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REGISTERED NUMBER: 08010399 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MJB PROPERTY MANAGEMENT LIMITED

MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MJB PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: J Berry
M Berry



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 08010399 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Lloyds TSB Bank Plc
38 London Road
North End
Portsmouth
Hampshire
PO2 0LR

MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 81,000 85,500
Tangible assets 5 192 -
81,192 85,500

CURRENT ASSETS
Debtors 6 14,065 9,280
Cash at bank 11,000 7,000
25,065 16,280
CREDITORS
Amounts falling due within one year 7 342,528 372,226
NET CURRENT LIABILITIES (317,463 ) (355,946 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(236,271

)

(270,446

)

CREDITORS
Amounts falling due after more than one
year

8

29,473

65,346
NET LIABILITIES (265,744 ) (335,792 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (265,844 ) (335,892 )
SHAREHOLDERS' FUNDS (265,744 ) (335,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th June 2025 and were signed on its behalf by:



J Berry - Director


MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

MJB Property Management 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
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.

Turnover
Revenue is the provision of services is recognised when its probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

Going concern
The financial statements for the year ended 31st March 2025 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account.

Despite net liabilities exceeding net assets for the year, the directors feel that the majority of net liabilities are directors loan account and they will continue to support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2024
and 31st March 2025 304,995 18,501 323,496
AMORTISATION
At 1st April 2024 219,495 18,501 237,996
Charge for year 4,500 - 4,500
At 31st March 2025 223,995 18,501 242,496
NET BOOK VALUE
At 31st March 2025 81,000 - 81,000
At 31st March 2024 85,500 - 85,500

MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2024 8,531 8,916 17,447
Additions 256 - 256
At 31st March 2025 8,787 8,916 17,703
DEPRECIATION
At 1st April 2024 8,531 8,916 17,447
Charge for year 64 - 64
At 31st March 2025 8,595 8,916 17,511
NET BOOK VALUE
At 31st March 2025 192 - 192
At 31st March 2024 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 144 249
Other debtors 13,921 9,031
14,065 9,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 44,677 45,036
Trade creditors 4,549 4,369
Taxation and social security 22,157 22,477
Other creditors 271,145 300,344
342,528 372,226

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 29,473 65,346

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
M Berry
Balance outstanding at start of year 2,653 5,058
Amounts advanced 312 1,845
Amounts repaid - (4,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,965 2,653

MJB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08010399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Berry
Balance outstanding at start of year 290,401 306,729
Amounts advanced 2,232 8,732
Amounts repaid (34,280 ) (25,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 258,353 290,401

10. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £261,318 owed to the directors. This loan was not overdrawn during the year. This loan was provided interest free and repayable on demand.