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REGISTERED NUMBER: 02353532 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 September 2024

for

MALTFRONT LIMITED

MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALTFRONT LIMITED

Company Information
For The Year Ended 30 September 2024







DIRECTORS: K D Olner
Mrs H P Olner
Miss C P Olner



SECRETARY: Mrs H P Olner



REGISTERED OFFICE: Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



REGISTERED NUMBER: 02353532 (England and Wales)



ACCOUNTANTS: Peach & Co.
Chartered Accountants
Suite 3, Quantum House,
Skyline Court, Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2BZ



BANKERS: Tide through ClearBank Limited
Borough Yards
13 Dirty Lane
London
SE1 9PA

MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)

Balance Sheet
30 September 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,977 4,972
Investment property 5 900,000 750,000
903,977 754,972

CURRENT ASSETS
Debtors 6 2,937 12,123
Cash at bank 90,992 63,094
93,929 75,217
CREDITORS
Amounts falling due within one year 7 9,666 8,731
NET CURRENT ASSETS 84,263 66,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,240

821,458

PROVISIONS FOR LIABILITIES (756 ) (945 )

ACCRUALS AND DEFERRED INCOME (41,600 ) (42,900 )
NET ASSETS 945,884 777,613

CAPITAL AND RESERVES
Called up share capital 6 6
Share premium 1,000 1,000
Capital redemption reserve 6 6
Fair value reserve 8 203,375 53,375
Retained earnings 741,497 723,226
945,884 777,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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 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.

MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)

Balance Sheet - continued
30 September 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 2 June 2025 and were signed on its behalf by:





K D Olner - Director


MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Maltfront 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 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.

Turnover represents the fair value of rental income 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 etc - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 7,854
DEPRECIATION
At 1 October 2023 2,882
Charge for year 995
At 30 September 2024 3,877
NET BOOK VALUE
At 30 September 2024 3,977
At 30 September 2023 4,972

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 750,000
Revaluations 150,000
At 30 September 2024 900,000
NET BOOK VALUE
At 30 September 2024 900,000
At 30 September 2023 750,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 213,375
Cost 686,625
900,000

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

2024 2023
as restated
£    £   
Cost 696,625 696,625

The investment property was valued on an open market basis basis on 1 February 2025 by Salloway Property Consultants .

MALTFRONT LIMITED (REGISTERED NUMBER: 02353532)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

6. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Trade debtors 2,357 2,015
Other debtors 580 533
2,937 2,548

Amounts falling due after more than one year:
Other debtors - 9,575

Aggregate amounts 2,937 12,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors - 117
Taxation and social security 6,813 6,724
Other creditors 2,853 1,890
9,666 8,731

8. RESERVES
Fair
value
reserve
£   
At 1 October 2023 53,375
Revaluation of investment property 150,000

At 30 September 2024 203,375