Company Registration No. 13073020 (England and Wales)
Mj Realty Ltd
Unaudited accounts
for the year ended 31 December 2024
Mj Realty Ltd
Unaudited accounts
Contents
Mj Realty Ltd
Company Information
for the year ended 31 December 2024
Directors
Johan Nieuwenhuys
Maarika Joemaa-White
Company Number
13073020 (England and Wales)
Registered Office
2 Seacliffe South Coast Road
Telscombe Cliffs
Peacehaven
BN10 7AE
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Mj Realty Ltd
Statement of financial position
as at 31 December 2024
Investment property
196,953
196,953
Cash at bank and in hand
2,430
8,797
Creditors: amounts falling due within one year
(63,275)
(62,963)
Net current liabilities
(60,845)
(54,166)
Total assets less current liabilities
136,108
142,787
Creditors: amounts falling due after more than one year
(142,330)
(142,330)
Net (liabilities)/assets
(6,222)
457
Called up share capital
2
2
Profit and loss account
(6,224)
455
Shareholders' funds
(6,222)
457
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by
Johan Nieuwenhuys
Director
Company Registration No. 13073020
Mj Realty Ltd
Notes to the Accounts
for the year ended 31 December 2024
Mj Realty Ltd is a private company, limited by shares, registered in England and Wales, registration number 13073020. The registered office is 2 Seacliffe South Coast Road, Telscombe Cliffs, Peacehaven, BN10 7AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2024
196,953
At 31 December 2024
196,953
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
107
107
Loans from directors
62,809
62,497
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
142,330
142,330
Mj Realty Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).