Company registration number 5124752 (England and Wales)
MAGUIRE JACKSON PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
MAGUIRE JACKSON PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MAGUIRE JACKSON PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
311,596
311,596
Current assets
Debtors
4
63,029
497,590
Cash at bank and in hand
1
2
63,030
497,592
Creditors: amounts falling due within one year
5
(191,514)
(645,392)
Net current liabilities
(128,484)
(147,800)
Total assets less current liabilities
183,112
163,796
Creditors: amounts falling due after more than one year
6
(21,000)
-
0
Net assets
162,112
163,796
Capital and reserves
Called up share capital
2
2
Revaluation reserve
7
38,499
38,499
Profit and loss reserves
123,611
125,295
Total equity
162,112
163,796

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 31 October 2023
Mr Philip Adrian John Jackson
Director
Company registration number 5124752 (England and Wales)
MAGUIRE JACKSON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Maguire Jackson Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 George Street, Birmingham, West Midlands, United Kingdom, B3 1QG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Investment property
2023
£
Fair value
At 1 August 2022 and 31 July 2023
311,596

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

MAGUIRE JACKSON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
63,029
497,590
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,000
131,465
Other creditors
182,514
513,927
191,514
645,392
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,000
-
0
7
Revaluation reserve
2023
2022
£
£
At the beginning and end of the year
38,499
38,499
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