Company Registration No. 9847871 (England and Wales)
MAJ Management Ltd
Unaudited accounts
for the year ended 31 October 2023
MAJ Management Ltd
Unaudited accounts
Contents
MAJ Management Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
264
431
Creditors: amounts falling due within one year
(49,103)
(45,812)
Net current liabilities
(34,853)
(30,462)
Net liabilities
(34,853)
(30,462)
Called up share capital
10
10
Profit and loss account
(34,863)
(30,472)
Shareholders' funds
(34,853)
(30,462)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 29 March 2024 and were signed on its behalf by
Hassan Saeed Al Madi
Director
Company Registration No. 9847871
MAJ Management Ltd
Notes to the Accounts
for the year ended 31 October 2023
MAJ Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 9847871. The registered office is 2nd Floor, 48 Beauchamp Place, London, SW3 1NX.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The company is a going concern. The company is funded and supported by long term shareholders.
Amounts falling due within one year
Amounts due from group undertakings etc.
13,986
14,919
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,311
-
Loans from directors
45,812
44,832
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Transactions with related parties
At the end of the year the company owed £13,986 (2022: £14,919) from Moheet Aljazirah Limited where the director Mr Madi has participating interest.
MAJ Management Ltd
Notes to the Accounts
for the year ended 31 October 2023
The company was under the control of Mr Hassan Saeed Al-Madi throughout the year. Mr Madi is the managing director and majority shareholder.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).