M. J. F. Properties Limited 03200908 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of property ownership Digita Accounts Production Advanced 6.30.9574.0 true 03200908 2024-04-01 2025-03-31 03200908 2025-03-31 03200908 core:CurrentFinancialInstruments 2025-03-31 03200908 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03200908 core:OfficeEquipment 2025-03-31 03200908 core:PlantMachinery 2025-03-31 03200908 bus:SmallEntities 2024-04-01 2025-03-31 03200908 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03200908 bus:FilletedAccounts 2024-04-01 2025-03-31 03200908 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03200908 bus:RegisteredOffice 2024-04-01 2025-03-31 03200908 bus:Director1 2024-04-01 2025-03-31 03200908 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03200908 core:OfficeEquipment 2024-04-01 2025-03-31 03200908 core:PlantMachinery 2024-04-01 2025-03-31 03200908 countries:EnglandWales 2024-04-01 2025-03-31 03200908 2024-03-31 03200908 core:OfficeEquipment 2024-03-31 03200908 core:PlantMachinery 2024-03-31 03200908 2023-04-01 2024-03-31 03200908 2024-03-31 03200908 core:CurrentFinancialInstruments 2024-03-31 03200908 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 03200908

M. J. F. Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

M. J. F. Properties Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

M. J. F. Properties Limited

(Registration number: 03200908)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,539

-

Investment property

5

87,500

85,000

 

90,039

85,000

Current assets

 

Debtors

6

447

2,184

Cash at bank and in hand

 

15,316

17,568

 

15,763

19,752

Creditors: Amounts falling due within one year

7

(12,014)

(15,196)

Net current assets

 

3,749

4,556

Net assets

 

93,788

89,556

Capital and reserves

 

Called up share capital

100

100

Other reserves

37,841

35,341

Retained earnings

55,847

54,115

Shareholders' funds

 

93,788

89,556

For the financial year ending 31 March 2025 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 year 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 Profit and Loss Account.

 

M. J. F. Properties Limited

(Registration number: 03200908)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 24 May 2025 and signed on its behalf by:
 

.........................................
M J Fidler
Director

 

M. J. F. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5% per annum of costs

Office equipment

25% per annum of costs

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.

 

M. J. F. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

M. J. F. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

-

482

482

Additions

2,560

-

2,560

At 31 March 2025

2,560

482

3,042

Depreciation

At 1 April 2024

-

482

482

Charge for the year

21

-

21

At 31 March 2025

21

482

503

Carrying amount

At 31 March 2025

2,539

-

2,539

5

Investment properties

2025
£

At 1 April

85,000

Fair value adjustments

2,500

At 31 March

87,500

The directors have considered the fair value of the company's investment property as at 31 March 2025 and have provided a valuation based on market value.

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

 

M. J. F. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current

2025
£

2024
£

Trade debtors

-

2,184

Other debtors

447

-

 

447

2,184

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

-

182

Other creditors

12,014

15,014

12,014

15,196

8

Related party transactions

M J Fidler (director) had a loan with the company. At the balance sheet date the amount due to M J Fidler was £10,014 (2024: £13,014).