Registration number:
Maltarch Limited
for the Year Ended 31 August 2019
Chartered Accountants
St Matthew's House
Quays Office Park
Conference Avenue
Portishead
Bristol
BS20 7LZ
Maltarch Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Maltarch Limited
Company Information
Director |
Mr Donald Victor Corp |
Company secretary |
Mrs Peggy Alice Corp |
Registered office |
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Accountants |
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Page 1 |
Maltarch Limited
Director's Report for the Year Ended 31 August 2019
The director presents his report and the financial statements for the year ended 31 August 2019.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of a holding company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Company secretary
Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Maltarch Limited
for the Year Ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Maltarch Limited for the year ended 31 August 2019 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Maltarch Limited, as a body, in accordance with the terms of our engagement letter dated 27 October 2014. Our work has been undertaken solely to prepare for your approval the accounts of Maltarch Limited and state those matters that we have agreed to state to the Board of Directors of Maltarch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maltarch Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Maltarch Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Maltarch Limited. You consider that Maltarch Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Maltarch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Quays Office Park
Conference Avenue
Portishead
Bristol
BS20 7LZ
Page 3 |
Maltarch Limited
(Registration number: 01858680)
Balance Sheet as at 31 August 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
125,229 |
117,565 |
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Total equity |
125,329 |
117,665 |
For the financial year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Company secretary
Page 4 |
Maltarch Limited
Notes to the Financial Statements for the Year Ended 31 August 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life, as follows:
Asset class |
Depreciation method and rate |
Land |
£ Nil |
Buildings |
Straight line over 50 years |
Investments
Fixed asset investments are stated at historical cost less provision for any permanent diminution in value.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Page 5 |
Maltarch Limited
Notes to the Financial Statements for the Year Ended 31 August 2019
Financial instruments
Classification
Page 6 |
Maltarch Limited
Notes to the Financial Statements for the Year Ended 31 August 2019
Tangible assets |
Freehold land and buildings |
Total |
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Cost or valuation |
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At 1 September 2018 |
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At 31 August 2019 |
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Depreciation |
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At 1 September 2018 |
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Charge for the year |
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At 31 August 2019 |
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Net book value |
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At 31 August 2019 |
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At 31 August 2018 |
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Investments |
2019 |
2018 |
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Shares in group undertakings and participating interests |
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Investments in subsidiaries |
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Shares in group undertakings and participating interests |
Subsidiary |
Cost |
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At 1 September 2018 |
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Net book value |
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At 31 August 2019 |
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At 31 August 2018 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Page 7 |
Maltarch Limited
Notes to the Financial Statements for the Year Ended 31 August 2019
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2019 |
2018 |
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Subsidiary undertakings |
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Subsidiary undertakings |
Cam Tyre and Welding Company Ltd The principal activity of Cam Tyre and Welding Company Ltd is |
Debtors |
Note |
2019 |
2018 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Related party transactions |
Summary of transactions with other related parties
Cam Tyre and Welding Company Ltd
(A wholly owned trading subsidiary)
Rent is charged to the subsidiary for use of the business premises at a rate of £12,000 p.a.
There is an intercompany loan relating to expenditure paid for by the subsidiary relating to the company and also includes some undrawn dividends at the balance sheet date. At the balance sheet date the amount due (to)/from Cam Tyre and Welding Company Ltd was (£57,802) (2018 - £48,836).
Page 8 |