REGISTERED NUMBER: 00569635 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Malpas Stallard Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

111,800

114,000

CURRENT ASSETS

Stocks

142,315

138,071

Debtors

5

20,382

21,957

Cash at bank

56,316

69,554

219,013

229,582

CREDITORS

Amounts falling due within one year

6

47,737

46,340

NET CURRENT ASSETS

171,276

183,242

TOTAL ASSETS LESS CURRENT LIABILITIES

283,076

297,242

CREDITORS

Amounts falling due after more than one year

7

101,491

101,491

NET ASSETS

181,585

195,751

CAPITAL AND RESERVES

Called up share capital

8

15,000

15,000

Revaluation reserve

107,981

107,981

Other reserves

5,000

5,000

Retained earnings

53,604

67,770

SHAREHOLDERS' FUNDS

181,585

195,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 December 2025 and were signed on its behalf by:

Mr N G L Smith - Director

Mrs R J C Smith - Director

1.	STATUTORY INFORMATION

Malpas Stallard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00569635

Registered office:

The Cellars

Fish Street

Worcester

WR1 2HN

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

NIL

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Cost or valuation

At 1 April 2024

and 31 March 2025

166,800

27,710

8,000

202,510

Depreciation

At 1 April 2024

52,800

27,710

8,000

88,510

Charge for year

2,200

-

-

2,200

At 31 March 2025

55,000

27,710

8,000

90,710

Net book value

At 31 March 2025

111,800

-

-

111,800

At 31 March 2024

114,000

-

-

114,000

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Valuation in 1996

152,113

-

-

152,113

Cost

14,687

27,710

8,000

50,397

166,800

27,710

8,000

202,510

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

14,687

14,687

Aggregate depreciation

4,462

4,462

Value of land in freehold land and buildings

166,800

166,800

Freehold land and buildings were valued on a current use basis on 22 November 1996 by Halls (formerly Humberts) .

The valuation of the freehold land and buildings has been adopted as deemed cost of the asset concerned on transition to FRS102.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,450

18,283

Other debtors

3,932

3,674

20,382

21,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,573

17,579

Taxation and social security

1,211

4,923

Other creditors

21,953

23,838

47,737

46,340

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

101,491

101,491

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

7,000

Ordinary

£1

7,000

7,000

8,000

Preference

£1

8,000

8,000

15,000

15,000

The rights of the preference shareholders include entitlement to receive a cumulative dividend at the rate of 7.5% per annum on paid up capital. This dividend entitlement is in priority to other remaining classes of shares. The shares do not carry an entitlement to vote at a general meeting.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £1,703 (2024: £4,438) owed to the Directors of the company, these loans are unsecured, interest free and repayable on demand

10.	RELATED PARTY DISCLOSURES

Creditors due after more than one year represents amounts due of £101,491 to the executors of a director's parents.