Major Group Developments Limited - Accounts to registrar (filleted) - small 18.2
Major Group Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 February 2020 |
| for |
| MAJOR GROUP DEVELOPMENTS LIMITED |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Contents of the Financial Statements |
| for the year ended 29 February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MAJOR GROUP DEVELOPMENTS LIMITED |
| Company Information |
| for the year ended 29 February 2020 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Balance Sheet |
| 29 February 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investments | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds |
| 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. |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Balance Sheet - continued |
| 29 February 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on were signed on its behalf by: |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements |
| for the year ended 29 February 2020 |
| 1. | Statutory information |
| Major Group Developments Limited is a |
| The company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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. |
| Investments |
| The investments are held at cost. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Fixed asset investments |
| Unlisted |
| investments |
| £ |
| Cost |
| Additions |
| At 29 February 2020 |
| Net book value |
| At 29 February 2020 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 March 2019 |
| and 29 February 2020 |
| Net book value |
| At 29 February 2020 |
| At 28 February 2019 |
| The directors do not believe that the property value has materially changed. |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements - continued |
| for the year ended 29 February 2020 |
| 5. | Investment property - continued |
| Fair value at 29 February 2020 is represented by: |
| £ |
| Valuation in 2019 | 168,533 |
| Cost | 569,858 |
| 738,391 |
| 6. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 487,401 | 485,264 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| The bank loan is secured on the investment property held within the accounts. |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 60 | 60 |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements - continued |
| for the year ended 29 February 2020 |
| 11. | Reserves |
| Revaluation |
| reserve |
| £ |
| At 1 March 2019 |
| and 29 February 2020 |
| 12. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the year ended 29 February 2020 and the |
| period ended 28 February 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 13. | Related party disclosures |
| MGD Diamond Ltd |
| A company in which the directors have a material interest. |
| 2020 | 2019 |
| £ | £ |
| Amount due from related party at the balance sheet date | 4,960 | - |