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Malro Investments Limited
Registered Number:01288083
For the year ended 30 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 July 2024
Malro Investments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01288083
As at 30 July 2024
Malro Investments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
642
1,064
2
3
4,416,500
4,416,500
Investment property
4,417,142
4,417,564
Current assets
Trade and other receivables
966,760
957,650
4
84,972
Cash and cash equivalents
73,366
1,031,016
1,051,732
Trade and other payables: amounts falling due within one year
(82,079)
(88,468)
5
969,653
942,548
Net current assets
Total assets less current liabilities
5,359,690
5,387,217
Trade and other payables: amounts falling due after more than
one year
(330,814)
(294,467)
6
(497,386)
(496,301)
Provisions for liabilities
4,567,837
Net assets
4,560,102
Capital and reserves
Called up share capital
50
50
Revaluation reserve
2,779,022
2,779,022
7
Retained earnings
1,788,765
1,781,030
4,567,837
4,560,102
Shareholders' funds
For the year ended 30 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
01288083
For the year ended 30 July 2024
Malro Investments Limited
Statement of Financial Position Continued
Mr Malcolm Frederick Magenty Director
These financial statements were approved and authorised for issue by the Board on 28 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 July 2024
Malro Investments Limited
Notes to the Financial Statements
Statutory Information
Malro Investments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
01288083.
Registered address:
Fairlea Warden Road
Eastchurch
Sheerness
Kent
ME12 4EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
25% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 July 2024
Malro Investments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or valuation
At 31 July 2023
13,906
1,686
8,940
3,280
At 30 July 2024
3,280
8,940
1,686
13,906
Provision for depreciation and impairment
At 31 July 2023
12,842
622
8,940
3,280
Charge for year
422
422
-
-
At 30 July 2024
13,264
1,044
8,940
3,280
At 30 July 2024
Net book value
-
-
642
642
At 30 July 2023
-
-
1,064
1,064
3. Investment property
Total
£
Fair value
At 31 July 2023
4,416,500
At 30 July 2024
4,416,500
Net book value
At 30 July 2024
4,416,500
At 30 July 2023
4,416,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
1,104
1,713
Other debtors
956,546
965,047
966,760
957,650
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7
For the year ended 30 July 2024
Malro Investments Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
48,000
48,000
Taxation and social security
22,783
20,402
Other creditors
17,685
13,677
88,468
82,079
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
294,467
330,814
7. Reserves
Total
£
Revaluation reserve at 31 July 2023
2,779,022
2,779,022
Revaluation reserve at 30 July 2024
8. Average number of persons employed
During the year the average number of employees was 0
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