MJM Professional Services Limited iXBRL

Company Registration Number: 09215738

MJM Professional Services Limited

Directors' Report and Unaudited Financial Statements

for the financial period ended 31 January 2025

MJM Professional Services Limited

DIRECTORS AND OTHER INFORMATION


Directors	Lee Magee
	Lisa Magee


Company Registration Number	09215738


Registered Office	63/66 Hatton Garden, Fifth Floor Suite 23
	London
	EC1N 8LE
	United Kingdom


Business Address	46 Belfast Road
	Downpatrick
	Down
	BT30 9UP
	Northern Ireland


Accountants	Muldoon
	16 Mount Charles
	Belfast
	BT7 1NZ

MJM Professional Services Limited

DIRECTORS' REPORT

for the financial period ended 31 January 2025

The directors present their report and the unaudited financial statements for the financial period ended 31 January 2025.

Directors

The directors who served during the financial period are as follows:

Lee Magee

Lisa Magee

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Lee Magee

Director

29 October 2025

MJM Professional Services Limited

Company Registration Number: 09215738

BALANCE SHEET

as at 31 January 2025

Jan 25

Oct 23

Notes

Current Assets

Stocks

66,046

51,558

Debtors

739,908

21,000

Cash and cash equivalents

175,389

599,261

─────────

981,343

671,819

─────────

Creditors: amounts falling due within one year

(391,540)

(334,530)

─────────

Net Current Assets

589,803

337,289

─────────

Total Assets less Current Liabilities

589,803

337,289

Creditors:

amounts falling due after more than one year

(14,182)

(26,767)

─────────

Net Assets

575,621

310,522

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

575,521

310,422

─────────

Equity attributable to owners of the company

575,621

310,522

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.

For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Board and authorised for issue on 29 October 2025 and signed on its behalf by



________________________________
Lee Magee
Director

MJM Professional Services Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial period ended 31 January 2025

General Information

MJM Professional Services Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 09215738. The registered office of the company is 63/66 Hatton Garden, Fifth Floor Suite 23, London, EC1N 8LE, United Kingdom. The principal activity is professional consultancy services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 15 month period ended 31 January 2025.

Employees

The average monthly number of employees, including directors, during the financial period was 2, (Oct 23 - 1).

Jan 25

Oct 23

Number

Number

Director

═════════

Stocks

Jan 25

Oct 23

Finished goods and goods for resale

66,046

51,558

═════════

The replacement cost of stock did not differ significantly from the figures shown.


6.	Debtors	Jan 25	Oct 23
		£	£

	Trade debtors	26,691	-
	Amounts owed by group undertakings	713,217	21,000
		─────────	─────────
		739,908	21,000
		═════════	═════════


7.	Creditors	Jan 25	Oct 23
	Amounts falling due within one year	£	£

	Trade creditors	18,950	-
	Amounts owed to group undertakings	129,750	238,525
	Taxation (Note 9)	239,715	96,005
	Accruals	3,125	-
		─────────	─────────
		391,540	334,530
		═════════	═════════


8.	Creditors	Jan 25	Oct 23
	Amounts falling due after more than one year	£	£

	Bank loan	14,182	26,767
		═════════	═════════

	Loans
	Repayable between one and two years	14,182	26,767
		═════════	═════════


9.	Taxation	Jan 25	Oct 23
		£	£

	Creditors:
	VAT	54,805	-
	Corporation tax	184,910	96,005
		─────────	─────────
		239,715	96,005
		═════════	═════════