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REGISTERED NUMBER: 12230854 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

MJC Properties & Developments Ltd

MJC Properties & Developments Ltd (Registered number: 12230854)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJC Properties & Developments Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M Charnley





SECRETARY:





REGISTERED OFFICE: 23 Eden Way
Billingham
TS22 5NU





REGISTERED NUMBER: 12230854 (England and Wales)





ACCOUNTANTS: RJB Accounts
26 Principal Road
Redcar
Cleveland
TS10 2GW

MJC Properties & Developments Ltd (Registered number: 12230854)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 163,770 163,770

CURRENT ASSETS
Cash at bank 114 4,408

CREDITORS
Amounts falling due within one year 5 45,672 53,732
NET CURRENT LIABILITIES (45,558 ) (49,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,212

114,446

CREDITORS
Amounts falling due after more than
one year

6

145,073

145,073
NET LIABILITIES (26,861 ) (30,627 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (26,862 ) (30,628 )
SHAREHOLDERS' FUNDS (26,861 ) (30,627 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MJC Properties & Developments Ltd (Registered number: 12230854)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





M Charnley - Director


MJC Properties & Developments Ltd (Registered number: 12230854)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

MJC Properties & Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.

Although the company had net current liabilities of £49324 as at 30 September 2022, these financial statements have been prepared on a going concern basis. The director is of the opinion that future trading results will be sufficient to enable the company to continue in operation for the foreseeable future. The director will provide additional financial support to the company if required.

These financial statements do not include any adjustments that would result should the company not continue to trade.

Preparation of consolidated financial statements
The financial statements contain information about MJC Properties & Developments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income earned in the period, exclusive of value added tax

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort measured at fair value at each reporting date with changes in fair value recognized in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

MJC Properties & Developments Ltd (Registered number: 12230854)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compare to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognized in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 163,770
NET BOOK VALUE
At 30 September 2023 163,770
At 30 September 2022 163,770

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 45,672 53,732

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 145,073 145,073

MJC Properties & Developments Ltd (Registered number: 12230854)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
BTL Mortgages 145,073 145,073

7. SECURED DEBTS

The loan is secured by a fixing and floating charge over the investment property and by a personal guarantee provided by the director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1 Ordinary 1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
M Charnley
Balance outstanding at start of year (39,710 ) (39,710 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,710 ) (39,710 )

10. RELATED PARTY DISCLOSURES

£5249 transferred from Directors other limited company Bells Outside Catering Ltd