CJ & MW Enterprises Limited 14791812 false 2023-04-11 2024-04-30 2024-04-30 The principal activity of the company is letting of own property. Digita Accounts Production Advanced 6.30.9574.0 true false true 14791812 2023-04-11 2024-04-30 14791812 2024-04-30 14791812 core:CurrentFinancialInstruments 2024-04-30 14791812 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14791812 core:AdditionsToInvestments 2024-04-30 14791812 1 2024-04-30 14791812 2 2024-04-30 14791812 bus:SmallEntities 2023-04-11 2024-04-30 14791812 bus:AuditExemptWithAccountantsReport 2023-04-11 2024-04-30 14791812 bus:FilletedAccounts 2023-04-11 2024-04-30 14791812 bus:SmallCompaniesRegimeForAccounts 2023-04-11 2024-04-30 14791812 bus:RegisteredOffice 2023-04-11 2024-04-30 14791812 bus:Director1 2023-04-11 2024-04-30 14791812 bus:PrivateLimitedCompanyLtd 2023-04-11 2024-04-30 14791812 countries:EnglandWales 2023-04-11 2024-04-30 14791812 1 2023-04-11 2024-04-30 14791812 2 2023-04-11 2024-04-30 14791812 1 2023-04-10 14791812 2 2023-04-10 iso4217:GBP xbrli:pure

Registration number: 14791812

CJ & MW Enterprises Limited

Unaudited Filleted Financial Statements

for the Period from 11 April 2023 to 30 April 2024

 

CJ & MW Enterprises Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

CJ & MW Enterprises Limited

(Registration number: 14791812)
Statement of Financial Position as at 30 April 2024

Note

2024
£

Fixed assets

 

Investment property

4

147,899

Investments

5

100

 

147,999

Current assets

 

Debtors

6

621

Cash at bank and in hand

 

12,407

 

13,028

Creditors: Amounts falling due within one year

7

(144,688)

Net current liabilities

 

(131,660)

Net assets

 

16,339

Capital and reserves

 

Called up share capital

100

Profit and loss account

16,239

Shareholders' funds

 

16,339

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 8 January 2025 and signed on its behalf by:
 


C J Lovell
Director

 

CJ & MW Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26-28 Southernhay East
Exeter
Devon
EX1 1NS

Principal activity

The principal activity of the company is letting of own property.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

CJ & MW Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 30 April 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

CJ & MW Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 30 April 2024 (continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2024
£

Additions

147,899

At 30 April 2024

147,899

There has been no valuation of investment property by an independent valuer.

5

Investments

2024
£

Investments in subsidiaries

100

 

CJ & MW Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 30 April 2024 (continued)

5

Investments (continued)

Subsidiaries

£

Cost or valuation

Additions

100

Provision

Carrying amount

At 30 April 2024

100

6

Debtors

2024
£

Prepayments

621

621

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

2,711

Accruals and deferred income

1,500

Other creditors

140,477

144,688

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Related party transactions

Transactions with directors

 

CJ & MW Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 11 April 2023 to 30 April 2024 (continued)

9

Related party transactions (continued)

2024

At 11 April 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

-

20,050

(65,289)

(45,239)

-

20,050

(65,289)

(45,239)

 

-

40,100

(130,577)

(90,477)