MAJD Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08856621 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

MAJD Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mrs J A Al-Jaf

Dr A J Altayar

SECRETARY:

Mrs J A Al-Jaf

REGISTERED OFFICE:

76 Arcadia Avenue

Sale

M33 3RZ

REGISTERED NUMBER:

08856621 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Investment property

4

3,637,607

4,005,000

CURRENT ASSETS

Cash at bank and in hand

73,353

28,399

CREDITORS

Amounts falling due within one year

5

(173,981

)

(192,692

)

NET CURRENT LIABILITIES

(100,628

)

(164,293

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,536,979

3,840,707

CREDITORS

Amounts falling due after more than one year

6

(1,088,883

)

(1,477,388

)

PROVISIONS FOR LIABILITIES

9

(373,045

)

(333,443

)

NET ASSETS

2,075,051

2,029,876

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

1,452,578

1,470,307

Capital redemption reserve

(20

)

(20

)

Retained earnings

622,393

559,489

SHAREHOLDERS' FUNDS

2,075,051

2,029,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Mrs J A Al-Jaf - Director

1.	STATUTORY INFORMATION

MAJD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

4,005,000

Additions

62,867

Disposals

(239,227

)

Impairments

(191,033

)

At 31 March 2026

3,637,607

NET BOOK VALUE

At 31 March 2026

3,637,607

At 31 March 2025

4,005,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

826,949

Valuation in 2018

421,880

Valuation in 2019

(52,267

)

Valuation in 2020

25,179

Valuation in 2021

457,384

Valuation in 2022

161,310

Valuation in 2023

7,610

Valuation in 2024

22,015

Valuation in 2025

(186,846

)

Valuation in 2026

(191,033

)

Cost

2,132,223

3,624,404

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

4,005,000

Additions

62,867

Disposals

(239,227

)

Impairments

(191,033

)

3,637,607

CLIENT SCREEN TOTAL

=

3,624,404

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

2,132,223

2,321,786

Investment property was valued on an open market basis on 31 March 2026 by the director, Mrs J A Al-Jaf .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other loans (see note 7)

82,069

119,078

Tax

88,491

70,117

Accrued expenses

3,421

3,497

173,981

192,692

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Other loans (see note 7)

844,250

1,232,755

Shareholders' loan account

216,172

Directors' loan accounts

28,461

1,088,883

1,477,388

7.

LOANS

The mortgage is measured at cost.

8.	SECURED DEBTS

The mortgage is secured by fixed and floating charges over the company's assets, held by Lloyds Bank PLC.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

373,045

333,443

Deferred

tax

£

Balance at 1 April 2025

333,443

Deferred tax on investment

39,602

property revaluation

Balance at 31 March 2026

373,045

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

1,470,307

Other movement

(17,729

)

At 31 March 2026

1,452,578

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

Mrs J A Al-Jaf

Balance outstanding at start of year

(18,974

)

(53,574

)

Amounts advanced

-

34,600

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(18,974

)

(18,974

)

Dr A J Altayar

Balance outstanding at start of year

(9,487

)

(26,787

)

Amounts advanced

-

17,300

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(9,487

)

(9,487

)

12.	RELATED PARTY DISCLOSURES

The company owes £216,172 (2025: £216,172) back to the shareholders of the company who have invested capital over the last few years.

13.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shares.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAJD Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MAJD Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MAJD Limited and state those matters that we have agreed to state to the Board of Directors of MAJD Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAJD Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MAJD Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MAJD Limited. You consider that MAJD Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MAJD Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

Date: .............................................