Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02628733 Mrs Keilly Barnes Mr Richard Cundiff Mrs Madalane Cundiff iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02628733 2022-12-31 02628733 2023-12-31 02628733 2023-01-01 2023-12-31 02628733 frs-core:CurrentFinancialInstruments 2023-12-31 02628733 frs-core:Non-currentFinancialInstruments 2023-12-31 02628733 frs-core:FurnitureFittings 2023-12-31 02628733 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02628733 frs-core:FurnitureFittings 2022-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 02628733 frs-core:PlantMachinery 2023-12-31 02628733 frs-core:PlantMachinery 2023-01-01 2023-12-31 02628733 frs-core:PlantMachinery 2022-12-31 02628733 frs-core:ShareCapital 2023-12-31 02628733 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02628733 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02628733 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02628733 frs-bus:SmallEntities 2023-01-01 2023-12-31 02628733 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02628733 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02628733 frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:UnlistedNon-exchangeTraded 2022-12-31 02628733 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 02628733 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 02628733 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-bus:Director1 2023-01-01 2023-12-31 02628733 frs-bus:Director2 2023-01-01 2023-12-31 02628733 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02628733 frs-countries:EnglandWales 2023-01-01 2023-12-31 02628733 2021-12-31 02628733 2022-12-31 02628733 2022-01-01 2022-12-31 02628733 frs-core:CurrentFinancialInstruments 2022-12-31 02628733 frs-core:Non-currentFinancialInstruments 2022-12-31 02628733 frs-core:ShareCapital 2022-12-31 02628733 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02628733
M.J.C. Developments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02628733
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,286,262 12,965,422
Investments 5 528,655 460,630
13,814,917 13,426,052
CURRENT ASSETS
Debtors 6 861,779 814,012
Cash at bank and in hand 134,771 501,382
996,550 1,315,394
Creditors: Amounts Falling Due Within One Year 7 (2,022,852 ) (2,017,319 )
NET CURRENT ASSETS (LIABILITIES) (1,026,302 ) (701,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,788,615 12,724,127
Creditors: Amounts Falling Due After More Than One Year 8 (897,088 ) (948,332 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,282,894 ) (1,282,389 )
NET ASSETS 10,608,633 10,493,406
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 10,607,633 10,492,406
SHAREHOLDERS' FUNDS 10,608,633 10,493,406
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Cundiff
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M.J.C. Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02628733 . The registered office is 15a School Street Trading Estate, Hazel Grove, Stockport, Cheshire, SK7 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable for rents and services rendered, net of discounts and value added taxes.
Revenue from Rents
Revenue from Rents is recognised when the significant risks and rewards are received; the amount of revenue can be be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold none
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 2)
4 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 12,936,523 105,489 115,459 13,157,471
Additions 325,174 - - 325,174
As at 31 December 2023 13,261,697 105,489 115,459 13,482,645
Depreciation
As at 1 January 2023 - 101,166 90,883 192,049
Provided during the period - 648 3,686 4,334
As at 31 December 2023 - 101,814 94,569 196,383
Net Book Value
As at 31 December 2023 13,261,697 3,675 20,890 13,286,262
As at 1 January 2023 12,936,523 4,323 24,576 12,965,422
5. Investments
Unlisted
£
Cost
As at 1 January 2023 460,630
Additions 68,025
As at 31 December 2023 528,655
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 528,655
As at 1 January 2023 460,630
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 104,330 85,711
Amounts owed by group undertakings 735,817 675,817
Other debtors 21,632 52,484
861,779 814,012
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,917 719
Bank loans and overdrafts 75,000 100,000
Amounts owed to group undertakings 906,643 900,000
Other creditors 958,509 964,720
Taxation and social security 77,783 51,880
2,022,852 2,017,319
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 897,088 948,332
897,088 948,332
Page 5