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REGISTERED NUMBER: 09988843 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MDJ Properties Limited

MDJ Properties Limited (Registered number: 09988843)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDJ Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D R Lane
M A Lane





SECRETARY: Mrs D R Lane





REGISTERED OFFICE: 6 Park Lane
Old Basing
Basingstoke
Hampshire
RG24 7HE





REGISTERED NUMBER: 09988843 (England and Wales)






MDJ Properties Limited (Registered number: 09988843)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,275,000 1,275,000

CURRENT ASSETS
Cash at bank 14,994 16,868

CREDITORS
Amounts falling due within one year 5 32,411 40,957
NET CURRENT LIABILITIES (17,417 ) (24,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,257,583

1,250,911

CREDITORS
Amounts falling due after more than one
year

6

(837,632

)

(869,432

)

PROVISIONS FOR LIABILITIES (38,623 ) (38,623 )
NET ASSETS 381,328 342,856

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 161,108 161,108
Retained earnings 220,120 181,648
SHAREHOLDERS' FUNDS 381,328 342,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MDJ Properties Limited (Registered number: 09988843)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





M A Lane - Director


MDJ Properties Limited (Registered number: 09988843)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

MDJ Properties Limited 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.

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.

Turnover
Turnover is measured as rents received, excluding value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

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.


MDJ Properties Limited (Registered number: 09988843)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


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. It includes the tax due if the properties were sold for the revalued sum after indexation.

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 an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,275,000
NET BOOK VALUE
At 31 March 2024 1,275,000
At 31 March 2023 1,275,000


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 11 8,557
Other creditors 32,400 32,400
32,411 40,957

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 837,632 869,432

MDJ Properties Limited (Registered number: 09988843)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Directors' loan 870,032 901,832

The directors' loan is secured against the investment properties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 161,108

10. RELATED PARTY DISCLOSURES

At the year end the balance outstanding to the directors was £870,032 (2023: £901,832)