Statutory Information
Mjm Investments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 12147834, registration address Sterling House, 31/32 High Street, Wellingborough, Northants, NN8 4HL, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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 taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. These differences are the ones that have originated but not reversed at the Balance Sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred. The deferred tax balance has not been discounted.
Investment properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.
Finance costs
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Trade and other debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any 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.
Trade and other creditors
Short-term creditors are measured at the transaction price. The other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
|
| 2. |
Financial assets
| Cost or Valuation |
|
Investment in property |
|
Total |
| |
|
£ |
|
£ |
| At 01 September 2024 |
|
956,183 |
|
956,183 |
| Additions |
|
0 |
|
0 |
| At 31 August 2025 |
|
956,183 |
|
956,183 |
| Depreciation |
| At 01 September 2024 |
|
0 |
|
0 |
| Revaluation adjustments |
|
(75,817) |
|
(75,817) |
| At 31 August 2025 |
|
(75,817) |
|
(75,817) |
| Net book values |
| At 31 August 2025 |
|
1,032,000 |
|
1,032,000 |
| At 01 September 2024 |
|
956,183 |
|
956,183 |
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade debtors |
825 |
|
825 |
|
825 |
|
825 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Taxation & social security less than one year |
2,762 |
|
0 |
| Other creditors less than one year |
562,446 |
|
562,758 |
|
565,208 |
|
562,758 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other creditors more than one year |
278,869 |
|
285,574 |
|
278,869 |
|
285,574 |
|
| 6. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred tax timing difference |
41,005 |
|
43,890 |
|
41,005 |
|
43,890 |
|
| 7. |
Share Capital
Allotted
|
2025
£ |
|
2024
£ |
|
4
Ordinary Share shares of £1.00 each |
4 |
|
4 |
|
4 |
|
4 |
|
| 8. |
Average number of employees
Average number of employees during the year was 0 (2024: 0).
|
| 9. |
Controlling Party
The company is controlled by J G Murray and Mrs M Murray
|
4
|