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REGISTERED NUMBER: 07570532 (England and Wales)















Financial Statements for the Year Ended 30 October 2023

for

Mj Properties (Liverpool) Limited

Mj Properties (Liverpool) Limited (Registered number: 07570532)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mj Properties (Liverpool) Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: Mrs E McCluskie
M McCluskie





REGISTERED OFFICE: 17 Cambridge Road
Crosby
Liverpool
Merseyside
L23 7TU





REGISTERED NUMBER: 07570532 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Mj Properties (Liverpool) Limited (Registered number: 07570532)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 313,944 313,944

CURRENT ASSETS
Debtors 5 16,634 16,636
Cash at bank - 1,547
16,634 18,183
CREDITORS
Amounts falling due within one year 6 351,165 308,910
NET CURRENT LIABILITIES (334,531 ) (290,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,587

)

23,217

CREDITORS
Amounts falling due after more than
one year

7

25,333

61,331
NET LIABILITIES (45,920 ) (38,114 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (46,020 ) (38,214 )
(45,920 ) (38,114 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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 Properties (Liverpool) Limited (Registered number: 07570532)

Balance Sheet - continued
30 October 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 26 September 2024 and were signed on its behalf by:





M McCluskie - Director


Mj Properties (Liverpool) Limited (Registered number: 07570532)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Mj Properties (Liverpool) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director has considered the consequences of COVID-19 and other events and conditions, and despite losses they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern due to continuing support from the director.

Significant judgements and estimates
The accounts have been prepared as a going concern as the company will be continued to be supported by the director.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and 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.


Mj Properties (Liverpool) Limited (Registered number: 07570532)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 October 2022
and 30 October 2023 313,944
NET BOOK VALUE
At 30 October 2023 313,944
At 30 October 2022 313,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 16,000 16,000
Other debtors 634 636
16,634 16,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 8,167 20,946
Trade creditors 6,587 3,000
Taxation and social security 2,448 3,215
Other creditors 333,963 281,749
351,165 308,910

Mj Properties (Liverpool) Limited (Registered number: 07570532)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans 25,333 61,331