Malmon Property Company Limited


Directors	Mrs J E Cleland
	Mrs R H Johnson
	Mrs A M Langridge
	Mrs C M Ledger


Company Secretary	Mrs A M Langridge


Registered Address	2 Hobson Court
	Penrith 40 Business Park
	Penrith
	CA11 9GQ


Registered Number	00670467 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		431		92
Investment property	4		723,000		729,000
			723,431		729,092
Current assets
Debtors	5,6	186,321		206,881
Cash at bank and on hand		264,093		301,409
		450,414		508,290
Creditors amounts falling due within one year	7	(46,033)		(64,516)
Net current assets (liabilities)			404,381		443,774
Total assets less current liabilities			1,127,812		1,172,866
Provisions for liabilities	8		(153,831)		(146,172)
Net assets			973,981		1,026,694
Capital and reserves
Called up share capital			100		100
Revaluation reserve			769,053		746,076
Profit and loss account			204,828		280,518
Shareholders' funds	10		973,981		1,026,694

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2025, and are signed on its behalf by:

Mrs A M Langridge
Director

Mrs J E Cleland
Director

Registered Company No. 00670467

Malmon Property Company Limited

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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 rendering of services. 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.

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 rendering of services. 

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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 24	2,243	2,243
Additions	479	479
At 30 September 25	2,722	2,722
Depreciation and impairment
At 01 October 24	2,151	2,151
Charge for year	140	140
At 30 September 25	2,291	2,291
Net book value
At 30 September 25	431	431
At 30 September 24	92	92

4.	Investment property
	The investment properties were independently valued by Harris & Birt as of 30 September 2025 on an open market value for an existing use basis.


		£
	Fair value at 01 October 24	729,000
	Disposals	(36,636)
	Fair value adjustments	30,636
	At 30 September 25	723,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	31,729	29,202
Prepayments and accrued income	3,324	-
Total	35,053	29,202

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	151,268	177,679
Total	151,268	177,679

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	20,075	39,029
Accrued liabilities and deferred income	25,958	25,487
Total	46,033	64,516

8.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is in respect of fair value on investment properties.

	2025	2024
	£	£
Net deferred tax liability (asset)	153,831	146,172
Total	153,831	146,172

9.	Directors advances, credits and guarantees
	During the year the company continued to loan funds to a director. As of 1 October 2024, the director owed £54,781 to the company. During the year advances of £1,058 and repayments of £10,339 were made. Interest of £1,238 was charged using HMRC's rate for beneficial loan arrangements. At the balance sheet the company was owed £45,500. During the year the company continued to loan funds to a director. As of 1 October 2024, the director owed £60,000 to the company. During the year advances of £1,130 and repayments of £11,130 were made. Interest of £1,130 was charged using HMRC's rate for beneficial loan arrangements. At the balance sheet the company was owed £50,000. During the year the company continued to loan funds to a director. As of 1 October 2024, the director owed £33,700 to the company. During the year advances of £655 and repayments of £5,655 were made. Interest of £655 was charged using HMRC's rate for beneficial loan arrangements. At the balance sheet the company was owed £28,700.

Directors advances, credits and guarantees

During the year the company continued to loan funds to a director.  As of 1 October 2024, the director owed £54,781 to the company.  During the year advances of £1,058 and repayments of £10,339 were made. Interest of £1,238 was charged using HMRC's rate for beneficial loan arrangements.  At the balance sheet the company was owed £45,500.

During the year the company continued to loan funds to a director.  As of 1 October 2024, the director owed £60,000 to the company.  During the year advances of £1,130 and repayments of £11,130 were made. Interest of £1,130 was charged using HMRC's rate for beneficial loan arrangements.  At the balance sheet the company was owed £50,000.

During the year the company continued to loan funds to a director.  As of 1 October 2024, the director owed £33,700 to the company.  During the year advances of £655 and repayments of £5,655 were made. Interest of £655 was charged using HMRC's rate for beneficial loan arrangements.  At the balance sheet the company was owed £28,700.

10.	Revaluation reserve
	The revaluation reserve represents the amount of unrealised surplus created when the investment properties were revalued, less any deferred tax provision. The reserve represents non-distributable funds.


		£
	Reserve at 01 October 24	746,076
	Revaluations of plant, property and equipment	30,636
	Deferred Tax on Revaluations	(7,659)
	At 30 September 25	769,053

11.	Related party transactions
	The directors and shareholders also manage and control Hudnalls Property Investment Co. Limited. The company owns freehold investment property for which it receives an annual ground rent of £450 (2024 - £450) from Hudnalls Property Investment Co. Limited. The tenants of the investment property pay maintenance costs as a service charge to the company. During the year, the company received £6,448 (2024 - £2,838) from Hudnalls Property Investment Co. Limited. As of the balance sheet date, the company was owed £4,235 (2024 - £634) from Hudnalls Property Investment Co Limited.

11.

Related party transactions

The directors and shareholders also manage and control Hudnalls Property Investment Co. Limited.

The company owns freehold investment property for which it receives an annual ground rent of £450 (2024 - £450) from Hudnalls Property Investment Co. Limited.

The tenants of the investment property pay maintenance costs as a service charge to the company.  During the year, the company received £6,448 (2024 - £2,838) from Hudnalls Property Investment Co. Limited. 

As of the balance sheet date, the company was owed £4,235 (2024 - £634) from Hudnalls Property Investment Co Limited.