Company Registration No. 10902647 (England and Wales)
M&J PROPERTY HOLDINGS LIMITED
Unaudited accounts
for the year ended 31 August 2023
M&J PROPERTY HOLDINGS LIMITED
Unaudited accounts
Contents
M&J PROPERTY HOLDINGS LIMITED
Company Information
for the year ended 31 August 2023
Directors
Michael Smith
Geoffrey Smith
Company Number
10902647 (England and Wales)
Registered Office
UNIT 8
THE QUAD, MERCURY COURT
CHESTER
CH1 4QP
UNITED KINGDOM
Accountants
KLAS ACCOUNTANTS LTD
Eastham Hall
109, Eastham Village Road
Eastham
Wirral
CH62 0AF
M&J PROPERTY HOLDINGS LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
570,421
67,181
Cash at bank and in hand
4,264
5,026
Creditors: amounts falling due within one year
(565,359)
(53,705)
Net current liabilities
(559,416)
(48,679)
Total assets less current liabilities
11,005
18,502
Creditors: amounts falling due after more than one year
(42,524)
-
Net (liabilities)/assets
(31,519)
18,502
Called up share capital
2
2
Profit and loss account
(31,521)
18,500
Shareholders' funds
(31,519)
18,502
For the year ending 31 August 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Michael Smith
Director
Company Registration No. 10902647
M&J PROPERTY HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2023
M&J PROPERTY HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10902647. The registered office is UNIT 8, THE QUAD, MERCURY COURT, CHESTER, CH1 4QP, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
2% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings
At 1 September 2022
73,021
Charge for the year
11,760
M&J PROPERTY HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
49,248
Amounts owed to group undertakings and other participating interests
196,000
-
Taxes and social security
-
1,679
Loans from directors
367,819
1,238
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).