MJ_&_SJ_PROPERTIES_LIMITE - Accounts
MJ_&_SJ_PROPERTIES_LIMITE - Accounts
MJ & SJ Properties Limited (company registration number 03305078) is a private company limited by shares incorporated in England and Wales. The registered office is Kenton House, 666 Kenton Road, Harrow, Middlesex, HA3 9QN.
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The average number of persons (including directors) employed by the company during the year was nil (2018-0).
The company holds 100% of the issued ordinary share capital of Middlesex Textiles Limited, a company incorporated in England and Wales whose principle activities were importers, exporters and retail merchants. The subsidiary company did not trade during the year ended 31 December 2019 or the proceeding financial year. During these years the subsidiary company remained dormant.
At the balance sheet date an interest free loan amounting to £973,827 (2018: £973,827) was payable by the company to its subsidiary. The loan is repayable on demand.
Mr M.J. Mahalla is the managing director and controlling share holder in M.J Properties (UK) Limited, to whom the company made interest free loans. Although the company reserves the right to charge interest, as determined and agreed by both parties, no interest was charged in the year to 31 December 2019. At the balance sheet date the loans outstanding, included in current assets to the financial statements, amounted to £3,249,244 (2018: £3,250,954). The loans are repayable on demand.
The financial statement presents information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.