Silverfin false false 29/10/2024 30/10/2023 29/10/2024 Sara Jane Cordall 12/05/2017 Brian Lory Cordall 19/06/2014 Barbara Elizabeth Cordall (deceased) 11/02/2024 03 June 2025 The principal activity of the company during the financial year was the letting and operating of real estate. 09092971 2024-10-29 09092971 bus:Director1 2024-10-29 09092971 bus:Director2 2024-10-29 09092971 bus:Director3 2024-10-29 09092971 2023-10-29 09092971 core:CurrentFinancialInstruments 2024-10-29 09092971 core:CurrentFinancialInstruments 2023-10-29 09092971 core:ShareCapital 2024-10-29 09092971 core:ShareCapital 2023-10-29 09092971 core:RevaluationReserve 2024-10-29 09092971 core:RevaluationReserve 2023-10-29 09092971 core:RetainedEarningsAccumulatedLosses 2024-10-29 09092971 core:RetainedEarningsAccumulatedLosses 2023-10-29 09092971 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-10-29 09092971 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-10-29 09092971 bus:OrdinaryShareClass1 2024-10-29 09092971 2023-10-30 2024-10-29 09092971 bus:FilletedAccounts 2023-10-30 2024-10-29 09092971 bus:SmallEntities 2023-10-30 2024-10-29 09092971 bus:AuditExemptWithAccountantsReport 2023-10-30 2024-10-29 09092971 bus:PrivateLimitedCompanyLtd 2023-10-30 2024-10-29 09092971 bus:Director1 2023-10-30 2024-10-29 09092971 bus:Director2 2023-10-30 2024-10-29 09092971 bus:Director3 2023-10-30 2024-10-29 09092971 2022-10-30 2023-10-29 09092971 bus:OrdinaryShareClass1 2023-10-30 2024-10-29 09092971 bus:OrdinaryShareClass1 2022-10-30 2023-10-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09092971 (England and Wales)

MOLWIN INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 29 October 2024
Pages for filing with the registrar

MOLWIN INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 29 October 2024

Contents

MOLWIN INVESTMENTS LIMITED

BALANCE SHEET

As at 29 October 2024
MOLWIN INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 29 October 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 2,500,000 2,130,000
2,500,000 2,130,000
Current assets
Debtors 4 475 7,169
Cash at bank and in hand 4,393 1,840
4,868 9,009
Creditors: amounts falling due within one year 5 ( 1,351,132) ( 1,410,562)
Net current liabilities (1,346,264) (1,401,553)
Total assets less current liabilities 1,153,736 728,447
Provision for liabilities ( 227,170) ( 134,670)
Net assets 926,566 593,777
Capital and reserves
Called-up share capital 6 120 120
Revaluation reserve 681,510 404,010
Profit and loss account 244,936 189,647
Total shareholders' funds 926,566 593,777

For the financial year ending 29 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Molwin Investments Limited (registered number: 09092971) were approved and authorised for issue by the Board of Directors on 03 June 2025. They were signed on its behalf by:

Brian Lory Cordall
Director
MOLWIN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 October 2024
MOLWIN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 October 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

Molwin Investments 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 Lowin House, Tregolls Road, Truro, Cornwall ,TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Revenue is recognised on an accruals basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 30 October 2023 2,130,000
Fair value movement 370,000
As at 29 October 2024 2,500,000

Valuation

A full market valuation of investment property was completed by Charterwood as 17 March 2023.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 1,591,320 1,591,320

4. Debtors

2024 2023
£ £
Other debtors 475 7,169

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 547,093 547,093
Amounts owed to directors 781,287 843,200
Accruals 2,769 2,536
Other creditors 19,983 17,733
1,351,132 1,410,562

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
120 Ordinary shares shares of £ 1.00 each 120 120