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Registered number: 05273352

Mark Janes Development Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Mark Janes Development Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
M Janes
T Janes
REGISTERED OFFICE
49 New Road
East Hagbourne
Oxfordshire
OX11 9JX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05273352
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Mark Janes Development Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mark Janes Development Ltd

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,202,5001,200,000
CURRENT ASSETS
Debtors4-239
Cash at bank and in hand6,6479,265
6,6479,504
CREDITORS: Amounts falling due within one year529,35842,459
NET CURRENT LIABILITIES(22,711)(32,955)
TOTAL ASSETS LESS CURRENT LIABILITIES1,179,7891,167,045
CREDITORS: Amounts falling due after more than one year6653,339659,671
PROVISIONS FOR LIABILITIES AND CHARGES8109,13589,985
NET ASSETS417,315417,389
CAPITAL AND RESERVES
Called up share capital9150150
Revaluation reserve1c,10476,105473,605
Profit and loss account(58,940)(56,366)
SHAREHOLDERS' FUNDS417,315417,389

Mark Janes Development Ltd

BALANCE SHEET AT 31/10/2024
For the year ending 31/10/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/06/2025 and signed on their behalf by
.............................
M Janes
Director
.............................
T Janes
Director

Mark Janes Development Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at fair value. Fair value is determined by the directors at open market valuation based on recent sales of similar properties. This departure from Companies Act requirements is necessary to show a true and fair view and to comply with the requirements of FRS102.
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. eferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax Law) that have been enacted or substantively enacted by the end of the reporting period.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention as modified by the revaluation of Investment Properties to fair value.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Mark Janes Development Ltd

1f. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. TANGIBLE FIXED ASSETS
Cost
At 31/10/2024
Depreciation
At 31/10/2024
Net Book Amounts
At 31/10/2024
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/11/20231,200,0001,200,000
Revaluation2,5002,500
At 31/10/20241,202,5001,202,500
4. DEBTORS 20242023
££
Amounts falling due within one year
VAT-239
-239

Mark Janes Development Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Mark Janes Decorating Ltd7,7347,734
Directors current account75213,876
Loans19,51219,512
Accruals1,3601,337
29,35842,459
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr Mortgage640,074640,106
Other creditors > 1yr22,01328,313
662,087668,419
As at the balance sheet date there is a fixed charge in place from the company's mortgage provider Belmont Green Finance Ltd on the company's development property 1 Portway, Didcot, Oxfordshire. As at the balance sheet date there is a fixed and floating in place from Commercial Acceptances Limited on all of the company's property or undertaking of the company. These charges are yet to be satisfied
7. EMPLOYEES
20242023
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation109,13589,985
109,13589,985

Mark Janes Development Ltd

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
50 Class B shares of £1 each5050
150150
10. REVALUATION RESERVE 20242023
££
Fair value movement reserve476,105473,605
476,105473,605