Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02628733 Mrs Keilly Barnes Mr Richard Cundiff Mrs Madalane Cundiff iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02628733 2023-12-31 02628733 2024-12-31 02628733 2024-01-01 2024-12-31 02628733 frs-core:CurrentFinancialInstruments 2024-12-31 02628733 frs-core:Non-currentFinancialInstruments 2024-12-31 02628733 frs-core:FurnitureFittings 2024-12-31 02628733 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02628733 frs-core:FurnitureFittings 2023-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02628733 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 02628733 frs-core:PlantMachinery 2024-12-31 02628733 frs-core:PlantMachinery 2024-01-01 2024-12-31 02628733 frs-core:PlantMachinery 2023-12-31 02628733 frs-core:ShareCapital 2024-12-31 02628733 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02628733 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02628733 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02628733 frs-bus:SmallEntities 2024-01-01 2024-12-31 02628733 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02628733 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02628733 frs-core:UnlistedNon-exchangeTraded 2024-12-31 02628733 frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 02628733 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 02628733 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 02628733 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 02628733 frs-bus:Director1 2024-01-01 2024-12-31 02628733 frs-bus:Director2 2024-01-01 2024-12-31 02628733 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02628733 frs-countries:EnglandWales 2024-01-01 2024-12-31 02628733 2022-12-31 02628733 2023-12-31 02628733 2023-01-01 2023-12-31 02628733 frs-core:CurrentFinancialInstruments 2023-12-31 02628733 frs-core:Non-currentFinancialInstruments 2023-12-31 02628733 frs-core:ShareCapital 2023-12-31 02628733 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02628733
M.J.C. Developments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02628733
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,282,578 13,286,262
Investments 5 610,667 528,655
13,893,245 13,814,917
CURRENT ASSETS
Debtors 6 906,002 861,779
Cash at bank and in hand 112,676 134,771
1,018,678 996,550
Creditors: Amounts Falling Due Within One Year 7 (1,804,570 ) (2,022,852 )
NET CURRENT ASSETS (LIABILITIES) (785,892 ) (1,026,302 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,107,353 12,788,615
Creditors: Amounts Falling Due After More Than One Year 8 (1,120,844 ) (897,088 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,282,894 ) (1,282,894 )
NET ASSETS 10,703,615 10,608,633
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 10,702,615 10,607,633
SHAREHOLDERS' FUNDS 10,703,615 10,608,633
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Cundiff
Director
24 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M.J.C. Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02628733 . The registered office is 15a School Street Trading Estate, Hazel Grove, Stockport, Cheshire, SK7 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable for rents and services rendered, net of discounts and value added taxes.
Revenue from Rents
Revenue from Rents is recognised when the significant risks and rewards are received; the amount of revenue can be be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold none
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 13,261,697 105,489 115,459 13,482,645
As at 31 December 2024 13,261,697 105,489 115,459 13,482,645
Depreciation
As at 1 January 2024 - 101,814 94,569 196,383
Provided during the period - 551 3,133 3,684
As at 31 December 2024 - 102,365 97,702 200,067
Net Book Value
As at 31 December 2024 13,261,697 3,124 17,757 13,282,578
As at 1 January 2024 13,261,697 3,675 20,890 13,286,262
5. Investments
Unlisted
£
Cost
As at 1 January 2024 528,655
Additions 82,012
As at 31 December 2024 610,667
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 610,667
As at 1 January 2024 528,655
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,505 104,330
Amounts owed by group undertakings 749,017 735,817
Other debtors 68,480 21,632
906,002 861,779
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,895 4,917
Bank loans and overdrafts 75,000 75,000
Amounts owed to group undertakings 910,976 906,643
Other creditors 660,106 958,509
Taxation and social security 151,593 77,783
1,804,570 2,022,852
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,120,844 897,088
Page 5