JM & C Holdings Ltd 10603637 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property investment and management Digita Accounts Production Advanced 6.30.9574.0 true true 10603637 2022-04-01 2023-03-31 10603637 2023-03-31 10603637 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10603637 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10603637 core:LandBuildings 2023-03-31 10603637 bus:SmallEntities 2022-04-01 2023-03-31 10603637 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10603637 bus:FullAccounts 2022-04-01 2023-03-31 10603637 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10603637 bus:RegisteredOffice 2022-04-01 2023-03-31 10603637 bus:Director3 2022-04-01 2023-03-31 10603637 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10603637 core:LandBuildings 2022-04-01 2023-03-31 10603637 countries:EnglandWales 2022-04-01 2023-03-31 10603637 2022-03-31 10603637 core:LandBuildings 2022-03-31 10603637 2021-04-01 2022-03-31 10603637 2022-03-31 10603637 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10603637 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 10603637 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 10603637

JM & C Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

JM & C Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

JM & C Holdings Ltd

(Registration number: 10603637)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

230,251.00

233,633.00

Current assets

 

Cash at bank and in hand

 

6,934.00

4,966.00

Creditors: Amounts falling due within one year

5

-59,392.00

-66,530.00

Net current liabilities

 

-52,458.00

-61,564.00

Total assets less current liabilities

 

177,793.00

172,069.00

Creditors: Amounts falling due after more than one year

5

-110,796.00

-119,182.00

Net assets

 

66,997.00

52,887.00

Capital and reserves

 

Called up share capital

3.00

3.00

Retained earnings

66,994.00

52,884.00

Shareholders' funds

 

66,997.00

52,887.00

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
 

.........................................
Jeffery Halford
Director

 

JM & C Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Drove House
14 Bakers Drove
Rownhams
Southampton
Hampshire
SO16 8AD

These financial statements were authorised for issue by the Board on 31 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

JM & C Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Land and buildings

2% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

JM & C Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

249,097.00

249,097.00

At 31 March 2023

249,097.00

249,097.00

Depreciation

At 1 April 2022

15,464.00

15,464.00

Charge for the year

3,382.00

3,382.00

At 31 March 2023

18,846.00

18,846.00

Carrying amount

At 31 March 2023

230,251.00

230,251.00

At 31 March 2022

233,633.00

233,633.00

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9,173.00

8,577.00

Taxation and social security

 

4,103.00

4,330.00

Accruals and deferred income

 

661.00

643.00

Other creditors

 

45,455.00

52,980.00

 

59,392.00

66,530.00

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

110,796.00

119,182.00