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REGISTERED NUMBER: SC606457 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2021

for

M & J Group Limited

M & J Group Limited (Registered number: SC606457)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

M & J Group Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: M T Rodger
Mrs M M Rodger
Miss L M Rodger





REGISTERED OFFICE: 150 Lynedoch Street
Greenock
PA15 4AJ





REGISTERED NUMBER: SC606457 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

M & J Group Limited (Registered number: SC606457)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,395,423 7,395,423

CURRENT ASSETS
Cash at bank and in hand 93,209 148,323

CREDITORS
Amounts falling due within one year 5 4,916,873 4,804,971
NET CURRENT LIABILITIES (4,823,664 ) (4,656,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,571,759

2,738,775

CREDITORS
Amounts falling due after more than one
year

6

1,916,167

2,431,684
NET ASSETS 655,592 307,091

CAPITAL AND RESERVES
Called up share capital 700 700
Retained earnings 654,892 306,391
655,592 307,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 14 September 2022 and were signed on its behalf by:



M T Rodger - Director


M & J Group Limited (Registered number: SC606457)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

M & J Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments held as fixed assets are stated at cost less provision for diminution in value.

Taxation
The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

M & J Group Limited (Registered number: SC606457)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 7,395,423
NET BOOK VALUE
At 31 December 2021 7,395,423
At 31 December 2020 7,395,423

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 389,500 389,500
Amounts owed to group undertakings 4,513,431 4,410,075
Other creditors 13,942 5,396
4,916,873 4,804,971

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 1,016,167 1,531,684
Other creditors 900,000 900,000
1,916,167 2,431,684

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,167 528,684

7. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 1,405,667 1,921,184

The Royal Bank of Scotland has a bond and floating charge over all of the company's assets.

8. RELATED PARTY DISCLOSURES

M&J Group Limited owed M&J Builders Merchants Limited, a group company, £278,403 at 31 December 2021 (2020 - £263,762). This is an interest free loan with no fixed repayment date.

M&J Group Limited owed South Lanarkshire Building Supplies Limited, a group company, £4,235,028 at 31 December 2020 (2020 - £4,146,313). This is an interest free loan with no fixed repayment date.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M & J Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & J Group Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of M & J Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & J Group Limited and state those matters that we have agreed to state to the Board of Directors of M & J Group Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M & J Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & J Group Limited. You consider that M & J Group 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 financial statements of M & J Group 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 financial statements.






Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG


14 September 2022