Malisna Limited - Accounts to registrar (filleted) - small 18.2
Malisna Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 1 JULY 2019 |
| FOR |
| MALISNA LIMITED |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 1 July 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MALISNA LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 1 July 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bank House |
| 20A Strathearn Road |
| Edinburgh |
| EH9 2AB |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| BALANCE SHEET |
| 1 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| BALANCE SHEET - continued |
| 1 July 2019 |
| 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 on |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 1 July 2019 |
| 1. | STATUTORY INFORMATION |
| Malisna Limited is a |
| and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income from the rental of investment properties, exclusive of value added tax. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Investment property is shown at the most recent Fair Value. An external professional valuation is obtained when it |
| is considered appropriate and the directors' own valuation is included in intervening years. Any aggregate surplus |
| or deficit arising from changes in market value is transferred to the fair value reserve. |
| 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. |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 1 July 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 2 July 2018 |
| and 1 July 2019 |
| NET BOOK VALUE |
| At 1 July 2019 |
| At 1 July 2018 |
| Fair value at 1 July 2019 is represented by: |
| £ |
| Valuation in 2019 | 830,932 |
| Cost | 275,030 |
| 1,105,962 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 275,050 | 275,030 |
| Investment properties were valued on a fair value basis on 1 July 2019 by the director, Mrs J A Minty . |
| 5. | DEBTORS |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year: |
| Other loans | 2,544 | 2,544 |
| Tax |
| Prepayments and accrued income |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 1 July 2019 |
| 5. | DEBTORS - continued |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due after more than one year: |
| Other debtors |
| Other loans | 200,000 | 200,000 |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 246 | 246 |
| 7. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 2 July 2018 |
| and 1 July 2019 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 1 July 2019 and 1 July 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| During the year under review the director Mrs J A Minty continued to be in receipt of a loan from the company. |
| The company made a long term advance of £200,000 to assist with a property purchase. The loan is repayable on |
| disposal of the property and ongoing interest will be accounted for via a personal benefit in kind. |
| MALISNA LIMITED (REGISTERED NUMBER: SC083632) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 1 July 2019 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors |