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REGISTERED NUMBER: 01078849














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MVJ CAPITAL LIMITED

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

MVJ CAPITAL LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs A Pearcey
G V Pearcey
M Pearcey





SECRETARY: Mrs M Pearcey





REGISTERED OFFICE: 19 Millwood
Lisvane
Cardiff
CF14 0TL





REGISTERED NUMBER: 01078849





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 19,052,231 19,473,037
Investments 6 84,160 84,160
19,136,391 19,557,197

CURRENT ASSETS
Debtors 7 128,127 145,731
Cash at bank 679,571 501,893
807,698 647,624
CREDITORS
Amounts falling due within one year 8 (1,891,118 ) (1,138,458 )
NET CURRENT LIABILITIES (1,083,420 ) (490,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,052,971

19,066,363

CREDITORS
Amounts falling due after more than
one year

9

(7,607,323

)

(9,305,370

)

PROVISIONS FOR LIABILITIES 11 (25,472 ) (27,239 )
NET ASSETS 10,420,176 9,733,754

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Balance Sheet - continued
30 APRIL 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 12 310 310
Retained earnings 13 10,419,866 9,733,444
SHAREHOLDERS' FUNDS 10,420,176 9,733,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 September 2024 and were signed on its behalf by:





M J Pearcey - Director


MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

MVJ Capital Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 15% on cost

No depreciation is provided in respect of Freehold property. This is not in accordance with FRS 15 'Tangible Fixed Assets'. The Freehold properties held by the company are not being depreciated as their residual values equate to the cost at which they are disclosed in the financial statements.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. The assets of the scheme are held in a independently administered scheme.


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2023 19,470,064 12,982 19,483,046
Disposals (420,000 ) - (420,000 )
At 30 April 2024 19,050,064 12,982 19,063,046
DEPRECIATION
At 1 May 2023 - 10,009 10,009
Charge for year - 806 806
At 30 April 2024 - 10,815 10,815
NET BOOK VALUE
At 30 April 2024 19,050,064 2,167 19,052,231
At 30 April 2023 19,470,064 2,973 19,473,037

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 84,160
NET BOOK VALUE
At 30 April 2024 84,160
At 30 April 2023 84,160

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from related parties 46,453 46,453
Prepayments 81,674 99,278
128,127 145,731

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,572,072 511,933
Trade creditors - 7,490
Tax 187,772 75,754
Social security and other taxes 89,384 40,469
Other creditors 16,181 16,181
Directors' current accounts - 440,000
Accrued expenses 25,709 46,631
1,891,118 1,138,458

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 6,983,877 2,523,851
Bank loans more 5 yr by instal 623,446 6,781,519
7,607,323 9,305,370

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 623,446 6,781,519

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,179,395 9,817,303

The above loans are secured on the freehold properties to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,472 27,239

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 27,239
charged to profit and loss (1,767 )
account
Balance at 30 April 2024 25,472

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary 'A' £1 300 300
10 Ordinary 'B' - 'G' £1 10 10
310 310

13. RESERVES
Retained
earnings
£   

At 1 May 2023 9,733,444
Profit for the year 688,422
Dividends (2,000 )
At 30 April 2024 10,419,866

14. CAPITAL COMMITMENTS

At the year end the company had contracted to acquire a further property and £250,000 was paid as a deposit for this shortly after the year end.

15. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £46,453 due from Longford Capital Limited a company under common control.

16. POST BALANCE SHEET EVENTS

Following the year end the company acquired the entire share capital of Selfwood Residential Limited , the assets and liabilities of that company were transferred up to the company by way of a hive up agreement.

MVJ CAPITAL LIMITED (REGISTERED NUMBER: 01078849)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

17. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Pearcey.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MVJ Capital Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MVJ Capital Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MVJ Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MVJ Capital Limited and state those matters that we have agreed to state to the Board of Directors of MVJ Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MVJ Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MVJ Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MVJ Capital Limited. You consider that MVJ Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MVJ Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


20 September 2024