MJK Breeze Properties Limited 09627888 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true false 09627888 2025-04-01 2026-03-31 09627888 2026-03-31 09627888 bus:Director2 1 2026-03-31 09627888 core:CurrentFinancialInstruments 2026-03-31 09627888 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 09627888 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 09627888 bus:SmallEntities 2025-04-01 2026-03-31 09627888 bus:Audited 2025-04-01 2026-03-31 09627888 bus:FilletedAccounts 2025-04-01 2026-03-31 09627888 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09627888 bus:RegisteredOffice 2025-04-01 2026-03-31 09627888 bus:Director1 2025-04-01 2026-03-31 09627888 bus:Director2 2025-04-01 2026-03-31 09627888 bus:Director2 1 2025-04-01 2026-03-31 09627888 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09627888 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 09627888 core:AllSubsidiaries 2025-04-01 2026-03-31 09627888 countries:EnglandWales 2025-04-01 2026-03-31 09627888 2025-03-31 09627888 bus:Director2 1 2025-03-31 09627888 core:CostValuation 2025-03-31 09627888 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 09627888 2024-04-01 2025-03-31 09627888 2025-03-31 09627888 bus:Director2 1 2025-03-31 09627888 core:CurrentFinancialInstruments 2025-03-31 09627888 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09627888 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 09627888 bus:Director2 1 2024-04-01 2025-03-31 09627888 core:RevaluationReserve 2024-04-01 2025-03-31 09627888 core:RevaluationReserve core:LandBuildings 2024-04-01 2025-03-31 09627888 core:LandBuildings 2024-04-01 2025-03-31 09627888 bus:Director2 1 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 09627888

MJK Breeze Properties Limited
Filleted Financial Statements
for the Year Ended 31 March 2026

MJK Breeze Properties Limited

Contents

Statement of Financial Position | 1
Notes to the Financial Statements | 2 to 9

MJK Breeze Properties Limited

(Registration number: 09627888)
Statement of Financial Position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | - | 352,229
Investment property | 5 | 352,229 | -
Investments | 6 | 60,002 | 60,002
|  | 412,231 | 412,231
Current assets |  |  |
Debtors | 7 | - | 97
Cash at bank and in hand |  | 19,304 | 21,994
|  | 19,304 | 22,091
Creditors: Amounts falling due within one year | 8 | (48,048) | (43,490)
Net current liabilities |  | (28,744) | (21,399)
Total assets less current liabilities |  | 383,487 | 390,832
Provisions for liabilities |  | (7,018) | (9,989)
Net assets |  | 376,469 | 380,843
Capital and reserves |  |  |
Called up share capital |  | 60,102 | 60,102
Revaluation reserve |  | 21,053 | 54,470
Profit and loss account |  | 295,314 | 266,271
Shareholders' funds |  | 376,469 | 380,843

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:

M Fitch Director

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Coach House
Yealmbury Hill
Yealmpton
Plymouth
Devon
PL8 2JH

Principal activity

The principal activity of the company is that of property rental.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The taxation expense represents the aggregate amount of the current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to the items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

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.
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.

Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

4 | Tangible assets

| Freehold property £ | Total £
Cost or valuation
At 1 April 2025 | 352,229 | 352,229
Disposals | (352,229) | (352,229)
At 31 March 2026 | - | -
Depreciation
Carrying amount
At 31 March 2026 | - | -
At 31 March 2025 | 352,229 | 352,229

Included within the net book value of land and buildings above is £Nil (2025 - £352,229) in respect of freehold land and buildings. The property was reclassified as an Investment Property from Tangible Assets during the year.

5 | Investment properties

| 2026 £
Additions | 352,229
At 31 March | 352,229

Youngs Estates, an independent and specialised estate agent in Barbados as at 31 March 2025, who deemed the market value to be $455,000 (£352,230). The property has been revalued in the accounts to reflect this in the presentational currency. The directors believe that the valuation of the property in March 2025 is still valid and up to date, and no valuation has been prepared since this date.
The property was reclassified as an Investment Property from Tangible Assets during the year.

6 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 60,002 | 60,002

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

6 | Investments (continued)

Subsidiaries | £
Cost or valuation
At 1 April 2025 | 60,002
Provision
Carrying amount
At 31 March 2026 | 60,002
At 31 March 2025 | 60,002

7 | Debtors

| 2026 £ | 2025 £
Other debtors | - | 97
| - | 97

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 13,559 | 8,750
Accruals and deferred income |  | 4,911 | 4,675
Other creditors | 10 | 29,578 | 30,065
|  | 48,048 | 43,490

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

9 | Reserves (continued)

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (9,037) | (9,037)
Surplus/deficit on revaluation of other assets | 14,096 | 14,096
| 5,059 | 5,059

Profit and loss account:
This reserve records retained earnings and accumulated losses.

MJK Breeze Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

10 | Related party transactions

Transactions with directors

2026 | At 1 April 2025 £ | Advances to director £ | At 31 March 2026 £
J Cronk
Director | (30,065) | 487 | (29,578)

2025 | At 1 April 2024 £ | Advances to director £ | At 31 March 2025 £
J Cronk
Director | (37,110) | 7,045 | (30,065)

Summary of transactions with subsidiaries

Tropic Breeze Limited

During the year, the company made payments totalling £1,288 to Tropic Breeze Limited, a subsidiary company and received payments totalling £6,097. The balance owed to Tropic Breeze Limited as at 31 March 2026 was £13,559 (2025: £8,750)

11 | Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 19 May 2026 was Veronique Croney FCA, who signed for and on behalf of Westcotts (SW) LLP.

.........................................