REGISTERED NUMBER: 05910322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

MTJ Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms MJ Anfield

SECRETARY:

Ms MJ Anfield

REGISTERED OFFICE:

38 Rivelin Park

Kingswood

Hull

East Yorkshire

HU7 3GP

REGISTERED NUMBER:

05910322 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Tangible assets

4

175,277

325,376

CURRENT ASSETS

Debtors

5

168

185

Cash at bank

9,245

3,635

9,413

3,820

CREDITORS

Amounts falling due within one year

6

37,473

41,352

NET CURRENT LIABILITIES

(28,060

)

(37,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

147,217

287,844

CREDITORS

Amounts falling due after more than one year

7

(91,058

)

(204,823

)

PROVISIONS FOR LIABILITIES

(771

)

(4,517

)

NET ASSETS

55,388

78,504

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

8

78,767

78,767

Retained earnings

(23,382

)

(266

)

55,388

78,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 26 May 2025 and were signed by:

Ms MJ Anfield - Director

1.	STATUTORY INFORMATION

MTJ Developments Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Revenue is derived from rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

325,000

398

325,398

Disposals

(150,000

)

-

(150,000

)

At 31 August 2024

175,000

398

175,398

DEPRECIATION

At 1 September 2023

-

22

22

Charge for year

-

99

99

At 31 August 2024

-

121

121

NET BOOK VALUE

At 31 August 2024

175,000

277

175,277

At 31 August 2023

325,000

376

325,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

168

185

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

37,473

41,352

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

91,058

204,823

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

91,058

204,823

8.

RESERVES

Revaluation

reserve

£

At 1 September 2023

and 31 August 2024

78,767