Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-01falseNo description of principal activity2false 09534517 2022-10-31 09534517 2022-11-01 2023-10-31 09534517 2021-10-31 2022-10-30 09534517 2023-10-31 09534517 2022-10-30 09534517 1 2022-11-01 2023-10-31 09534517 d:Director2 2022-11-01 2023-10-31 09534517 c:CurrentFinancialInstruments 2023-10-31 09534517 c:CurrentFinancialInstruments 2022-10-30 09534517 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 09534517 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-30 09534517 c:ShareCapital 2023-10-31 09534517 c:ShareCapital 2022-10-30 09534517 c:RetainedEarningsAccumulatedLosses 2023-10-31 09534517 c:RetainedEarningsAccumulatedLosses 2022-10-30 09534517 d:FRS102 2022-11-01 2023-10-31 09534517 d:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09534517 d:FullAccounts 2022-11-01 2023-10-31 09534517 d:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09534517 6 2022-11-01 2023-10-31 09534517 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 09534517







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


MJ CAPITAL PARTNERS LIMITED






































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MJ CAPITAL PARTNERS LIMITED
REGISTERED NUMBER:09534517



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3
3

  
3
3

Current assets
  

Debtors: amounts falling due within one year
 5 
9,195,705
9,163,768

Cash at bank and in hand
  
-
12,653

  
9,195,705
9,176,421

Creditors: amounts falling due within one year
 6 
(10,907,147)
(10,743,497)

Net current liabilities
  
 
 
(1,711,442)
 
 
(1,567,076)

Total assets less current liabilities
  
(1,711,439)
(1,567,073)

  

Net liabilities
  
(1,711,439)
(1,567,073)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(1,711,441)
(1,567,075)

  
(1,711,439)
(1,567,073)


Page 1

 


MJ CAPITAL PARTNERS LIMITED
REGISTERED NUMBER:09534517


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J H Rosenhaus
Director

Date: 28 February 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


MJ CAPITAL PARTNERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

MJ Capital Partners Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09534517 and registered office address is Octagon Point, 5 Cheapside, London, EC2V 6AA.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the balance sheet date the company has net current liabilities of £1,711,441. The company is supported by Directors loans of £6,211,575 which will not be repaid until such time that the company has sufficient funds to do so. It is therefore the directors' opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 


MJ CAPITAL PARTNERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2022
3



At 31 October 2023
3





5.


Debtors

2023
2022
£
£


Other debtors
9,195,705
9,163,768

9,195,705
9,163,768



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
4,671,672
5,001,148

Other creditors
6,211,575
5,724,749

Accruals and deferred income
23,900
17,600

10,907,147
10,743,497



7.


Related party transactions

Included within debtors are loan balances of £2,669,312 (2022: £2,637,375) owed by subsidiaries.
During the period, interest receivable on these loans amounted to £1,937,257 (2022: £1,749,979). In the year a bad debt of £1,937,257 (2022: £1,749,979) has been provided for in relation to the interest. 
The company had loans due of £6,525,010 to companies with a director in common. A bad debt has been provided for the interest in the year on these loans.


8.


Post balance sheet events

After the year end the directors became aware that loans of £6,525,010 to companies with a director in common were not recoverable. A loan of £2,500,000 was to a company which has entered into administration in September 2024. The remaining £4,525,010 was to a company which started winding down its operations in October 2024 due to financial difficulties. 

 
Page 4