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REGISTERED NUMBER: 04404787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

M J B (DOVEFIELDS) LTD

M J B (DOVEFIELDS) LTD (REGISTERED NUMBER: 04404787)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M J B (DOVEFIELDS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 SEPTEMBER 2024







DIRECTOR: M J Barrett





REGISTERED OFFICE: Brookside Business Park
Brookside Road
Uttoxeter
Staffordshire
ST14 8AT





REGISTERED NUMBER: 04404787 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Page 1
M J B (DOVEFIELDS) LTD (REGISTERED NUMBER: 04404787)

BALANCE SHEET
28 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,599,993 1,599,993

CURRENT ASSETS
Stocks 428,567 428,567
Debtors 5 4,222,314 4,251,280
Cash at bank 3,295 824
4,654,176 4,680,671
CREDITORS
Amounts falling due within one year 6 3,531,672 3,573,336
NET CURRENT ASSETS 1,122,504 1,107,335
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,722,497
2,707,328

CREDITORS
Amounts falling due after more than one
year
7
6,667
16,667
NET ASSETS 2,715,830 2,690,661

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Revaluation reserve 85,170 85,170
Retained earnings 2,380,660 2,355,491
2,715,830 2,690,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:





M J Barrett - Director


The notes form part of these financial statements

Page 2
M J B (DOVEFIELDS) LTD (REGISTERED NUMBER: 04404787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2024


1. STATUTORY INFORMATION

M J Barrett Dovefields is a private company limited by shares (registered number 04404787), which is incorporated in the UK The trading address and registered office is Brookside Business Park, Uttoxeter, Staffordshire, ST14 8AT.

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.

Turnover
Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised at the point of dispatch or when the services are provided.

Rental income is recognised in the period to which it relates.

Investment property
Investment property is carried out at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

Stocks
Stocks represent land banks and are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

Going concern
Due to cross guarantees throughout the Group, going concern of the Company is dependent on the performance of the Group overall. After reviewing the Group's forecast and projections for the next 12 months, the Directors are confident that the Group has adequate resources to continue for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements. The Groups has external financing facilities for growth and development purposes. The Group’s strategy and projections continue to include the realisation of various none core assets over the next 12 to 18 months to reduce bank debt, provide additional working capital and fund profitable development opportunities.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
M J B (DOVEFIELDS) LTD (REGISTERED NUMBER: 04404787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
Fair value
At 29 September 2023
and 28 September 2024 1,599,993
Net book value
At 28 September 2024 1,599,993
At 28 September 2023 1,599,993

The historic cost of the land and buildings is £1,514,823 (2023: £1,514,823). Investment properties were revalued by the director on an open market basis on 28 September 2024.

The director's valuations are not inconsistent with formal valuations undertaken by Savills in July 2017 and December 2016.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,820 21,201
Amounts owed by group undertakings 4,147,235 4,185,659
Amounts owed by participating interests - 4,919
Other debtors 17,142 17,142
Prepayments and accrued income 32,117 22,359
4,222,314 4,251,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Trade creditors 11,687 11,968
Amounts owed to group undertakings 3,083,370 3,406,290
VAT 3,461 642
Other creditors 5,440 30,440
Accruals and deferred income 417,714 113,996
3,531,672 3,573,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans 6,667 16,667

8. ULTIMATE CONTROLLING PARTY

The Company's parent undertaking at the Balance sheet date was M J Barrett Group Limited, a Company incorporated in England and Wales. Copies of these financial statements are available from the Company's registered office, Brookside Business Park, Uttoxeter, ST14 8AT.

The Company is controlled by M J Barrett who owns 100% of the issued share capital of M J Barrett Group Limited

Page 4