Company registration number 01255650 (England and Wales)
MJL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MJL HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
MJL HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,593,216
1,412,498
Investments
4
860,000
-
0
2,453,216
1,412,498
Current assets
Stocks
78,884
179,886
Debtors
5
236,858
227,145
Cash at bank and in hand
6,406,944
3,249,631
6,722,686
3,656,662
Creditors: amounts falling due within one year
6
(1,327,006)
(312,406)
Net current assets
5,395,680
3,344,256
Total assets less current liabilities
7,848,896
4,756,754
Provisions for liabilities
7
(31,374)
(11,750)
Net assets
7,817,522
4,745,004
Capital and reserves
Called up share capital
8
1
1
Capital redemption reserve
1
1
Profit and loss reserves
7,817,520
4,745,002
Total equity
7,817,522
4,745,004
MJL HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 March 2026 and are signed on its behalf by:
Mr M J Luff
Director
Company registration number 01255650 (England and Wales)
MJL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

MJL Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit B 201 Long Lane, Stanwell, Middlesex, England, TW19 7AV.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
25% on cost
Plant and machinary
20% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers equipment
33% on cost
Motor vehicles
25% on reducing balance
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

MJL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate

1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MJL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
18
3
Tangible fixed assets
Freehold land and buildings
Plant and machinary
Fixtures and fittings
Computers equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
1,920,913
75,000
50,000
-
0
6,250
2,052,163
Additions
582,474
-
0
14,100
757
69,990
667,321
Disposals
(676,916)
(75,000)
-
0
-
0
(6,250)
(758,166)
At 31 March 2025
1,826,471
-
0
64,100
757
69,990
1,961,318
Depreciation and impairment
At 1 April 2024
512,681
72,901
47,888
-
0
6,195
639,665
Depreciation charged in the year
36,529
-
0
1,409
189
-
0
38,127
Eliminated in respect of disposals
(230,594)
(72,901)
-
0
-
0
(6,195)
(309,690)
At 31 March 2025
318,616
-
0
49,297
189
-
0
368,102
Carrying amount
At 31 March 2025
1,507,855
-
0
14,803
568
69,990
1,593,216
At 31 March 2024
1,408,232
2,099
2,112
-
0
55
1,412,498
4
Fixed asset investments
2025
2024
£
£
Loans
860,000
-
0
MJL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Loans
£
Cost or valuation
At 1 April 2024
-
Valuation changes
860,000
At 31 March 2025
860,000
Carrying amount
At 31 March 2025
860,000
At 31 March 2024
-
0
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
226,044
208,730
Other debtors
10,814
18,415
236,858
227,145
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
109,950
79,695
Corporation tax
969,836
102,451
Other taxation and social security
20,208
51,950
Other creditors
216,012
68,610
Accruals and deferred income
11,000
9,700
1,327,006
312,406
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
31,374
11,750
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
95
95
1
1
MJL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Called up share capital
(Continued)
- 7 -
9
CASH AT BANK AND IN HAND

Cash at Bank includes £6,316,025 (202 4: £3,179,329) of funds held in interest bearing investment accounts registered in the name of the director,Mr M J Luff as nominee for MJL Holdings Limited. By virtue of a trust deed, these funds and all accruing interest remain held for the sole, beneficial ownership of MJL Holdings Limited.

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