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REGISTERED NUMBER: 02003261 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

MAJORACRE LIMITED

MAJORACRE LIMITED (REGISTERED NUMBER: 02003261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAJORACRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs D Y Barton
G S Joiner





REGISTERED OFFICE: 227 Sea Street
Herne Bay
Kent
CT6 8LF





REGISTERED NUMBER: 02003261 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

MAJORACRE LIMITED (REGISTERED NUMBER: 02003261)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 2,101,531 2,101,531
2,101,531 2,101,531

CURRENT ASSETS
Debtors 7 710,187 695,918
Cash at bank 120,400 39,340
830,587 735,258
CREDITORS
Amounts falling due within one year 8 66,601 66,703
NET CURRENT ASSETS 763,986 668,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,865,517

2,770,086

PROVISIONS FOR LIABILITIES 232,643 238,818
NET ASSETS 2,632,874 2,531,268

CAPITAL AND RESERVES
Called up share capital 9 600 600
Fair value reserve 10 1,181,984 1,175,809
Retained earnings 1,450,290 1,354,859
SHAREHOLDERS' FUNDS 2,632,874 2,531,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 9th September 2024 and were signed on its behalf by:





G S Joiner - Director


MAJORACRE LIMITED (REGISTERED NUMBER: 02003261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Majoracre 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. 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.

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.
Plant and machinery etc - 15% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MAJORACRE LIMITED (REGISTERED NUMBER: 02003261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st July 2023
and 30th June 2024 700
DEPRECIATION
At 1st July 2023
and 30th June 2024 700
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 2,101,531
NET BOOK VALUE
At 30th June 2024 2,101,531
At 30th June 2023 2,101,531

The investment properties are included at fair market value, based upon a professional valuation carried out in May 2021. The directors feel this is still a relevant fair value.

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 867 -
Other debtors 66,348 59,968
67,215 59,968

Amounts falling due after more than one year:
Other debtors 642,972 635,950

Aggregate amounts 710,187 695,918

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,708 -
Taxation and social security 36,293 42,749
Other creditors 17,600 23,954
66,601 66,703

MAJORACRE LIMITED (REGISTERED NUMBER: 02003261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary 1 600 600

10. RESERVES
Fair
value
reserve
£   
At 1st July 2023 1,175,809
Transfer fair value reserves 6,175

At 30th June 2024 1,181,984

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
G S Joiner
Balance outstanding at start of year 44,801 25,532
Amounts advanced 4,805 19,269
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,606 44,801