CMJ STEPHEN LIMITED

Company Registration Number:
10616719 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

CMJ STEPHEN LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

CMJ STEPHEN LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 251,242 251,242
Total fixed assets: 251,242 251,242
Current assets
Debtors:   224 335
Cash at bank and in hand: 4,336 1,590
Total current assets: 4,560 1,925
Creditors: amounts falling due within one year: 4 (152,381) (152,869)
Net current assets (liabilities): (147,821) (150,944)
Total assets less current liabilities: 103,421 100,298
Creditors: amounts falling due after more than one year: 5 (100,010) (99,957)
Total net assets (liabilities): 3,411 341
Capital and reserves
Called up share capital: 96 96
Profit and loss account: 3,315 245
Shareholders funds: 3,411 341

The notes form part of these financial statements

CMJ STEPHEN LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 November 2023
and signed on behalf of the board by:

Name: Mr L Stephen
Status: Director

The notes form part of these financial statements

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, and represents rental income for the period of the accounts.

Other accounting policies

Investment propertyInvestment properties are properties held to earn rental income. They are initially measured at cost, including transaction costs.Subsequently they are included at market fair value. Gains are recognised in the income statement. Deferred taxation isprovided on these gains at the rate expected to apply when the property is sold.

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Fixed investments

Investment property 2023 £Fair value at 1 March 2022 251,242At 28 February 2023 251,242The directors consider that the valuation of the company's investment property is not materially different to its acquisition costas at the balance sheet date.

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2023 2022 £ £Other creditors 151,238 152,238Corporation tax 481 0Accruals 662 631Totals 152,381 152,869Creditors due within one year include a joint directors' loan account of £151,238 [2022: £152,238]

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 2023 2022 £ £Bank loans 100.010 99,957Aggregate of amounts that fall due for payment after five years 100.010 99,957The company's mortgage account is subject to a charge in the name of Charter Court Financial Services Limited.

CMJ STEPHEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Related party transactions

The secured bank mortgage is secured on the investment property, and the directors have also entered into a joint personalguarantee for £100,000 in respect of this mortgage.