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REGISTERED NUMBER: 10845083 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024

FOR

MJK CHAMBERS LTD

MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJK CHAMBERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: J Meahet
A Sanghera





REGISTERED OFFICE: 5 The Quadrant
Coventry
CV1 2EL





REGISTERED NUMBER: 10845083 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,253 1,815
Investment property 5 - 812,939
1,253 814,754

CURRENT ASSETS
Debtors 6 816,884 675,900
Cash at bank 4,776 51,213
821,660 727,113
CREDITORS
Amounts falling due within one year 7 441,680 851,798
NET CURRENT ASSETS/(LIABILITIES) 379,980 (124,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,233

690,069

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 381,133 689,969
381,233 690,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

BALANCE SHEET - continued
30 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 23 December 2024 and were signed on its behalf by:




J Meahet - Director



A Sanghera - Director


MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

MJK Chambers Ltd 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.

3. EMPLOYEES AND DIRECTORS

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

MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2023
and 30 March 2024 4,501 2,014 6,515
DEPRECIATION
At 31 March 2023 3,787 913 4,700
Charge for year 238 324 562
At 30 March 2024 4,025 1,237 5,262
NET BOOK VALUE
At 30 March 2024 476 777 1,253
At 30 March 2023 714 1,101 1,815

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023 812,939
Additions 2,100
Disposals (815,039 )
At 30 March 2024 -
NET BOOK VALUE
At 30 March 2024 -
At 30 March 2023 812,939

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 568,800 675,900
Other debtors 248,084 -
816,884 675,900

MJK CHAMBERS LTD (REGISTERED NUMBER: 10845083)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,652 16,571
Amounts owed to group undertakings 299,043 661,346
Taxation and social security 118,273 131,701
Other creditors 21,712 42,180
441,680 851,798