REGISTERED NUMBER: 11174807 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Malyn Ltd

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

7

DIRECTOR:

A Marku

REGISTERED OFFICE:

37 Park Road

Bromley

BR1 3HJ

REGISTERED NUMBER:

11174807 (England and Wales)

ACCOUNTANTS:

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property letting.

DIRECTOR

A Marku held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Marku - Director

30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Malyn Ltd for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Malyn Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Malyn Ltd and state those matters that we have agreed to state to the director of Malyn Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Malyn Ltd and its director for our work or for this report.

It is your duty to ensure that Malyn Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Malyn Ltd. You consider that Malyn Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Malyn Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

30 September 2025

TURNOVER

17,700

17,533

Administrative expenses

11,684

9,445

OPERATING PROFIT

6,016

8,088

Interest payable and similar expenses

4

16,608

6,125

(LOSS)/PROFIT BEFORE TAXATION

(10,592

)

1,963

Tax on (loss)/profit

(2,285

)

148

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(8,307

)

1,815

FIXED ASSETS

Investment property

5

252,586

252,586

252,586

252,586

CURRENT ASSETS

Debtors

6

203,572

179,491

Cash at bank

848

1,488

204,420

180,979

CREDITORS

Amounts falling due within one year

7

1,772

3,108

NET CURRENT ASSETS

202,648

177,871

TOTAL ASSETS LESS CURRENT LIABILITIES

455,234

430,457

CREDITORS

Amounts falling due after more than one year

8

455,382

422,298

NET (LIABILITIES)/ASSETS

(148

)

8,159

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(149

)

8,158

(148

)

8,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

A Marku - Director

1.	STATUTORY INFORMATION

Malyn 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.

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.

The company relies on the financial support provided by the director, who has confirmed his continued support. The director has considered the company's forecasts and is satisfied that the company is able to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Revenue represents rental income receivable.

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.

Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains at the future tax rate expected to apply when the property may be sold.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

16,608

6,125

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

252,586

NET BOOK VALUE

At 31 December 2024

252,586

At 31 December 2023

252,586

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Corporation tax

388

-

Deferred tax asset

Tax losses available

2,137

-

Prepayments and accrued income

195,803

174,247

198,328

174,247

Amounts falling due after more than one year:

Amounts owed by participating interests

5,244

5,244

Aggregate amounts

203,572

179,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

1,576

Corporation tax

388

148

Accruals and deferred income

1,384

1,384

1,772

3,108

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more 5 yr by instal

186,634

183,850

Amounts owed to participating interests

268,748

238,448

455,382

422,298

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

186,634

183,850

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

186,634

183,850

The bank loan has been secured by a personal guarantee provided by the director.

10.	OTHER FINANCIAL COMMITMENTS

Charter Court Financial Services Ltd hold a charge dated 23 November 2021 against the freehold property owned by the company.

11.	RELATED PARTY DISCLOSURES

The director and shareholder A Marku is also a director and shareholder in Aunest Holdings Ltd, which in turn is the parent company of Marku A Ltd, Orpington Day Nursery Ltd, Tunbridge Wells Day Nursery Ltd and Sevenoaks Nursery Ltd.

At 31 December 2024 the company owed £44,500 (2023 : £22,000) to Aunest Holdings Ltd, £162,998 (2023: £155,197) to Marku A Ltd and £61,250 (2023 : £61,250) to Orpington Day Nursery Ltd.

At 31 December 2024, Tunbridge Wells Day Nursery Ltd owed £5,244 (2023: £5,244) to Malyn Ltd.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Marku.