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Company No: 13555123 (England and Wales)

MOLLART PROPERTY INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

MOLLART PROPERTY INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

MOLLART PROPERTY INVESTMENTS LTD

COMPANY INFORMATION

For the financial year ended 31 August 2024
MOLLART PROPERTY INVESTMENTS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR C A Mollart
REGISTERED OFFICE 14 London Road
Newark
NG24 1TW
United Kingdom
COMPANY NUMBER 13555123 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
14 London Road
Newark
NG24 1TW
MOLLART PROPERTY INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
MOLLART PROPERTY INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 240,000 220,456
240,000 220,456
Current assets
Cash at bank and in hand 63 3,131
63 3,131
Creditors: amounts falling due within one year 4 ( 216,100) ( 218,756)
Net current liabilities (216,037) (215,625)
Total assets less current liabilities 23,963 4,831
Provision for liabilities 5 ( 4,886) 0
Net assets 19,077 4,831
Capital and reserves
Called-up share capital 6 100 100
Fair value reserve 14,658 0
Profit and loss account 4,319 4,731
Total shareholder's funds 19,077 4,831

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mollart Property Investments Ltd (registered number: 13555123) were approved and authorised for issue by the Director on 21 August 2025. They were signed on its behalf by:

C A Mollart
Director
MOLLART PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
MOLLART PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Mollart Property Investments Ltd (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 14 London Road, Newark, NG24 1TW, 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

Turnover comprises of rents received and is recognised when the significant risks and rewards are considered to have been transferred to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

The fair value is determined annually by the director, on an open market value for existing use basis.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 September 2023 220,456
Fair value movement 19,544
As at 31 August 2024 240,000

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 220,456 220,456

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,222 1,222
Other creditors 214,878 217,534
216,100 218,756

5. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Income Statement ( 4,886) 0
At the end of financial year ( 4,886) 0

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100