MJE Portfolios Ltd Filleted accounts for Companies House (small and micro)

MJE PORTFOLIOS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09662407

MJE Portfolios Ltd

Filleted Unaudited Financial Statements

30 June 2023

MJE Portfolios Ltd

Statement of Financial Position

30 June 2023

	2023		2022
Note	£	£	£

Current assets

Debtors	4	294	84
Cash at bank and in hand		–	15
		----	----
		294	99

Creditors: amounts falling due within one year	5	26,461		25,216
		--------		--------
Net current liabilities			26,167	25,117
			--------	--------
Total assets less current liabilities			( 26,167)	( 25,117)
			--------	--------
Net liabilities			( 26,167)	( 25,117)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 26,168)	( 25,118)
	--------	--------
Shareholder deficit	( 26,167)	( 25,117)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 February 2024 , and are signed on behalf of the board by:

Mr M J Eynon
Director

Company registration number: 09662407

MJE Portfolios Ltd

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2023	2022
	£	£
Other debtors	294	84
	----	----

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	–	1,224
Amounts owed to group undertakings and undertakings in which the company has a participating interest	25,561	23,092
Other creditors	900	900
	--------	--------
	26,461	25,216
	--------	--------

6. Related party transactions

The company has taken advantage of paragraph 1AC.35 of FRS 102 not to disclose transactions between wholly owned members.

7. Controlling party

The company is controlled by MJE Properties Limited , by virtue of its 100% shareholding in the year. MJE Properties Limited is registered at 1 Picton Lane, Swansea, Wales, SA1 4AF .