MAJOR PROPERTIES LONDON LIMITED

Company Registration Number:
03733647 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

MAJOR PROPERTIES LONDON LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

MAJOR PROPERTIES LONDON LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,909,235 6,909,235
Investments: 4 199 199
Total fixed assets: 6,909,434 6,909,434
Current assets
Cash at bank and in hand: 1,311,028 1,134,573
Total current assets: 1,311,028 1,134,573
Creditors: amounts falling due within one year:   (143,412) (72,213)
Net current assets (liabilities): 1,167,616 1,062,360
Total assets less current liabilities: 8,077,050 7,971,794
Creditors: amounts falling due after more than one year: 5 (6,356,952) (6,424,432)
Total net assets (liabilities): 1,720,098 1,547,362
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:61,311,0331,311,033
Profit and loss account: 409,063 236,327
Shareholders funds: 1,720,098 1,547,362

The notes form part of these financial statements

MAJOR PROPERTIES LONDON LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 December 2024
and signed on behalf of the board by:

Name: G M Stein
Status: Director

The notes form part of these financial statements

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 6,909,235
At 30 April 2024 6,909,235
Net book value
At 30 April 2024 6,909,235
At 30 April 2023 6,909,235

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

Investment in subsidiary undertakings £199 The company owns 99% of the issued share capital of Seedwell Limited and 100% of the issued share capital of Rosedale Limited. Both of these companies were incorporated in England and Wales.

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

Bank loans £678,481 (2023 - £680,642)

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Revaluation reserve

2024
£
Balance at 01 May 2023 1,311,033
Surplus or deficit after revaluation 0
Balance at 30 April 2024 1,311,033

MAJOR PROPERTIES LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Related party transactions

Name of the related party: Seedwell Limited
Relationship:
Subsidiary company
Description of the Transaction: Amount due to Seedwell Limited
£
Balance at 01 May 2023 814,143
Balance at 30 April 2024 838,568
Name of the related party: Rosedale Limited
Relationship:
Subsidiary company
Description of the Transaction: Amount due to Rosedale Limited
£
Balance at 01 May 2023 493
Balance at 30 April 2024 493
Name of the related party: Watches International Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Watches International Limited
£
Balance at 01 May 2023 2,725,674
Balance at 30 April 2024 2,636,123
Name of the related party: Timepieces International Inc
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Timepieces International Inc.
£
Balance at 01 May 2023 1,502,742
Balance at 30 April 2024 1,502,742
Name of the related party: Brookheath Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Brookheath Limited
£
Balance at 01 May 2023 238,732
Balance at 30 April 2024 238,732
Name of the related party: Seasonvale Limited
Relationship:
A company in which G Stein is a director and shareholder
Description of the Transaction: Amount due to Seasonvale Limited
£
Balance at 01 May 2023 461,906
Balance at 30 April 2024 461,906

During the year the company paid interest on related company loans as follows : Seedwell Limited £24,424 (2023 - £7,179) Watches International Limited £80,651 (2023 - £79,437)