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REGISTERED NUMBER: 12355371 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JH MUIRFIELD LIMITED

JH MUIRFIELD LIMITED (REGISTERED NUMBER: 12355371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JH MUIRFIELD LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: Mr J V T Rajah





REGISTERED OFFICE: Suite 5
88 Lower Marsh
London
SE1 7AB





REGISTERED NUMBER: 12355371 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

JH MUIRFIELD LIMITED (REGISTERED NUMBER: 12355371)

ABRIDGED BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 8,612 8,579
Cash at bank 35 109
8,647 8,688
CREDITORS
Amounts falling due within one year 294,843 286,509
NET CURRENT LIABILITIES (286,196 ) (277,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(286,196

)

(277,821

)

CREDITORS
Amounts falling due after more than one
year

4

38,233

45,677
NET LIABILITIES (324,429 ) (323,498 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (324,439 ) (323,508 )
(324,429 ) (323,498 )

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

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

The director acknowledges his 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.

JH MUIRFIELD LIMITED (REGISTERED NUMBER: 12355371)

ABRIDGED BALANCE SHEET - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 May 2025 and were signed by:





Mr J V T Rajah - Director


JH MUIRFIELD LIMITED (REGISTERED NUMBER: 12355371)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

JH Muirfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The 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.

Going concern
The financial statements have been prepared on the going concern basis. The directors have considered relevant information, including the annual budget, the timing of the future cashflows, and the impact of subsequent events in making their assessment.

As part of the going concern assessment, the directors have also taken into account the assurances from members that further funds will be made available to support the company's working capital requirements, if needed.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

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

JH MUIRFIELD LIMITED (REGISTERED NUMBER: 12355371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans 9,069 16,627

5. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.