Registered number
02682509
Majorbuild Limited
Unaudited Filleted Accounts
31 January 2025
Majorbuild Limited
Registered number: 02682509
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 181,715 203,136
Current assets
Debtors 4 30,000 30,000
Cash at bank and in hand 44,760 36,346
74,760 66,346
Creditors: amounts falling due within one year 5 (69,708) (69,531)
Net current assets/(liabilities) 5,052 (3,185)
Total assets less current liabilities 186,767 199,951
Provisions for liabilities (29,463) (33,263)
Net assets 157,304 166,688
Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 119,462 135,662
Profit and loss account 37,840 31,024
Shareholder's funds 157,304 166,688
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs L F Man
Director
Approved by the board on 14 July 2025
Majorbuild Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property over 50 years
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 240,000 3,030 243,030
Deficit on revaluation (20,000) - (20,000)
At 31 January 2025 220,000 3,030 223,030
Depreciation
At 1 February 2024 36,864 3,030 39,894
Charge for the year 1,421 - 1,421
At 31 January 2025 38,285 3,030 41,315
Net book value
At 31 January 2025 181,715 - 181,715
At 31 January 2024 203,136 - 203,136
4 Debtors 2025 2024
£ £
Other debtors 30,000 30,000
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 2,050 2,047
Other creditors 67,658 67,484
69,708 69,531
6 Revaluation reserve 2025 2024
£ £
At 1 February 2024 135,662 119,462
(Loss)/gain on revaluation of land and buildings (20,000) 20,000
Deferred taxation arising on the revaluation of land and buildings 3,800 (3,800)
At 31 January 2025 119,462 135,662
7 Controlling party
The company is under the control of the shareholder, Mrs L F Man, by virtue of her shareholdings in the company.
8 Other information
Majorbuild Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff on Sea
Essex
SS0 7LP
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