2023-10-01 02755878 2024-09-30 02755878 2023-10-01 2024-09-30 02755878 2023-09-30 02755878 2022-10-01 2023-09-30 02755878 uk-core:WithinOneYear 2023-09-30 02755878 uk-core:WithinOneYear 2024-09-30 02755878 uk-core:AfterOneYear 2023-09-30 02755878 uk-core:AfterOneYear 2024-09-30 02755878 uk-core:ShareCapital 2024-09-30 02755878 uk-core:ShareCapital 2023-09-30 02755878 uk-core:InvestmentPropertiesRevaluationReserve 2024-09-30 02755878 uk-core:InvestmentPropertiesRevaluationReserve 2023-09-30 02755878 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 02755878 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 02755878 uk-bus:Director1 2023-10-01 2024-09-30 02755878 uk-bus:Director2 2023-10-01 2024-09-30 02755878 uk-core:PlantMachinery 2023-10-01 2024-09-30 02755878 uk-core:OfficeEquipment 2023-10-01 2024-09-30 02755878 uk-core:Vehicles 2023-10-01 2024-09-30 02755878 uk-core:OfficeEquipment 2023-09-30 02755878 uk-core:Vehicles 2023-09-30 02755878 uk-core:PlantMachinery 2023-09-30 02755878 uk-core:PlantMachinery 2024-09-30 02755878 uk-core:Vehicles 2024-09-30 02755878 uk-core:OfficeEquipment 2024-09-30 02755878 uk-core:WithinOneYear 2024-09-30 02755878 uk-core:WithinOneYear 2023-09-30 02755878 uk-core:AfterOneYear uk-core:Secured 2024-09-30 02755878 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure 02755878 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02755878 uk-bus:FRS102 2023-10-01 2024-09-30 02755878 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 02755878 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Malro Homes Limited
Registered Number:02755878
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Malro Homes Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02755878
As at 30 September 2024
Malro Homes Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
270,398
211,050
2
10,878,613
10,878,613
Investment property
11,149,011
11,089,663
Current assets
Inventories
5,353,687
3,115,266
3
Trade and other receivables
123,119
252,128
4
436,800
Cash and cash equivalents
2,458,047
5,825,441
5,913,606
Trade and other payables: amounts falling due within one year
(1,245,157)
(1,569,224)
5
4,668,449
4,256,217
Net current assets
Total assets less current liabilities
15,405,228
15,758,112
Trade and other payables: amounts falling due after more than
one year
(2,795,375)
(1,939,997)
6
(1,423,417)
(1,421,030)
Provisions for liabilities
12,041,814
Net assets
11,541,707
Capital and reserves
Called up share capital
100
100
Fair value reserve
5,956,993
5,956,993
Retained earnings
6,084,721
5,584,614
12,041,814
11,541,707
Shareholders' funds
For the year ended 30 September 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 September 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 :
02755878
For the year ended 30 September 2024
Malro Homes Limited
Statement of Financial Position Continued
Mr Jason Magenty Director
Mrs Denise Julie Magenty Director
These financial statements were approved and authorised for issue by the Board on 04 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 September 2024
Malro Homes Limited
Notes to the Financial Statements
Statutory Information
Malro Homes Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 02755878.
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
20% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
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.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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 September 2024
Malro Homes Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 October 2023
596,139
2,383
105,465
488,291
204,002
-
59,270
144,732
Additions
-
-
(184,613)
Disposals
(184,613)
At 30 September 2024
448,410
164,735
2,383
615,528
Provision for depreciation and impairment
At 01 October 2023
385,089
1,434
76,159
307,496
Charge for year
67,597
189
17,715
49,693
(107,556)
-
-
(107,556)
On disposal
At 30 September 2024
345,130
1,623
93,874
249,633
At 30 September 2024
Net book value
198,777
70,861
760
270,398
At 30 September 2023
180,795
29,306
949
211,050
3. Inventories
2023
2024
£
£
Stocks
3,115,266
5,353,687
4. Trade and other receivables
2023
2024
£
£
Trade debtors
868
868
Other debtors
251,260
122,251
123,119
252,128
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
129,818
129,819
Trade creditors
221,713
106,704
Taxation and social security
194,601
7,505
Other creditors
1,023,092
1,001,129
1,569,224
1,245,157
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7
For the year ended 30 September 2024
Malro Homes Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
1,874,583
2,795,375
Other creditors
65,414
-
1,939,997
2,795,375
7. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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