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REGISTERED NUMBER: 00770050 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 6 AUGUST 2024

FOR

M.J. HAINES LIMITED

M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.J. HAINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 6 AUGUST 2024







DIRECTORS: Mrs M M Haines
A J Haines
Mrs J M Brown





SECRETARY: Mrs M M Haines





REGISTERED OFFICE: Stable Cottage
Butlers Lane
Long Compton
Shipston On Stour
Warwickshire
CV36 5JZ





REGISTERED NUMBER: 00770050 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

BALANCE SHEET
6 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,487 11,294
Investment property 5 1,048,000 1,048,000
1,056,487 1,059,294

CURRENT ASSETS
Debtors 6 1,156 36,077
Cash at bank 70,037 52,376
71,193 88,453
CREDITORS
Amounts falling due within one year 7 16,826 11,881
NET CURRENT ASSETS 54,367 76,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110,854

1,135,866

PROVISIONS FOR LIABILITIES 186,375 142,178
NET ASSETS 924,479 993,688

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Other reserves 30,000 30,000
Fair value reserve 8 774,919 819,140
Retained earnings 111,560 136,548
SHAREHOLDERS' FUNDS 924,479 993,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 August 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.

M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

BALANCE SHEET - continued
6 AUGUST 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 3 December 2024 and were signed on its behalf by:




Mrs M M Haines - Director



Mrs J M Brown - Director


M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 AUGUST 2024


1. STATUTORY INFORMATION

M.J. Haines 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received from property lettings.

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 - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance

Investment property
Investment property is included at fair value. Gains or losses are recognised in the Income Statement. Deferred taxation is provided on these gains at the rates expected to apply when the property is sold. Any fair value gains in the Income statement are carried forward net of applicable deferred tax in a non distributable fair value reserve.

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.

M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 6 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 7 August 2023
and 6 August 2024 19,716 1,829 21,545
DEPRECIATION
At 7 August 2023 8,759 1,492 10,251
Charge for year 2,739 68 2,807
At 6 August 2024 11,498 1,560 13,058
NET BOOK VALUE
At 6 August 2024 8,218 269 8,487
At 6 August 2023 10,957 337 11,294

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 7 August 2023
and 6 August 2024 1,048,000
NET BOOK VALUE
At 6 August 2024 1,048,000
At 6 August 2023 1,048,000

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

2024 2023
£ £
Cost 88,828 88,828

Butlers House and 38 Greenhill Street were valued by the directors on an open market basis in August 2022. The value of the properties at the year end is £1,048,000 (2023 - £1,048,000).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,156 36,077

M.J. HAINES LIMITED (REGISTERED NUMBER: 00770050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 6 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,725 8,481
Other creditors 11,101 3,400
16,826 11,881

8. RESERVES
Fair
value
reserve
£   
At 7 August 2023 819,140
Deferred tax adjustment (44,221 )

At 6 August 2024 774,919

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 6 August 2024 and 6 August 2023:

2024 2023
£    £   
A J Haines
Balance outstanding at start of year 17,500 -
Amounts advanced - 17,500
Amounts repaid (17,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,500

Mrs J M Brown
Balance outstanding at start of year 17,500 -
Amounts advanced - 17,500
Amounts repaid (17,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,500