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REGISTERED NUMBER: 05845442 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2022 to 28 June 2023

for

Majestic Developments (NW) Limited

Majestic Developments (NW) Limited (Registered number: 05845442)






Contents of the Financial Statements
for the Period 1 July 2022 to 28 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Majestic Developments (NW) Limited

Company Information
for the Period 1 July 2022 to 28 June 2023







DIRECTORS: J W H Lloyd
D M Lloyd
B G Lloyd





SECRETARY: B G Lloyd





REGISTERED OFFICE: 1D Oxhouse Road
Orrell
Wigan
Lancashire
WN5 7AN





REGISTERED NUMBER: 05845442 (England and Wales)





ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD

Majestic Developments (NW) Limited (Registered number: 05845442)

Balance Sheet
28 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443,440 443,912

CURRENT ASSETS
Debtors 5 24,148 22,048
Cash at bank 21,923 29,578
46,071 51,626
CREDITORS
Amounts falling due within one year 6 86,459 95,099
NET CURRENT LIABILITIES (40,388 ) (43,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,052

400,439

CREDITORS
Amounts falling due after more than one
year

7

434,566

438,666
NET LIABILITIES (31,514 ) (38,227 )

CAPITAL AND RESERVES
Called up share capital 390 390
Retained earnings (31,904 ) (38,617 )
SHAREHOLDERS' FUNDS (31,514 ) (38,227 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 2023 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.

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 6 September 2024 and were signed on its behalf by:




D M Lloyd - Director



B G Lloyd - Director


Majestic Developments (NW) Limited (Registered number: 05845442)

Notes to the Financial Statements
for the Period 1 July 2022 to 28 June 2023

1. STATUTORY INFORMATION

Majestic Developments (NW) 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

Majestic Developments (NW) Limited (Registered number: 05845442)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 28 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 28 June 2023 442,024 8,585 450,609
DEPRECIATION
At 1 July 2022 - 6,697 6,697
Charge for period - 472 472
At 28 June 2023 - 7,169 7,169
NET BOOK VALUE
At 28 June 2023 442,024 1,416 443,440
At 30 June 2022 442,024 1,888 443,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 24,148 22,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Amounts owed to group undertakings 66,103 74,203
Taxation and social security 939 205
Other creditors 19,416 20,690
86,459 95,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 434,566 438,666

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 434,566 438,666

Legal charges and debentures are held over the assets of the company by various institutions.

9. RELATED PARTY DISCLOSURES

During the year payments have been made to DM Lloyd in the amount of £18800 (2022 - £15022) for management fees and these have been charges to the profit and loss account.