Company Registration No. 12932419 (England and Wales)
MJF Ventures Ltd
Unaudited accounts
for the year ended 31 December 2024
MJF Ventures Ltd
Unaudited accounts
Contents
MJF Ventures Ltd
Company Information
for the year ended 31 December 2024
Directors
Matthew Fulbrook
Joanne Fulbrook
Company Number
12932419 (England and Wales)
Registered Office
7 High Street
Windsor
SL4 1LD
United Kingdom
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
MJF Ventures Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,888
5,889
Cash at bank and in hand
1,737,390
253,249
Creditors: amounts falling due within one year
(1,625)
(17,434)
Net current assets
1,818,359
605,629
Total assets less current liabilities
1,822,368
611,639
Provisions for liabilities
Net assets
1,821,396
610,167
Called up share capital
100
1
Profit and loss account
1,821,296
610,166
Shareholders' funds
1,821,396
610,167
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 3 June 2025 and were signed on its behalf by
Matthew Fulbrook
Director
Company Registration No. 12932419
MJF Ventures Ltd
Notes to the Accounts
for the year ended 31 December 2024
MJF Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 12932419. The registered office is 7 High Street, Windsor, SL4 1LD, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Investments in shares are included at historical cost.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Fixtures & fittings
15% Reducing Balance
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 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.
MJF Ventures Ltd
Notes to the Accounts
for the year ended 31 December 2024
3
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
4,877
6,100
10,977
At 31 December 2024
4,877
6,100
10,977
At 1 January 2024
3,313
1,775
5,088
Charge for the year
1,352
649
2,001
At 31 December 2024
4,665
2,424
7,089
At 31 December 2024
212
3,676
3,888
At 31 December 2023
1,564
4,325
5,889
4
Investments
Other investments
Valuation at 1 January 2024
121
Valuation at 31 December 2024
121
Amounts falling due within one year
Amounts due from group undertakings etc.
-
294,913
Accrued income and prepayments
-
65,573
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
15,574
Other creditors
1,625
1,860
MJF Ventures Ltd
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
1
50 Ordinary shares A of £1 each
50
-
50 Ordinary shares B of £1 each
50
-
Shares issued during the period:
50 Ordinary shares A of £1 each
50
50 Ordinary shares B of £1 each
50
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
9,328
237,202
163,935
82,595
9,328
237,202
163,935
82,595
The loan is fully repayable on demand. Interest has been charged at 2.25%.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).