ACCOUNTS - Final Accounts

MALRO LIMITED - Company Information

Print Friendly Version

Registered number: 00822712

MALRO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

MALRO LIMITED

REGISTERED NUMBER: 00822712

BALANCE SHEET

AS AT 30 APRIL 2019

		2019		2018
Note		£		£


Current assets
Cash at bank and in hand		25,046		31,961
Creditors: amounts falling due within one year	4	(4,074)		(3,857)
Net current assets			20,972		28,104

Net assets			20,972		28,104

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		20,872	28,004
		20,972	28,104

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G D Obrart

Director

Date: 22 October 2019

The notes on pages 2 to 3 form part of these financial statements.

Page 1

MALRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

1.	General information

Malro Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered number is 00822712. The registered office is Leytonstone House, Leytonstone, London, E11 1GA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis.

2.3

Revenue recognition

The whole of the company's income consists of interest receivable, as detailed in Note 2.6, below.

2.4

Financial instruments

The company only 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

2.5

Creditors

Short term creditors are measured at the transaction price.

2.6

Interest income

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

2.7

Taxation

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 2

MALRO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

Employees

The average monthly number of employees, including directors, during the year was 4 (2018 - 4).

4.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Other creditors	2,274	2,057
Accruals and deferred income	1,800	1,800
	4,074	3,857

5.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

100 (2018 - 100) Ordinary shares of £1 each	100	100

6.	Related party transactions
	At the balance sheet date, the company owed £2,169 (2018 - £1,952) to directors.

Page 3