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REGISTERED NUMBER: 08344511 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

M.JAMES DEVELOPMENT LIMITED

M.JAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 08344511)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M.JAMES DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M E James





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 08344511 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

M.JAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 08344511)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 425,000 425,000

CURRENT ASSETS
Cash at bank 19,047 95,665

CREDITORS
Amounts falling due within one year 5 184,542 258,994
NET CURRENT LIABILITIES (165,495 ) (163,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,505

261,671

CREDITORS
Amounts falling due after more than one
year

6

(306,050

)

(306,050

)

PROVISIONS FOR LIABILITIES 7 (1,567 ) (1,567 )
NET LIABILITIES (48,112 ) (45,946 )

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 6,680 6,680
Retained earnings (54,793 ) (52,627 )
SHAREHOLDERS' FUNDS (48,112 ) (45,946 )

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

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

The director acknowledges her 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.

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 9 August 2024 and were signed by:





M E James - Director


M.JAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 08344511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

M.James Development 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.

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


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 as modified by the revaluation of certain assets.

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.

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.

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.

Going concern
These financial statements have been prepared on the basis that the company will continue to be a going concern. As at the balance sheet date, current liabilities exceeded current assets by £48,112. The validity of this basis depends upon the continued support of the company's directors, which is expected to be forthcoming.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 425,000
NET BOOK VALUE
At 31 January 2024 425,000
At 31 January 2023 425,000

M.JAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 08344511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2020 (16,753 )
Valuation in 2021 25,000
Cost 416,753
425,000

The director provided the valuation at market value at the balance sheet date.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 184,542 258,994

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 306,050 306,050

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,567 1,567

Deferred
tax
£   
Balance at 1 February 2023 1,567
Movement
Balance at 31 January 2024 1,567

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 6,680

9. ULTIMATE CONTROLLING PARTY

The controlling party is M E James.