Malden Mitcham Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00284227 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MALDEN MITCHAM PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A S Tredinnick

SECRETARY:

D A S Tredinnick

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

00284227 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

1,234,715

1,241,231

Investments

5

1,590,506

1,705,477

Investment property

6

2,392,100

2,325,264

5,217,321

5,271,972

CURRENT ASSETS

Stocks

16,662

6,618

Debtors

7

1,667,209

979,166

Cash at bank

18,301

10,691

1,702,172

996,475

CREDITORS

Amounts falling due within one year

8

507,865

407,054

NET CURRENT ASSETS

1,194,307

589,421

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,411,628

5,861,393

PROVISIONS FOR LIABILITIES

716,487

550,327

NET ASSETS

5,695,141

5,311,066

CAPITAL AND RESERVES

Called up share capital

98

Property revaluation reserve

9

1,787,326

1,824,500

Capital redemption reserve

2

Investment fair value reserve

514,615

597,591

Retained earnings

3,393,100

2,888,875

SHAREHOLDERS' FUNDS

5,695,141

5,311,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 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 director and authorised for issue on 20th October 2025 and were signed by:

D A S Tredinnick - Director

1.	STATUTORY INFORMATION

Malden Mitcham Properties 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable, income from investments as well as farming income.

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

-

15% on reducing balance and 5% on reducing balance

Investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments

Fixed asset investments are revalued annually and any surplus or deficit is dealt with through the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st April 2024

1,141,660

150,816

1,292,476

Additions

-

398

At 31st March 2025

1,141,660

151,214

1,292,874

DEPRECIATION

At 1st April 2024

-

51,245

Charge for year

-

6,914

At 31st March 2025

-

58,159

NET BOOK VALUE

At 31st March 2025

1,141,660

93,055

1,234,715

At 31st March 2024

1,141,660

99,571

1,241,231

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st April 2024

1,705,477

Additions

209,553

Disposals

(329,803

)

Revaluations

5,279

At 31st March 2025

1,590,506

NET BOOK VALUE

At 31st March 2025

1,590,506

At 31st March 2024

1,705,477

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 March 2025 was £955,178 (2024: £967,709).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

2,325,264

Disposals

(722,564

)

Revaluations

789,400

At 31st March 2025

2,392,100

NET BOOK VALUE

At 31st March 2025

2,392,100

At 31st March 2024

2,325,264

The director has carried out a valuation of the investment properties at the reporting date. The company will continue to assess the value of the investment properties held on an annual basis. The historic cost of investment properties is £9,001 (2024: £90,615).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

22,041

24,270

Other debtors

1,645,168

954,896

1,667,209

979,166

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

365,083

340,198

Trade creditors

16,582

15,914

Taxation and social security

95,244

4,887

Other creditors

30,956

46,055

507,865

407,054

9.

RESERVES

Property

revaluation

reserve

£

At 1st April 2024

1,824,500

Movement during year

(37,174

)

At 31st March 2025

1,787,326