Malco Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05954065 (England and Wales)

MALCO HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Paul

Mrs A J Paul

G J Summers

SECRETARY:

G J Summers

REGISTERED OFFICE:

Lea House

Station Road

Barlaston

Stoke-On-Trent

Staffordshire

ST12 9DA

REGISTERED NUMBER:

05954065 (England and Wales)

FIXED ASSETS

Tangible assets

4

24,326,461

23,932,293

CURRENT ASSETS

Debtors

5

4,152

28,976

Investments

6

13,297,618

12,241,012

Cash at bank

1,410,676

2,074,480

14,712,446

14,344,468

CREDITORS

Amounts falling due within one year

7

1,315,119

2,550,321

NET CURRENT ASSETS

13,397,327

11,794,147

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,723,788

35,726,440

CREDITORS

Amounts falling due after more than one
year

8

(879,069

)

(1,206,339

)

PROVISIONS FOR LIABILITIES

(1,122,266

)

(901,945

)

NET ASSETS

35,722,453

33,618,156

CAPITAL AND RESERVES

Called up share capital

10

123,522

Share premium

11

11,787,271

Retained earnings

11

23,811,660

21,707,363

SHAREHOLDERS' FUNDS

35,722,453

33,618,156

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by:

G J Summers - Director

1.	STATUTORY INFORMATION

Malco Holdings 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Motor vehicles

-

20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation, at the reporting date and as a result of a past event, where it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

COST OR VALUATION

At 1 January 2025

23,891,980

60,560

23,952,540

Additions

-

107,191

Disposals

-

(29,035

)

(29,035

)

Revaluations

333,020

-

333,020

At 31 December 2025

24,225,000

138,716

24,363,716

DEPRECIATION

At 1 January 2025

-

20,247

Charge for year

-

21,358

Eliminated on disposal

-

(4,350

)

(4,350

)

At 31 December 2025

-

37,255

NET BOOK VALUE

At 31 December 2025

24,225,000

101,461

24,326,461

At 31 December 2024

23,891,980

40,313

23,932,293

Freehold property is held for long-term investment purposes.

Cost or valuation at 31 December 2025 is represented by:

Freehold

Motor

property

vehicles

Totals

£

Valuation in 2024

23,891,980

60,560

23,952,540

Valuation in 2025

333,020

78,156

411,176

24,225,000

138,716

24,363,716

If Land & property had not been revalued it would have been included at the following historical cost:

31/12/25

31/12/24

£

Cost

22,291,733

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Trade debtors

(1,586

)

2,696

Other debtors

5,738

26,280

4,152

28,976

6.	CURRENT ASSET INVESTMENTS

31/12/25

31/12/24

£

Listed investments

13,297,618

12,241,012

Current asset investments are included at market value.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Bank loans and overdrafts (see note 9)

343,308

1,453,588

Tax

179,858

454,960

Social security and other taxes

123,385

86,728

Other creditors

562,065

497,750

Accrued expenses

106,503

57,295

1,315,119

2,550,321

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

Bank loans (see note 9)

879,069

1,206,339

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable over

5 years

243,312

591,986

243,312

591,986

9.

LOANS

An analysis of the maturity of loans is given below:

31/12/25

31/12/24

£

Amounts falling due within one year or on demand:

Bank loans

343,308

1,453,588

Amounts falling due between two and five years:

Bank loans - 2-5 years

635,757

614,353

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable over

5 years

243,312

591,986

243,312

591,986

The bank loans are secured by charges on group property. The loans are repayable by instalments and interest is charged at market rates.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

12,352,500

Share capital 1

0.01

123,522

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 January 2025

21,707,363

11,787,271

33,494,634

Profit for the year

2,104,297

At 31 December 2025

23,811,660

11,787,271

35,598,931

Share premium account - This reserve records the amount above the nominal value received for shares sold, less paid for shares acquired, less transaction costs.

Profit and loss account - This reserve records retained earnings, accumulated losses and unrealised gains and losses.

The breakdown of distributable and non-distributable profits is;

2025

2024

£

Distributable

20,444,858

19,001,526

Non-Distributable

3,366,802

2,705,837

23,811,660

21,707,363

12.	RELATED PARTY DISCLOSURES

The company was under the control of M R Paul throughout the current and previous year.

M R Paul is the managing director and majority shareholder.

During the current year and prior year, Malco Holdings Ltd did not have any transactions with related parties that are required to be disclosed.

13.	POST BALANCE SHEET EVENTS

The Directors have considered the Covid-19 pandemic which started at the beginning of the 2020 financial year together with the resultant cost-of-living crisis which has led to a rapid rise in interest rates and therefore borrowing costs.

The impact of the pandemic on the company's business is largely determined by stock market movements, the industrial property sector and the trading fortunes of the company's underlying tenants.

The impact of rising borrowing costs is derived directly from the amount of interest paid on bank loans and overdrafts.

Overall, these impacts have hitherto been well managed and contained. Additionally, as the company continues to have a relatively low level of debt, the Directors have concluded that it is well placed to continue operating successfully for the foreseeable future.