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REGISTERED NUMBER: 04647511 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MARCUS JONES DEVELOPMENTS LIMITED

MARCUS JONES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04647511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

MARCUS JONES DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M G Jones
C S I Jones





SECRETARY: C S I Jones





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 04647511 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

MARCUS JONES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04647511)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342 402
Investment property 5 895,000 895,000
895,342 895,402

CURRENT ASSETS
Debtors 6 421 -
Cash at bank 2,707 2,940
3,128 2,940
CREDITORS
Amounts falling due within one year 7 118,668 113,848
NET CURRENT LIABILITIES (115,540 ) (110,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,802

784,494

CREDITORS
Amounts falling due after more than one
year

8

375,924

373,244
NET ASSETS 403,878 411,250

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 408,385 408,385
Retained earnings (4,509 ) 2,863
SHAREHOLDERS' FUNDS 403,878 411,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

MARCUS JONES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04647511)

BALANCE SHEET - continued
31 MARCH 2024


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 November 2024 and were signed on its behalf by:





C S I Jones - Director


MARCUS JONES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04647511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Marcus Jones Developments 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation made by the Directors. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 3,999 15,440 1,470 20,909
DEPRECIATION
At 1 April 2023 3,902 15,135 1,470 20,507
Charge for year 14 46 - 60
At 31 March 2024 3,916 15,181 1,470 20,567
NET BOOK VALUE
At 31 March 2024 83 259 - 342
At 31 March 2023 97 305 - 402

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 895,000
NET BOOK VALUE
At 31 March 2024 895,000
At 31 March 2023 895,000

MARCUS JONES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04647511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2011 155,885
Valuation in 2013 15,000
Valuation in 2014 12,500
Valuation in 2019 87,500
Valuation in 2021 145,000
Valuation in 2022 65,000
Cost 414,115
895,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 414,115 414,115

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 421 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT - 2,555
Directors' current accounts 116,029 108,773
Accrued expenses 2,639 2,520
118,668 113,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Capital Home Loans Ltd - 137,321
Kensington mortgages 140,849 -
Precise mortgages 235,075 235,923
375,924 373,244

The bank loans and overdrafts are secured on the company's assets.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 408,385

10. RELATED PARTY DISCLOSURES

At the year end the company owed the director M G Jones £58,014 and the director C Jones £58,015. There are no terms attached to those loans.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARCUS JONES DEVELOPMENTS 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 Marcus Jones Developments Limited for the year ended 31 March 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 Marcus Jones Developments 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 Marcus Jones Developments Limited and state those matters that we have agreed to state to the Board of Directors of Marcus Jones Developments 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 Marcus Jones Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marcus Jones Developments 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 loss of Marcus Jones Developments Limited. You consider that Marcus Jones Developments 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 Marcus Jones Developments 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


19 November 2024