Malin Court Limited
Malin Court Limited
Registered number: SC116218
Financial Statements
For The Year Ended
31 May 2021
McMillan Financial
Page 1
Malin Court Limited
Financial Statements
For The Year Ended
31 May 2021
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Page 2
Malin Court Limited
Balance Sheet
As at
31 May 2021
Balance Sheet
Registered number:
SC116218
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 May 2021 | 31 May 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
|
|
||
| Debtors | 4 |
|
|
||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
| NET LIABILITIES |
( |
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | (212,177) | (212,177) | |||
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Malin Court Limited
Notes to the Financial Statements
For The Year Ended
31 May 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents the invoiced amounts for services, including those provided to Malin Housing Association, excluding Value Added Tax.
1.3.
Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value.
1.4.
Taxation
The charge for taxation is based on the result for the year and takes into account taxation deferred.
Deferred taxation is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS102.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 May 2021 | 31 May 2020 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
|
|
|
||
3.
Stocks
| 31 May 2021 | 31 May 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
|
|
|
||
4.
Debtors
| 31 May 2021 | 31 May 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
|
|
|
||
Page 3
Page 4
Malin Court Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2021
5.
Creditors: Amounts Falling Due Within One Year
| 31 May 2021 | 31 May 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Accruals and deferred income |
|
|
|
| Amounts owed to group undertakings |
|
|
|
|
|
|
||
6.
Share Capital
| 31 May 2021 | 31 May 2020 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
|
|
|
7.
Pension Commitments
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £ni (2018: £20,741).
There were no outstanding or prepaid contributions at either the beginning or end of the financial year.
8.
General Information
Malin Court Limited
Registered number
SC116218
is a limited by shares company incorporated in Scotland. The Registered Office is Malin Court, Turnberry, Ayrshire, KA26 9PB.
Page 4