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REGISTERED NUMBER: 07470213 (England and Wales)



















MALIK HOLDINGS DOMESTIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MALIK HOLDINGS DOMESTIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr Z A Malik





REGISTERED OFFICE: 81 Burton Road
Derby
DE1 1TJ





BUSINESS ADDRESS: 39A Main Street
Kimberley
NOTTINGHAM
NG16 2NG





REGISTERED NUMBER: 07470213 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,248,144 1,584,364

CURRENT ASSETS
Stocks 8,669 8,669
Debtors 5 83,840 231,275
Cash at bank 56 127
92,565 240,071
CREDITORS
Amounts falling due within one year 6 1,565,072 1,017,968
NET CURRENT LIABILITIES (1,472,507 ) (777,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,637

806,467

CREDITORS
Amounts falling due after more than one year 7 (637,886 ) (671,088 )

PROVISIONS FOR LIABILITIES (13,016 ) (13,016 )
NET ASSETS 124,735 122,363

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 114,897 114,897
Retained earnings 9,738 7,366
124,735 122,363

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

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

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.

MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

BALANCE SHEET - continued
31 AUGUST 2024


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 director and authorised for issue on 27 May 2025 and were signed by:





Mr Z A Malik - Director


MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

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


1. STATUTORY INFORMATION

Malik Holdings Domestic 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 1,584,364 22,992 1,607,356
Additions 663,780 - 663,780
At 31 August 2024 2,248,144 22,992 2,271,136
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 22,992 22,992
NET BOOK VALUE
At 31 August 2024 2,248,144 - 2,248,144
At 31 August 2023 1,584,364 - 1,584,364

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2018 127,913 - 127,913
Cost 2,120,231 22,992 2,143,223
2,248,144 22,992 2,271,136

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,456,451 1,456,451

Freehold property was valued by the Directors on 31 August 2024 at its market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 916 110,835
Other debtors 76,298 120,440
Prepayments and accrued income 6,626 -
83,840 231,275

MALIK HOLDINGS DOMESTIC LIMITED (REGISTERED NUMBER: 07470213)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,200 6,700
Trade creditors 83,351 21,457
Corporation tax 4,614 2,886
VAT 97,400 65,060
Other creditors 1,357,407 920,865
Accruals and deferred income 1,100 1,000
1,565,072 1,017,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 22,800 7,800
Bank loans - 2-5 years 72,528 25,500
Bank loans >5 yr (instalments) 542,558 152,238
Other loans more 5yrs non-inst - 485,550
637,886 671,088

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 485,550

Repayable by instalments
Bank loans >5 yr (instalments) 542,558 152,238

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 659,086 192,238

Loans are secured against freehold property.

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 114,897