| Registered number: 05273352 | ||||||||
| 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 | ||||||||
| REGISTERED OFFICE | ||||||||
| Oxfordshire | ||||||||
| 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 Sheet | 3 | |||||||
| Notes To The Accounts | 5 | |||||||
| 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 | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 6,647 | 9,504 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT LIABILITIES | ( | (32,955) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | 653,339 | 659,671 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Revaluation reserve | 1c,10 | 476,105 | 473,605 | |||||||
| Profit and loss account | (58,940) | (56,366) | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Mark Janes Development Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| 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 | ||||
| Properties | Total | |||
| £ | £ | |||
| Fair value | ||||
| At 01/11/2023 | 1,200,000 | 1,200,000 | ||
| Revaluation | 2,500 | 2,500 | ||
| At 31/10/2024 | 1,202,500 | 1,202,500 | ||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| VAT | - | 239 | ||||||
| - | 239 | |||||||
| Mark Janes Development Ltd | ||||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Mark Janes Decorating Ltd | 7,734 | 7,734 | ||||||
| Directors current account | 752 | 13,876 | ||||||
| Loans | 19,512 | 19,512 | ||||||
| Accruals | 1,360 | 1,337 | ||||||
| 29,358 | 42,459 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Loans >1yr Mortgage | 640,074 | 640,106 | ||||||
| Other creditors > 1yr | 22,013 | 28,313 | ||||||
| 662,087 | 668,419 | |||||||
| 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 | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| 8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 109,135 | 89,985 | ||||||
| 109,135 | 89,985 | |||||||
| Mark Janes Development Ltd | ||||||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 50 | 50 | |||||||
| 150 | 150 | |||||||
| 10. REVALUATION RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Fair value movement reserve | 476,105 | 473,605 | ||||||
| 476,105 | 473,605 | |||||||