Major Group Developments Limited - Accounts to registrar (filleted) - small 23.2.5
Major Group Developments Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2023 |
| for |
| MAJOR GROUP DEVELOPMENTS LIMITED |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Contents of the Financial Statements |
| for the year ended 28 February 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MAJOR GROUP DEVELOPMENTS LIMITED |
| Company Information |
| for the year ended 28 February 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Juniper House |
| Warley Hill Business Park |
| The Drive |
| Brentwood |
| Essex |
| CM13 3BE |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Balance Sheet |
| 28 February 2023 |
| 2023 | 2022 |
| 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 |
| 28 February 2023 |
| 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 |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements |
| for the year ended 28 February 2023 |
| 1. | Statutory information |
| Major Group Developments Limited is a |
| 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. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| 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 |
| At 1 March 2022 |
| Additions |
| At 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2023 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 March 2022 |
| Additions |
| At 28 February 2023 |
| Net book value |
| At 28 February 2023 |
| At 28 February 2022 |
| The directors do not believe that the property value has materially changed. |
| Fair value at 28 February 2023 is represented by: |
| £ |
| Valuation in 2019 | 168,533 |
| Cost | 1,003,019 |
| 1,171,552 |
| 6. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| The bank loan is secured on the investment property held within the accounts. |
| MAJOR GROUP DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11222462) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2023 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 60 | 60 |
| 11. | Reserves |
| Revaluation |
| reserve |
| £ |
| At 1 March 2022 |
| and 28 February 2023 |