MVJ Capital Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01078849

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

MVJ CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mrs A Pearcey

G V Pearcey

M Pearcey

SECRETARY:

Mrs M Pearcey

REGISTERED OFFICE:

19 Millwood

Lisvane

Cardiff

CF14 0TL

REGISTERED NUMBER:

01078849

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

5

20,367,436

19,052,231

Investments

6

84,160

20,451,596

19,136,391

CURRENT ASSETS

Debtors

7

2,090,972

128,127

Cash at bank

174,775

679,571

2,265,747

807,698

CREDITORS

Amounts falling due within one year

8

(1,399,643

)

(1,891,118

)

NET CURRENT ASSETS/(LIABILITIES)

866,104

(1,083,420

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,317,700

18,052,971

CREDITORS

Amounts falling due after more than
one year

9

(10,155,333

)

(7,607,323

)

PROVISIONS FOR LIABILITIES

11

(23,520

)

(25,472

)

NET ASSETS

11,138,847

10,420,176

CAPITAL AND RESERVES

Called up share capital

12

310

Retained earnings

13

11,138,537

10,419,866

SHAREHOLDERS' FUNDS

11,138,847

10,420,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

M J Pearcey - Director

1.	STATUTORY INFORMATION

MVJ Capital Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

Tangible fixed assets

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

Freehold property

-

5% on cost

Plant and machinery

-

15% on cost

No depreciation is provided in respect of Freehold property. This is not in accordance with FRS 15 'Tangible Fixed Assets'. The Freehold properties held by the company are not being depreciated as their residual values equate to the cost at which they are disclosed in the financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held in a independently administered scheme.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 May 2024

19,050,064

12,982

19,063,046

Additions

1,314,591

1,555

1,316,146

At 30 April 2025

20,364,655

14,537

20,379,192

DEPRECIATION

At 1 May 2024

-

10,815

Charge for year

-

941

At 30 April 2025

-

11,756

NET BOOK VALUE

At 30 April 2025

20,364,655

2,781

20,367,436

At 30 April 2024

19,050,064

2,167

19,052,231

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 May 2024

-

84,160

Additions

100

-

100

Impairments

(100

)

-

(100

)

At 30 April 2025

-

84,160

NET BOOK VALUE

At 30 April 2025

-

84,160

At 30 April 2024

-

84,160

On 1 September 2024 the company acquired the entire share capital. a related company Selfwood Residential LImited, the assets and liabilities of that company were transferred up to MVJ Capital Limited by way of a hive up agreement and on 4 February 2025 Selfwood Residential Limited was dissolved

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Due from related parties

2,007,545

46,453

Prepayments

83,427

81,674

2,090,972

128,127

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

1,572,072

Tax

182,810

187,772

Social security and other taxes

96,838

89,384

Other creditors

16,181

Directors' current accounts

1,072,074

-

Accrued expenses

31,740

25,709

1,399,643

1,891,118

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 2-5 years

3,711,646

6,983,877

Bank loans more 5 yr by instal

6,443,687

623,446

10,155,333

7,607,323

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,443,687

623,446

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

10,155,333

9,179,395

The above loans are secured on the freehold properties to which they relate.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

23,520

25,472

Deferred

tax

£

Balance at 1 May 2024

25,472

Credit to Income Statement during year

(1,952

)

charged to profit and loss

account

Balance at 30 April 2025

23,520

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

300

Ordinary 'A'

£1

300

10

Ordinary 'B' - 'G'

£1

10

310

13.

RESERVES

Retained

earnings

£

At 1 May 2024

10,419,866

Profit for the year

718,671

At 30 April 2025

11,138,537

14.	CAPITAL COMMITMENTS

At the year end the company had no capital commitments.

15.	RELATED PARTY DISCLOSURES

Included in debtors is an amount of £46,453 due from Longford Capital Limited a company under common control.

Further the company made funds available to other related companies and at 30 April 2025 the following balances were owed to the company:

Millgrove Capital Limited

£63,000

Millgrove North Limited

£600,000

P H G Residential Limited

£54,000

Meadow James Limited

£505,000

Meadow James Capital Limited

£739,092

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Pearcey.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MVJ Capital Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MVJ Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MVJ Capital Limited and state those matters that we have agreed to state to the Board of Directors of MVJ Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MVJ Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MVJ Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MVJ Capital Limited. You consider that MVJ Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MVJ Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

6 October 2025