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REGISTERED NUMBER: 05265794 (England and Wales)














MMSJ HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2023






MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MMSJ HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2023







Directors: Mr M B Constantinedes
Mr S N Cordingley
Mr J M Barton





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05265794 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 320,759 320,759

CURRENT ASSETS
Debtors 5 641 615
Cash at bank and in hand 28,740 27,448
29,381 28,063
CREDITORS
Amounts falling due within one year 6 19,304 22,655
NET CURRENT ASSETS 10,077 5,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,836

326,167

CREDITORS
Amounts falling due after more than
one year

7

131,701

139,963
NET ASSETS 199,135 186,204

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 35,759 35,759
Retained earnings 163,276 150,345
SHAREHOLDERS' FUNDS 199,135 186,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





Mr M B Constantinedes - Director


MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

MMSJ Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent and services, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 February 2022
and 31 January 2023 320,759
Net book value
At 31 January 2023 320,759
At 31 January 2022 320,759

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2011 (35,759 )
Valuation in 2017 35,759
Cost 320,759
320,759

MMSJ HOLDINGS LIMITED (REGISTERED NUMBER: 05265794)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 641 615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,154 14,154
Trade creditors - 4,689
Taxation and social security 4,194 2,932
Other creditors 956 880
19,304 22,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 131,701 139,963

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,931 69,193