Majesty Developments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08508498

Majesty Developments Ltd

Filleted Unaudited Financial Statements

31 May 2025

Majesty Developments Ltd

Financial Statements

Year ended 31 May 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Majesty Developments Ltd

Balance Sheet

31 May 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Investment property	4		610,956		–

Current assets

Stocks		1,683,191	1,980,491
Debtors	5	19,505	2,431
Cash at bank and in hand		112,465	829,544
		------------	------------
		1,815,161	2,812,466

Creditors: amounts falling due within one year	6	1,336,779		1,830,482
		------------		------------
Net current assets			478,382		981,984
			------------		---------
Total assets less current liabilities			1,089,338		981,984
			------------		---------
Net assets			1,089,338		981,984
			------------		---------

Majesty Developments Ltd

Balance Sheet (continued)

31 May 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,089,238	981,884
	------------	---------
Shareholders funds	1,089,338	981,984
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr G Gori
Director

Company registration number: 08508498

Majesty Developments Ltd

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

4. Investment property

	Investment property
	£
Cost
At 1 June 2024	–
Additions	610,956
	---------
At 31 May 2025	610,956
	---------
Impairment
At 1 June 2024 and 31 May 2025	–
	---------

Carrying amount
At 31 May 2025	610,956
	---------
At 31 May 2024	–
	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	18,878	–
Other debtors	627	2,431
	--------	-------
	19,505	2,431
	--------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	800	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,311,501	1,811,501
Corporation tax	–	12,561
Social security and other taxes	6,556	–
Other creditors	17,922	6,420
	------------	------------
	1,336,779	1,830,482
	------------	------------

7. Director's advances, credits and guarantees

During the year, the director had an interest free, repayable on demand loan with the company. At the start of the year he was owed by the company £3,060 and at the end of the year he was owed £3,060.

8. Related party transactions

At the start of the year the company owed its parent company £1,402,521 and at the end of the year owed £902,521. The loan is interest free and repayable on demand. At the start of the year the company owed a shareholder £220,490 and at the end of the year owed £220,490. The loan is interest free and repayable on demand. At the start of the year the company owed a shareholder £188,490 and at the end of the year owed £188,490. The loan is interest free and repayable on demand.

9. Parent company

The company's parent company throughout the year was New Investments Ltd.

New Investments Ltd is incorporated in England and its registered office and principal place of business is 60 Grosvenor Street, London, W1K 3HZ.