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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
Page
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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
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MJF Ventures Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,888 
5,889 
Investments
121 
121 
4,009 
6,010 
Current assets
Debtors
82,594 
369,814 
Cash at bank and in hand
1,737,390 
253,249 
1,819,984 
623,063 
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
Deferred tax
(972)
(1,472)
Net assets
1,821,396 
610,167 
Capital and reserves
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
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MJF Ventures Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
2
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in shares are included at historical cost.
Turnover
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
294,913 
Accrued income and prepayments
- 
65,573 
Other debtors
82,594 
- 
82,594 
360,486 
Amounts falling due after more than one year
Other debtors
- 
9,328 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
15,574 
Other creditors
1,625 
1,860 
1,625 
17,434 
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MJF Ventures Ltd Notes to the Accounts for the year ended 31 December 2024
7
Share capital
2024 
2023 
£ 
£ 
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 
- 
100 
1 
Shares issued during the period:
50 Ordinary shares A of £1 each
50 
50 Ordinary shares B of £1 each
50 
100 
8
Loans to directors
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).
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