REGISTERED NUMBER: 09719887 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MWJ Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Nash

Mr S Parker

REGISTERED OFFICE:

Quay Corner Training Centre

Quay Corner Church Bank

Jarrow

Tyne and Wear

NE32 3HH

REGISTERED NUMBER:

09719887 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

620,661

645,725

CURRENT ASSETS

Debtors

5

6,680

6,956

Cash at bank

2,602

5,481

9,282

12,437

CREDITORS

Amounts falling due within one year

6

30,558

160,375

NET CURRENT LIABILITIES

(21,276

)

(147,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

599,385

497,787

CREDITORS

Amounts falling due after more than one year

7

431,484

452,365

NET ASSETS

167,901

45,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

167,801

45,322

167,901

45,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mrs J Nash - Director

1.	STATUTORY INFORMATION

MWJ 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the lease asset and recognised on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

842,765

34,159

876,924

DEPRECIATION

At 1 January 2024

197,040

34,159

231,199

Charge for year

25,064

-

25,064

At 31 December 2024

222,104

34,159

256,263

NET BOOK VALUE

At 31 December 2024

620,661

-

620,661

At 31 December 2023

645,725

-

645,725

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

6,500

6,500

Other debtors

180

456

6,680

6,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

20,612

20,612

Taxation and social security

7,373

8,098

Other creditors

2,573

131,665

30,558

160,375

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

431,484

452,365

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank Loans

452,096

472,977

The bank loans are secured by fixed and floating charges over the assets of the company.