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REGISTERED NUMBER: 13546612 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MJB Capital (Lancelot Place) Limited

MJB Capital (Lancelot Place) Limited (Registered number: 13546612)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MJB Capital (Lancelot Place) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M J Bellamy
B D Lloyd





REGISTERED OFFICE: 3 Burlington Gardens
London
W1S 3EP





REGISTERED NUMBER: 13546612 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

MJB Capital (Lancelot Place) Limited (Registered number: 13546612)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investments 4 486,100 486,100

CURRENT ASSETS
Debtors 5 378,260 81,640

CREDITORS
Amounts falling due within one year 6 (1,620 ) (1,590 )
NET CURRENT ASSETS 376,640 80,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,740

566,150

CREDITORS
Amounts falling due after more than one
year

7

(866,000

)

(566,050

)
NET (LIABILITIES)/ASSETS (3,260 ) 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,360 ) -
(3,260 ) 100

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 directors acknowledge their 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 Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:



B D Lloyd - Director


MJB Capital (Lancelot Place) Limited (Registered number: 13546612)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MJB Capital (Lancelot Place) 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.

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. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 486,100
NET BOOK VALUE
At 31 August 2024 486,100
At 31 August 2023 486,100

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 378,260 81,640

MJB Capital (Lancelot Place) Limited (Registered number: 13546612)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,020 1,590
Other creditors 600 -
1,620 1,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 866,000 566,050

8. RELATED PARTY DISCLOSURES

KBL Group Ltd is this company's parent undertaking. The company is also related to CCLP Ltd and MJB Capital Ltd through directorships and shareholdings.

As the balance sheet date the company was owed £378,260 by KBL Group Ltd (2023: £81,590).

As at the balance sheet date the company owed £486,000 to MJB Capital Ltd (2023: £485,950)

As at the balance sheet date the company owed £380,000 to CLLP Ltd (2023: £80,100)

9. ULTIMATE CONTROLLING PARTY

The controlling party is KBL Group Ltd.