Registration number: 11866245

MJO Holdings Limited

(Registration number: 11866245)

Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Other financial assets	3	1,424,451	1,424,451
Current assets
Debtors	4	120	120
Creditors: Amounts falling due within one year	5	(546,776)	(484,058)
Net current liabilities		(546,656)	(483,938)
Total assets less current liabilities		877,795	940,513
Creditors: Amounts falling due after more than one year	5	(71,324)	(136,923)
Net assets		806,471	803,590
Capital and reserves
Called up share capital		120	120
Share premium reserve		267,000	267,000
Retained earnings		539,351	536,470
Shareholders' funds		806,471	803,590

MJO Holdings Limited

(Registration number: 11866245)

Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 26 September 2025 and signed on its behalf by:
 

.........................................

Mr Martin Lockwood Johnson

Director

.........................................

Mrs Louise Nichola Gordon

Director

.........................................

Mrs Paula Suzanne Hobson

Director

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

MJO Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 11866245. The registered office is at 13 Middlewood Road, Sheffield, South Yorkshire, S6 4GU.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, including temporary restrictions imposed as a result of the COVID19 pandemic, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3	Investments

	Investment £	Total £
Cost
At 1 January 2024	1,424,451	1,424,451
At 31 December 2024	1,424,451	1,424,451
Carrying amount
At 31 December 2024	1,424,451	1,424,451

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of Incorporation	Holding	Proportion of voting rights and shares held 2020
Subsidiary undertakings
Martin Johnson Opticians Limited	England	Ordinary	100%

4

Debtors

	2024 £	2023 £
Other debtors	120	120
	120	120

MJO Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Creditors

	2024 £	2023 £
Due within one year
Bank loans	65,599	61,432
Amounts owed to group undertakings and undertakings in which the company has a participating interest	300,477	241,877
Directors loan account	180,700	180,749
	546,776	484,058

	2024 £	2023 £
Due after one year
Bank loans	71,324	136,923

The bank loan totalling £136,923 is secured by way of guarantee from the directors.
 

6	Parent and ultimate parent undertaking

The ultimate controlling party of the company is the directors through their 100% shareholding in the company.