MALIK HALLS 2 LTD

Company Registration Number:
06438655 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

MALIK HALLS 2 LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

MALIK HALLS 2 LTD

Balance sheet

As at 30 November 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 5,170,215 5,194,704
Total fixed assets: 5,170,215 5,194,704
Current assets
Debtors:   360,730 372,926
Cash at bank and in hand: 22,714 23,439
Total current assets: 383,444 396,365
Creditors: amounts falling due within one year:   (75,590) (117,324)
Net current assets (liabilities): 307,854 279,041
Total assets less current liabilities: 5,478,069 5,473,745
Creditors: amounts falling due after more than one year:   (2,086,075) (2,131,075)
Total net assets (liabilities): 3,391,994 3,342,670
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:41,953,4341,953,434
Profit and loss account: 1,437,560 1,388,236
Shareholders funds: 3,391,994 3,342,670

The notes form part of these financial statements

MALIK HALLS 2 LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 October 2025
and signed on behalf of the board by:

Name: Jarair Malik
Status: Director

The notes form part of these financial statements

MALIK HALLS 2 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold residential property - Nil Fixtures, fittings & equipment - 20% reducing balance No depreciation is applied on Freehold property as it is held for investment use.

MALIK HALLS 2 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

MALIK HALLS 2 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 5,583,438
Additions 13,065
At 30 November 2024 5,596,503
Depreciation
At 01 December 2023 388,734
Charge for year 37,554
At 30 November 2024 426,288
Net book value
At 30 November 2024 5,170,215
At 30 November 2023 5,194,704

Historical cost 2024 - £1,058,213, 2023 - £1,058,213

MALIK HALLS 2 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Revaluation reserve

2024
£
Balance at 01 December 2023 1,953,434
Surplus or deficit after revaluation 0
Balance at 30 November 2024 1,953,434

MALIK HALLS 2 LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Related party transactions

Included in Other creditors due within one year, are net amounts owed to connected companies / companies with common control.