M & J PROPERTY MANAGEMENT LTD

M & J PROPERTY MANAGEMENT LTD

M & J PROPERTY MANAGEMENT LTD - Company Information

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Company Registration No. 08891757 (England and Wales)
M & J PROPERTY MANAGEMENT LTD Unaudited accounts for the year ended 28 February 2023
M & J PROPERTY MANAGEMENT LTD Unaudited accounts Contents
Page
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M & J PROPERTY MANAGEMENT LTD Company Information for the year ended 28 February 2023
Directors
Maureen Slade Jacqueline Slade
Company Number
08891757 (England and Wales)
Registered Office
PROJECT H LTD BEADLE HOUSE BULL PLAIN HERTFORD HERTFORDSHIRE SG14 1DT ENGLAND
Accountants
Project H Limited Accountants Beadle House Bull Plain Hertford Hertfordshire SG14 1DT
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M & J PROPERTY MANAGEMENT LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
920,767 
849,421 
Current assets
Debtors
5
47,834 
98,467 
Cash at bank and in hand
72,552 
85,192 
120,386 
183,659 
Creditors: amounts falling due within one year
6
(277,649)
(299,606)
Net current liabilities
(157,263)
(115,947)
Total assets less current liabilities
763,504 
733,474 
Creditors: amounts falling due after more than one year
7
(607,690)
(607,690)
Net assets
155,814 
125,784 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
155,812 
125,782 
Shareholders' funds
155,814 
125,784 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by
Maureen Slade Director Company Registration No. 08891757
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M & J PROPERTY MANAGEMENT LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
M & J PROPERTY MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 08891757. The registered office is PROJECT H LTD BEADLE HOUSE, BULL PLAIN, HERTFORD, HERTFORDSHIRE, SG14 1DT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
849,421 
- 
849,421 
Additions
- 
77,832 
77,832 
At 28 February 2023
849,421 
77,832 
927,253 
Depreciation
Charge for the year
- 
6,486 
6,486 
At 28 February 2023
- 
6,486 
6,486 
Net book value
At 28 February 2023
849,421 
71,346 
920,767 
At 28 February 2022
849,421 
- 
849,421 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
46,920 
98,467 
Accrued income and prepayments
914 
- 
47,834 
98,467 
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M & J PROPERTY MANAGEMENT LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
36,456 
- 
Taxes and social security
1,279 
17,621 
Loans from directors
239,914 
281,985 
277,649 
299,606 
During the year the directors entered into the following advances and credits with the company: 2022 2021 Mrs M Slade £276,544 £269,011
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
607,690 
607,690 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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