Company Registration No. SC112531 (Scotland)
Malenhold Limited
Unaudited accounts
for the year ended 31 March 2017
Malenhold Limited
Unaudited accounts
Contents
Malenhold Limited
Company Information
for the year ended 31 March 2017
Directors
John B G Harvey
Susan Harvey
Company Number
SC112531 (Scotland)
Registered Office
19 Broomcroft Road
Newton Mearns
Glasgow
G77 5ER
United Kingdom
Accountants
Aird Sakol Ltd
8 Benview Road
Clarkston Toll
Glasgow
G76 7PP
Malenhold Limited
Statement of financial position
as at
31 March 2017
Tangible assets
399,504
399,596
Cash at bank and in hand
478
603
Creditors: amounts falling due within one year
(102,440)
(123,308)
Net current liabilities
(100,802)
(122,177)
Net assets
298,702
277,419
Called up share capital
42
42
Revaluation reserve
74,495
74,495
Profit and loss account
224,165
202,882
Shareholders' funds
298,702
277,419
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 August 2017.
John B G Harvey
Director
Company Registration No. SC112531
Malenhold Limited
Notes to the Accounts
for the year ended 31 March 2017
Malenhold Limited is a private company, limited by shares, registered in Scotland, registration number SC112531. The registered office and principal place of business is 19 Broomcroft Road, Newton Mearns, Glasgow, G77 5ER, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
399,135
2,280
401,415
At 31 March 2017
399,135
2,280
401,415
At 1 April 2016
-
1,819
1,819
Charge for the year
-
92
92
At 31 March 2017
-
1,911
1,911
At 31 March 2017
399,135
369
399,504
At 31 March 2016
399,135
461
399,596
Malenhold Limited
Notes to the Accounts
for the year ended 31 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
5,229
5,247
Loans from directors
96,490
117,340
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).