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REGISTERED NUMBER: 03494189 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: S.P. Batch
D J Batch
A M Batch
Mrs S A Batch





SECRETARY: D J Batch





REGISTERED OFFICE: Melton Court
Gibson Lane
Melton
East Yorkshire
HU14 3HH





REGISTERED NUMBER: 03494189 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 117,276 111,934

CURRENT ASSETS
Stocks 5 413,064 1,016,938
Debtors 6 1,009,712 433,752
Cash at bank 2,881,927 1,277,075
4,304,703 2,727,765
CREDITORS
Amounts falling due within one year 7 1,138,168 697,451
NET CURRENT ASSETS 3,166,535 2,030,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,283,811

2,142,248

PROVISIONS FOR LIABILITIES 8 29,319 18,013
NET ASSETS 3,254,492 2,124,235

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,254,392 2,124,135
SHAREHOLDERS' FUNDS 3,254,492 2,124,235

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)

BALANCE SHEET - continued
31ST JANUARY 2025


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 9th May 2025 and were signed on its behalf by:





S.P. Batch - Director


MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)

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

1. STATUTORY INFORMATION

Michael James Property Developments 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.

Turnover
Turnover represents net invoiced sales from shopfitting contracts and property sales, excluding value added tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% on reducing balance
Office furniture and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)

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

4. TANGIBLE FIXED ASSETS
Office
furniture
Plant and and Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1st February 2024 17,377 15,240 162,475 195,092
Additions - 5,054 37,058 42,112
Disposals - (2,181 ) (39,855 ) (42,036 )
At 31st January 2025 17,377 18,113 159,678 195,168
DEPRECIATION
At 1st February 2024 17,032 7,591 58,535 83,158
Charge for year 84 1,221 30,311 31,616
Eliminated on disposal - (1,327 ) (35,555 ) (36,882 )
At 31st January 2025 17,116 7,485 53,291 77,892
NET BOOK VALUE
At 31st January 2025 261 10,628 106,387 117,276
At 31st January 2024 345 7,649 103,940 111,934

5. STOCKS
2025 2024
£    £   
Work-in-progress 413,064 1,016,938

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 647,759 35,862
Other debtors 361,953 397,890
1,009,712 433,752

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 77,112 184,136
Taxation and social security 669,410 328,307
Other creditors 391,646 185,008
1,138,168 697,451

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 29,319 18,013

MICHAEL JAMES PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 03494189)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st February 2024 18,013
Accelerated capital allowances 11,306
Balance at 31st January 2025 29,319

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

For both the current and the previous year, the company was under the control of its directors.