ACCOUNTS - Final Accounts

MALIBU CORPORATION LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true22021-01-01No description of principal activitytruetrue2 01684351 2021-01-01 2021-12-31 01684351 2020-01-01 2020-12-31 01684351 2021-12-31 01684351 2020-12-31 01684351 c:Director2 2021-01-01 2021-12-31 01684351 d:CurrentFinancialInstruments 2021-12-31 01684351 d:CurrentFinancialInstruments 2020-12-31 01684351 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01684351 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 01684351 d:ShareCapital 2021-12-31 01684351 d:ShareCapital 2020-12-31 01684351 c:OrdinaryShareClass1 2021-01-01 2021-12-31 01684351 c:OrdinaryShareClass1 2021-12-31 01684351 c:OrdinaryShareClass1 2020-12-31 01684351 c:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 01684351 c:FRS102 2021-01-01 2021-12-31 01684351 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 01684351 c:FullAccounts 2021-01-01 2021-12-31 01684351 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01684351 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01684351

MALIBU CORPORATION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

MALIBU CORPORATION LIMITED

REGISTERED NUMBER: 01684351

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		-		100
			-		100
Current assets
Debtors: amounts falling due within one year	5	10,000		10,000
		10,000		10,000
Creditors: amounts falling due within one year	6	-		(100)
Net current assets			10,000		9,900
Total assets less current liabilities			10,000		10,000

Net assets			10,000		10,000

Capital and reserves
Called up share capital	7	10,000	10,000
		10,000	10,000

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MALIBU CORPORATION LIMITED

REGISTERED NUMBER: 01684351

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2021

For the year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 comprehensive income 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 on 16 September 2022.

B S Dale

Director

The notes on pages 3 to 4 form part of these financial statements.

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MALIBU CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Malibu Corporation Limited is a company limited by shares and incorporated in England and Wales. The address of the registered office is Units 3&4 Dana Trading Estate, Transfesa Road, Paddock Wood, Kent, England, TN12 6UU.
The company's principal activity was the distribution of catering equipment, but during the prior year the company ceased trading and will be dormant for the foreseeable future.

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.

2.2

Going concern

The trade of the company was transferred to a fellow group company, Jestic Limited, in December 2019. As a result of this the company has ceased trading and will remain dormant for the foreseeable future. Notwithstanding, the financial statements have been prepared using the going concern basis as in the opinion of the directors there would be little material difference in not applying the going concern basis.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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MALIBU CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4.	Fixed asset investments

		Shares in subsidiary under-takings
		£

	At 1 January 2021	100
	Disposals	(100)
	At 31 December 2021	-

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	10,000	10,000
	10,000	10,000

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	-	100
	-	100

7.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

10,000 (2020 - 10,000) Ordinary shares shares of £1.00 each	10,000	10,000

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