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Registration number: 03255073

Malverncrest Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Malverncrest Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Malverncrest Limited

Company Information

Directors | EG Patchett DH Patchett

Company secretary | DH Patchett

Registered office | 1 West End Farm Mews South Cave Brough East Yorkshire HU15 2EG

Malverncrest Limited

(Registration number: 03255073)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 514 | 799
Investment property | 5 | 250,025 | 250,025
|  | 250,539 | 250,824
Current assets |  |  |
Stocks | 6 | 40,556 | 39,465
Debtors | 7 | 2,889 | 4,843
Cash at bank and in hand |  | 2,799 | 57
|  | 46,244 | 44,365
Creditors: Amounts falling due within one year | 8 | (13,270) | (19,851)
Net current assets |  | 32,974 | 24,514
Net assets |  | 283,513 | 275,338
Capital and reserves |  |  |
Called up share capital |  | 250,000 | 250,000
Other reserves |  | 53,000 | 53,000
Retained earnings |  | (19,487) | (27,662)
Shareholders' funds |  | 283,513 | 275,338

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 July 2026 and signed on its behalf by:

......................................... EG Patchett Director

Malverncrest Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 03255073.

The address of its registered office is:
1 West End Farm Mews
South Cave
Brough
East Yorkshire
HU15 2EG

These financial statements were authorised for issue by the Board on 25 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of plant hire services in the normal course of business, net of discounts and other sales-related taxes.
Turnover from the provision of services is recognised when the service is performed.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Malverncrest Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 25% Reducing balance
Motor Vehicles | 25% Reducing balance
Computer equipment | 33% Cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of services in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Work in progress

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Malverncrest Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

Malverncrest Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 5,732 | 3,752 | 9,484
At 31 December 2025 | 5,732 | 3,752 | 9,484
Depreciation
At 1 January 2025 | 5,203 | 3,482 | 8,685
Charge for the year | 218 | 67 | 285
At 31 December 2025 | 5,421 | 3,549 | 8,970
Carrying amount
At 31 December 2025 | 311 | 203 | 514
At 31 December 2024 | 529 | 270 | 799

5 | Investment properties

| 2025 £
At 1 January | 250,025
At 31 December | 250,025

The investment properties were valued by the director on an open market basis on 31 December 2023.

6 | Work in progress

| 2025 £ | 2024 £
Work in progress | 40,556 | 39,465

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,776 | 3,820
Other debtors | - | 298
Prepayments | 1,113 | 725
| 2,889 | 4,843

Malverncrest Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 9,093 | 16,701
Trade creditors |  | - | 360
Taxation and social security |  | 972 | -
Accruals and deferred income |  | 2,156 | 1,994
Other creditors |  | 1,049 | 796
|  | 13,270 | 19,851

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 2,878
Other borrowings | 9,093 | 13,823
| 9,093 | 16,701

Other borrowings relate to an unsecured directors loan account.

10 | Related party transactions

At the year end the company owed the directors £9,093 (2024: £13,823).This amount is unsecured, interest free and repayable on demand.