Martin James Properties Limited 09148501 false 2023-07-28 2024-07-26 2024-07-26 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true 09148501 2023-07-28 2024-07-26 09148501 2024-07-26 09148501 core:CurrentFinancialInstruments 2024-07-26 09148501 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-26 09148501 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-26 09148501 core:MoreThanFiveYears 1 2024-07-26 09148501 core:FurnitureFittingsToolsEquipment 2024-07-26 09148501 core:LandBuildings 2024-07-26 09148501 bus:SmallEntities 2023-07-28 2024-07-26 09148501 bus:AuditExemptWithAccountantsReport 2023-07-28 2024-07-26 09148501 bus:FilletedAccounts 2023-07-28 2024-07-26 09148501 bus:SmallCompaniesRegimeForAccounts 2023-07-28 2024-07-26 09148501 bus:RegisteredOffice 2023-07-28 2024-07-26 09148501 bus:Director1 2023-07-28 2024-07-26 09148501 bus:PrivateLimitedCompanyLtd 2023-07-28 2024-07-26 09148501 core:FurnitureFittings 2023-07-28 2024-07-26 09148501 core:FurnitureFittingsToolsEquipment 2023-07-28 2024-07-26 09148501 core:LandBuildings 2023-07-28 2024-07-26 09148501 countries:EnglandWales 2023-07-28 2024-07-26 09148501 2023-07-27 09148501 core:FurnitureFittingsToolsEquipment 2023-07-27 09148501 core:LandBuildings 2023-07-27 09148501 2022-07-29 2023-07-27 09148501 2023-07-27 09148501 core:CurrentFinancialInstruments 2023-07-27 09148501 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-27 09148501 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-27 09148501 core:MoreThanFiveYears 1 2023-07-27 09148501 core:FurnitureFittingsToolsEquipment 2023-07-27 09148501 core:LandBuildings 2023-07-27 iso4217:GBP xbrli:pure

Registration number: 09148501

Martin James Properties Limited

Unaudited Filleted Financial Statements

for the Period from 28 July 2023 to 26 July 2024

 

Martin James Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Martin James Properties Limited

(Registration number: 09148501)
Balance Sheet as at 26 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

643,834

644,266

Current assets

 

Debtors

5

335

1,041

Cash at bank and in hand

 

7,618

1,503

 

7,953

2,544

Creditors: Amounts falling due within one year

6

(75,241)

(119,916)

Net current liabilities

 

(67,288)

(117,372)

Total assets less current liabilities

 

576,546

526,894

Creditors: Amounts falling due after more than one year

6

(576,124)

(503,385)

Net assets

 

422

23,509

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

421

23,508

Shareholders' funds

 

422

23,509

For the financial period ending 26 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2025
 

.........................................
Mr Martin Bamping
Director

 

Martin James Properties Limited

Notes to the Unaudited Financial Statements for the Period from 28 July 2023 to 26 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridgewater House
Caspian Road
Altrincham
Cheshire
WA14 5HH

These financial statements were authorised for issue by the director on 23 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance

 

Martin James Properties Limited

Notes to the Unaudited Financial Statements for the Period from 28 July 2023 to 26 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Martin James Properties Limited

Notes to the Unaudited Financial Statements for the Period from 28 July 2023 to 26 July 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 28 July 2023

641,497

7,509

649,006

Additions

-

414

414

Disposals

-

(299)

(299)

At 26 July 2024

641,497

7,624

649,121

Depreciation

At 28 July 2023

-

4,740

4,740

Charge for the period

-

692

692

Eliminated on disposal

-

(145)

(145)

At 26 July 2024

-

5,287

5,287

Carrying amount

At 26 July 2024

641,497

2,337

643,834

At 27 July 2023

641,497

2,769

644,266

Included within the net book value of land and buildings above is £641,497 (2023 - £641,497) in respect of long leasehold land and buildings.
 

Revaluation

The fair value of the company's long leasehold properties was revalued on 31 July 2016. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £538,317 (2023 - £542,586).

5

Debtors

Current

2024
£

2023
£

Prepayments

335

1,041

 

335

1,041

 

Martin James Properties Limited

Notes to the Unaudited Financial Statements for the Period from 28 July 2023 to 26 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,000

2,000

Accruals and deferred income

 

8,065

10,846

Other creditors

 

65,176

107,070

 

75,241

119,916

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,000 (2023 - £2,000).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

541,029

503,385

Other non-current financial liabilities

 

35,095

-

 

576,124

503,385

2024
£

2023
£

Due after more than five years

After more than five years by instalments

539,029

499,385

-

-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £541,029 ( 2023 - £505,385).

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1