REGISTERED NUMBER: 09338379 (England and Wales)

Malta Choice Ltd

Unaudited Financial Statements for the Year Ended 30 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

P J O'Berg

M O'Berg

Registered office:

612 Auckland Drive

Birmingham

Solihull

West Midlands

B36 0DD

Registered number:

09338379 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

20,000

20,000

Tangible assets

5

-

7

20,000

20,007

Current assets

Debtors

6

5,398

5,648

Cash at bank and in hand

5,231

3,738

10,629

9,386

Creditors

Amounts falling due within one year

7

65,031

48,926

Net current liabilities

(54,402

)

(39,540

)

Total assets less current liabilities

(34,402

)

(19,533

)

Capital and reserves

Called up share capital

8

2

2

Retained earnings

(34,404

)

(19,535

)

Shareholders' funds

(34,402

)

(19,533

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

E R Tebandeke - Director

1.	Statutory information

Malta Choice Ltd 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 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 receivable for services rendered, net of discounts and Value Added Tax.

Goodwill

Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. The accounting poilcy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period.The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the period would have amounted to £2,000 and the profit for the year reduced accordingly,

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company relies upon the financial support of its creditors to facilitate a continuation of its trading activity. The directors are therefore able to prepare the financial statements on the basis of the going concern concept.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 31 December 2023

and 30 December 2024

20,000

Net book value

At 30 December 2024

20,000

At 30 December 2023

20,000

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 31 December 2023

and 30 December 2024

273

571

844

Depreciation

At 31 December 2023

266

571

837

Charge for year

7

-

7

At 30 December 2024

273

571

844

Net book value

At 30 December 2024

-

-

-

At 30 December 2023

7

-

7

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

5,398

5,648

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

16,946

14,301

Taxation and social security

1,077

3,627

Other creditors

47,008

30,998

65,031

48,926

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

£

P J O'Berg and M O'Berg

Balance outstanding at start of year

-

185

Amounts repaid

-

(185

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-