M J R Estates Limited 02515623 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is investments. Digita Accounts Production Advanced 6.30.9574.0 true true 02515623 2022-07-01 2023-06-30 02515623 2023-06-30 02515623 bus:OrdinaryShareClass1 2023-06-30 02515623 bus:OrdinaryShareClass2 2023-06-30 02515623 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-06-30 02515623 core:CurrentFinancialInstruments 2023-06-30 02515623 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02515623 bus:SmallEntities 2022-07-01 2023-06-30 02515623 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 02515623 bus:FullAccounts 2022-07-01 2023-06-30 02515623 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 02515623 bus:RegisteredOffice 2022-07-01 2023-06-30 02515623 bus:CompanySecretary1 2022-07-01 2023-06-30 02515623 bus:Director2 2022-07-01 2023-06-30 02515623 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 02515623 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 02515623 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02515623 core:RevaluationReserve 2022-07-01 2023-06-30 02515623 core:OtherRelatedParties 2022-07-01 2023-06-30 02515623 countries:EnglandWales 2022-07-01 2023-06-30 02515623 2021-07-01 2022-06-30 02515623 2022-06-30 02515623 bus:OrdinaryShareClass1 2022-06-30 02515623 bus:OrdinaryShareClass2 2022-06-30 02515623 core:CurrentFinancialInstruments 2022-06-30 02515623 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 02515623 core:RevaluationReserve 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02515623

M J R Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

M J R Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

M J R Estates Limited

Company Information

Director

David Reuben

Company secretary

Carole Reuben

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

 

M J R Estates Limited

(Registration number: 02515623)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

5

1,129,484

1,100,319

Current assets

 

Debtors

6

1,022,726

1,022,727

Cash at bank and in hand

 

107,535

111,320

 

1,130,261

1,134,047

Creditors: Amounts falling due within one year

7

(2,684)

(2,623)

Net current assets

 

1,127,577

1,131,424

Net assets

 

2,257,061

2,231,743

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

89,601

102,814

Profit and loss account

2,167,360

2,128,829

Shareholders' funds

 

2,257,061

2,231,743

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 March 2024
 

 

M J R Estates Limited

(Registration number: 02515623)
Balance Sheet as at 30 June 2023

.........................................
David Reuben
Director

 

M J R Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
3rd Floor
Lawford House
Albert Place
London
N3 1QA
United Kingdom

The principal place of business is:
Flat 2
Ambrosia Court
2 Amethyst Close
Barnet
Herts
EN5 3BF

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.

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.

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.

 

M J R Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

M J R Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 30 June 2023

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2022

1,100,319

1,100,319

Fair value adjustments

(13,213)

(13,213)

Additions

63,016

63,016

Disposals

(20,638)

(20,638)

At 30 June 2023

1,129,484

1,129,484

Impairment

Carrying amount

At 30 June 2023

1,129,484

1,129,484

6

Debtors

Current

2023
£

2022
£

Other debtors

1,022,726

1,022,727

7

Creditors

Creditors: amounts falling due within one year

 

M J R Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

2023
£

2022
£

Due within one year

Trade creditors

1,484

1,423

Accruals and deferred income

1,200

1,200

2,684

2,623

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

'A' ordinary shares of £1 each

20

20

20

20

'B' ordinary shares of £1 each

80

80

80

80

 

100

100

100

100

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(109,579)

(109,579)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(96,366)

(96,366)

10

Related party transactions

Summary of transactions with other related parties

At the balance sheet date the amount due from M & J Reuben Limited was £1,000,000 (2022 - £1,000,000). The Loan is interest free and no repayment terms had been agreed at the balance sheet date.