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Registered number:
FOR THE PERIOD ENDED 30 NOVEMBER 2025
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MJFG HOLDING LIMITED
COMPANY INFORMATION
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MJFG HOLDING LIMITED
CONTENTS
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MJFG HOLDING LIMITED
GROUP STRATEGIC REPORT
FOR THE PERIOD ENDED 30 NOVEMBER 2025
The directors present their Group strategic report for the period ended 30 November 2025.
The Group specialises in the letting of commercial and residential properties and also runs a hotel on the Isle of Wight.
On 28 October 2024, the Company acquired 55% of Techaid Facilities Limited and it's wholly owned subsidiary, Fastcentral Limited. The Group's turnover for the period ended 30 November 2025 was £4,185,836. In particular income from rental properties and serviced offices was £2,498,715 and hotel income was £1,541,807.
Cashflow risk
The directors believe the principal risk facing the Group is cash flow risk. The directors continually monitor the cash requirements of the group and in particular the availability of funds to make loan repayments when they fall due. Interest rate risk The Group has interest-bearing liabilities in the form of bank borrowings. The Group has put in place an interest rate swap to fix the interest rate on its bank borrowings and hedge against any rises in the London Interbank Offer Rate (SONIA). Credit risk The Group has policies in place to ensure that rental contracts are only agreed with tenants that have an appropriate credit history. In addition, receivable balances are monitored on an ongoing basis with the result that the company's exposure to bad debts is not significant. Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s approach to managing liquidity is to ensure that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions.
The directors have monitored the progress of the group strategy by reference to certain financial key performance indicators.
The group's turnover was £4,185,836. The group's gross profit margin was 64.5%. The group had net assets of £12,963,126.
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MJFG HOLDING LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
This report was approved by the board on 14 July 2026 and signed on its behalf.
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MJFG HOLDING LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 30 NOVEMBER 2025
The director presents his report and the financial statements for the period ended 30 November 2025.
The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The director is 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 the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Going concern The financial statements have been prepared on a going concern basis, despite the Group reporting net current liabilities of £4,631,321. The Director notes that the Group is trading adequately and, together with the successful refinancing completed subsequent to the year-end, has sufficient working capital and committed financing available to continue trading for a period of not less than 12 months from the date of approval of these financial statements. The refinancing involved the repayment of all existing loan facilities and derivative arrangements and the establishment of a new £12.6 million five-year interest-only loan facility. As such, the Director believes that there are no material uncertainties in their assessment of whether the Group is a going concern and have therefore prepared the financial statements on a going concern basis.
The profit for the period, after taxation and minority interests, amounted to £1,027,537.
During the year, one of the subsidiary companies declared a dividend of £50,000.
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MJFG HOLDING LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
The director who served during the period was:
The company has chosen in accordance with section 414C of the Companies Act 2006, to set out the following information which would otherwise be required to be continued in Director's report within the Group strategic report: likely financial risk management objectives and policies and business review.
Subsequent to the year end, the Group completed a refinancing of its external borrowings. All existing loan facilities and the interest rate swap arrangement in place at the year-end were fully repaid or bought out.
The Group has entered into a new £12.6 million facility, comprising a five-year interest-only term loan.
The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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MJFG HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MJFG HOLDING LIMITED
We have audited the financial statements of MJFG Holding Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the period ended 30 November 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
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MJFG HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MJFG HOLDING LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Director's report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Director's report.
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MJFG HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MJFG HOLDING LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:
∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙We identified the laws and regulations applicable to the Group through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector;
∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Group, are as follows:
°Companies Act 2006.
°FRS102.
°Employment legislation.
°Tax legislation.
∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of noncompliance throughout the audit.
∙As auditors of all group companies we were able to cover the above matters at a group and component level and thereby ensure the audit team were aware of the above matters across all group companies.
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MJFG HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MJFG HOLDING LIMITED (CONTINUED)
We assessed the susceptibility of the Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:
∙Making enquiries of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;
∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
∙Reviewing the financial statements and testing the disclosures against supporting documentation;
∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
∙Inspecting and testing journal entries to identify unusual or unexpected transactions;
∙Assessing whether judgement and assumptions made in determining significant accounting estimates were indicative of management bias; and
∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the Group's usual course of business.
The areas that we identified as being susceptible to misstatement through fraud were:
∙Management bias in the estimates and judgements made;
∙Management override of controls; and
∙Posting of unusual journals or transactions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
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MJFG HOLDING LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MJFG HOLDING LIMITED (CONTINUED)
for and on behalf of
Chartered Accountants & Statutory Auditors
3 Brook Business Centre
Cowley Mill Road
Middlesex
UB8 2FX
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MJFG HOLDING LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 NOVEMBER 2025
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MJFG HOLDING LIMITED
REGISTERED NUMBER: 15848651
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2025
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MJFG HOLDING LIMITED
REGISTERED NUMBER: 15848651
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 19 to 44 form part of these financial statements.
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MJFG HOLDING LIMITED
REGISTERED NUMBER: 15848651
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 19 to 44 form part of these financial statements.
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