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Registration number: 11866245

MJO Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

MJO Holdings Limited

(Registration number: 11866245)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

3

1,424,451

1,424,451

Current assets

 

Debtors

4

120

120

Creditors: Amounts falling due within one year

5

(484,058)

(293,218)

Net current liabilities

 

(483,938)

(293,098)

Total assets less current liabilities

 

940,513

1,131,353

Creditors: Amounts falling due after more than one year

5

(136,923)

(331,917)

Net assets

 

803,590

799,436

Capital and reserves

 

Called up share capital

120

120

Share premium reserve

267,000

267,000

Profit and loss account

536,470

532,316

Total equity

 

803,590

799,436

 

MJO Holdings Limited

(Registration number: 11866245)

Balance Sheet as at 31 December 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 20 September 2024 and signed on its behalf by:
 

.........................................

Mr Martin Lockwood Johnson
Director

.........................................

Mrs Louise Nichola Gordon
Director

.........................................

Mrs Paula Suzanne Hobson
Director

 

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

MJO Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 11866245. The registered office is at 13 Middlewood Road, Sheffield, South Yorkshire, S6 4GU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Investments

Investment
£

Total
£

Cost

At 1 January 2023

1,424,451

1,424,451

At 31 December 2023

1,424,451

1,424,451

Carrying amount

At 31 December 2023

1,424,451

1,424,451

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of Incorporation

Holding

Proportion of voting rights and shares held 2020

Subsidiary undertakings

Martin Johnson Opticians Limited

England

Ordinary

100%

4

Debtors

2023
£

2022
£

Other debtors

120

120

120

120

 

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Bank loans

61,432

57,143

Amounts owed to group undertakings and undertakings in which the company has a participating interest

241,877

182,278

Directors loan account

180,749

53,797

484,058

293,218

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Bank loans

136,923

198,917

Directors loan account

-

133,000

136,923

331,917

The bank loan totalling £198,355 is secured by way of guarantee from the directors.
 

6

Parent and ultimate parent undertaking

The ultimate controlling party of the company is the directors through their 100% shareholding in the company.