REGISTERED NUMBER: 05564135 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

MALSHAHZ ACCOUNTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Pesnani

REGISTERED OFFICE:

27 Russell Road

Whetstone

London

N20 0TN

REGISTERED NUMBER:

05564135 (England and Wales)

ACCOUNTANTS:

MalShahz Accountants Ltd

27 Russell Road

Whetstone

London

N20 0TN

FIXED ASSETS

Tangible assets

4

1,174

1,754

CURRENT ASSETS

Work in progress

9,000

10,000

Debtors

5

150,000

100,000

Cash at bank

23,711

62,142

182,711

172,142

CREDITORS

Amounts falling due within one year

6

(26,925

)

(41,617

)

NET CURRENT ASSETS

155,786

130,525

TOTAL ASSETS LESS CURRENT LIABILITIES

156,960

132,279

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

156,956

132,275

SHAREHOLDERS' FUNDS

156,960

132,279

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 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 31 December 2025 and were signed by:

M Pesnani - Director

1.	STATUTORY INFORMATION

MALSHAHZ ACCOUNTANTS 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.

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.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,940

17,426

19,366

DEPRECIATION

At 1 January 2024

1,848

15,764

17,612

Charge for year

31

549

580

At 31 December 2024

1,879

16,313

18,192

NET BOOK VALUE

At 31 December 2024

61

1,113

1,174

At 31 December 2023

92

1,662

1,754

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

150,000

100,000

Included in other debtors is amount of loan of £150,000 (2023: £100,000) given to company registered in England and Wales where shareholder of this company is also shareholder and its secured against the freehold property of the other company.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

24,359

24,904

Other creditors

2,566

16,713

26,925

41,617