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REGISTERED NUMBER: 08626885 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MJ PROPERTY (NORTH WEST) LIMITED

MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MJ PROPERTY (NORTH WEST) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Mark Hardman
Mrs Jill Amanda Hardman



REGISTERED OFFICE: Swallowfields
Gallopers Lane
Thingwall
Wirral
Merseyside
CH61 7YA



REGISTERED NUMBER: 08626885 (England and Wales)



ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG



SOLICITORS: Percy Hughes & Roberts
19 Hamilton Square
Birkenhead
Merseyside
CH41 6AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MJ Property (North West) 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 MJ Property (North West) Limited for the year ended 31 December 2023 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 MJ Property (North West) 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 MJ Property (North West) Limited and state those matters that we have agreed to state to the Board of Directors of MJ Property (North West) 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 MJ Property (North West) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MJ Property (North West) 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 MJ Property (North West) Limited. You consider that MJ Property (North West) 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 MJ Property (North West) 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.






Butterworth Barlow
Chartered Accountants
Liverpool


18 September 2024

MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 271
Investment property 5 192,682 192,682
192,682 192,953

CURRENT ASSETS
Cash at bank and in hand 1,355 2,208

CREDITORS
Amounts falling due within one year 6 6,289 6,763
NET CURRENT LIABILITIES (4,934 ) (4,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES 187,748 188,398

CREDITORS
Amounts falling due after more than one year 7 176,107 178,442
NET ASSETS 11,641 9,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,541 9,856
SHAREHOLDERS' FUNDS 11,641 9,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

Balance Sheet - continued
31 December 2023


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 18 September 2024 and were signed on its behalf by:





Mr Mark Hardman - Director


MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

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


1. STATUTORY INFORMATION

MJ Property (North West) 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,087
DEPRECIATION
At 1 January 2023 816
Charge for year 271
At 31 December 2023 1,087
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 271

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 192,682
NET BOOK VALUE
At 31 December 2023 192,682
At 31 December 2022 192,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,980 4,980
Tax 459 1,033
Accrued expenses 850 750
6,289 6,763

MJ PROPERTY (NORTH WEST) LIMITED (REGISTERED NUMBER: 08626885)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 4,980 4,980
Bank loans - 2-5 years 14,940 14,940
Bank loans more 5 yr by instal 82,122 86,824
Directors' loan accounts 74,065 71,698
176,107 178,442

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 82,122 86,824

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 107,022 111,724

Bank loans are secured by fixed charges over the properties known as 149A Wallasey Village, Wallasey and 149C Wallasey Village, Wallasey.