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REGISTERED NUMBER: 07470217 (England and Wales)



















MALIK HOLDINGS COMMERCIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MALIK HOLDINGS COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

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 COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr Z A Malik
Mrs S A Malik





REGISTERED OFFICE: 81 Burton Road
Derby
DE1 1TJ





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





REGISTERED NUMBER: 07470217 (England and Wales)





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

MALIK HOLDINGS COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,235,917 2,295,511

CURRENT ASSETS
Stocks - 95,187
Debtors 5 215,114 207,261
Cash at bank 3,309 53
218,423 302,501
CREDITORS
Amounts falling due within one year 6 2,337,394 2,118,130
NET CURRENT LIABILITIES (2,118,971 ) (1,815,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,946

479,882

CREDITORS
Amounts falling due after more than one year 7 1,099,921 466,245
NET ASSETS 17,025 13,637

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings (32,975 ) (36,363 )
SHAREHOLDERS' FUNDS 17,025 13,637

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 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.

MALIK HOLDINGS COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr Z A Malik - Director


MALIK HOLDINGS COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

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


1. STATUTORY INFORMATION

Malik Holdings Commercial 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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on 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.

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.

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 COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

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 Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 2,294,171 4,916 115,283 2,414,370
Additions 940,328 - 1,000 941,328
Disposals - - (10,764 ) (10,764 )
At 31 August 2024 3,234,499 4,916 105,519 3,344,934
DEPRECIATION
At 1 September 2023 - 4,916 113,943 118,859
Charge for year - - 922 922
Eliminated on disposal - - (10,764 ) (10,764 )
At 31 August 2024 - 4,916 104,101 109,017
NET BOOK VALUE
At 31 August 2024 3,234,499 - 1,418 3,235,917
At 31 August 2023 2,294,171 - 1,340 2,295,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,898 7,306
Other debtors 194,978 199,955
Prepayments and accrued income 2,238 -
215,114 207,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,550 10,000
Trade creditors 4,068 6,306
Corporation tax 5,688 4,776
VAT 133,363 87,453
Other creditors 2,155,461 2,006,762
Accruals and deferred income 13,264 2,833
2,337,394 2,118,130

MALIK HOLDINGS COMMERCIAL LIMITED (REGISTERED NUMBER: 07470217)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 27,750 11,000
Bank loans - 2-5 years 89,632 38,000
Bank loans >5 yr (instalments) 982,539 417,245
1,099,921 466,245

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 982,539 417,245

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,125,471 476,245

Bank Loans are secured against freehold property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 50,000 50,000