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Company No: 12467793 (England and Wales)

MALLORY GRANT HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

MALLORY GRANT HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

MALLORY GRANT HOLDINGS LIMITED

BALANCE SHEET

As at 30 September 2024
MALLORY GRANT HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 906,000 906,000
906,000 906,000
Current assets
Debtors 4 1 108,476
1 108,476
Creditors: amounts falling due within one year 5 ( 561,460) ( 170,280)
Net current liabilities (561,459) (61,804)
Total assets less current liabilities 344,541 844,196
Creditors: amounts falling due after more than one year 6 0 ( 500,000)
Net assets 344,541 344,196
Capital and reserves
Called-up share capital 7 1 1
Capital redemption reserve 400,000 130,000
Profit and loss account ( 55,460 ) 214,195
Total shareholder's funds 344,541 344,196

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Mallory Grant Holdings Limited (registered number: 12467793) were approved and authorised for issue by the Board of Directors on 21 May 2025. They were signed on its behalf by:

Mrs S Wildbore
Director
MALLORY GRANT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
MALLORY GRANT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mallory Grant Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Granary Highfield Farm Clyst Road, Topsham, Exeter, EX3 0BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 906,000
At 30 September 2024 906,000
Carrying value at 30 September 2024 906,000
Carrying value at 30 September 2023 906,000

The company holds the entire called up share capital of Mallory Grant Limited (company number: 04284331). The relevant address is the company's registered office as disclosed in Note 1.

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 0 108,475
Other debtors 1 1
1 108,476

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 56,526 0
Amounts owed to directors 4,934 ( 99,720)
Other creditors 500,000 270,000
561,460 170,280

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 0 500,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Loans and borrowings

Loans and borrowings due after one year

2024 2023
£ £
Redeemable preference shares 0 (500,000)

Current loans and borrowings

2024 2023
£ £
Redeemable preference shares (500,000) (270,000)