 719,438

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 149,837 244,415
Trade creditors 27,300 6,998
Taxation and social security 314,638 219,544
Other creditors 328,691 89,788
820,466 560,745

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 73,333 113,333
Other creditors - 161,253
73,333 274,586

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following credits and advances to directors subsisted during the year ended 31 March 2024:



Debtor due
within one
year


£   
John Malthouse
Balance outstanding at the start of the year471,031
Amounts advanced-
Amounts repaid(471,031)
Balance outstanding at the end of the year-


11. RELATED PARTY DISCLOSURES

Dividends of £152,142 were payable to the directors in the year under review.

The company operates from premises owned by John Malthouse. The accounts include £61,000 (2023: £61,000) in respect of rent payable to him.

MALTHOUSE & COMPANY LIMITED (REGISTERED NUMBER: 03576518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Playfer Holdings Limited.

13. CLIENTS' MONEY HELD

Clients' money held at 31 March 2024 totalled £1,502,130 (2023: £4,425,538). In accordance with company legislation and UK Generally Accepted Accounting Practice (UK GAAP) this amount and the related creditor are not recognised in these accounts.