Abbreviated Company Accounts - MJ PROPERTY DEVELOPMENTS LIMITED

Abbreviated Company Accounts - MJ PROPERTY DEVELOPMENTS LIMITED

MJ PROPERTY DEVELOPMENTS LIMITED - Company Information

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Registered Number 07499727

MJ PROPERTY DEVELOPMENTS LIMITED

Abbreviated Accounts

31 January 2016

MJ PROPERTY DEVELOPMENTS LIMITED Registered Number 07499727

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,244 6,432
4,244 6,432
Current assets
Stocks 538,741 954,410
Cash at bank and in hand 522,523 7,752
1,061,264 962,162
Creditors: amounts falling due within one year (17,738) (20,105)
Net current assets (liabilities) 1,043,526 942,057
Total assets less current liabilities 1,047,770 948,489
Creditors: amounts falling due after more than one year (967,390) (907,968)
Total net assets (liabilities) 80,380 40,521
Capital and reserves
Called up share capital 2 2
Profit and loss account 80,378 40,519
Shareholders' funds 80,380 40,521
  • For the year ending 31 January 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 October 2016

And signed on their behalf by:
Mr J W Satchwell, Director

MJ PROPERTY DEVELOPMENTS LIMITED Registered Number 07499727

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover in the profit and loss account represents the profit arising on the sale of trading stock during the year, namely the property '19 The Green'

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Tools/Other Equipment - 3 years straight line

2Tangible fixed assets
£
Cost
At 1 February 2015 8,372
Additions 750
Disposals -
Revaluations -
Transfers -
At 31 January 2016 9,122
Depreciation
At 1 February 2015 1,940
Charge for the year 2,938
On disposals -
At 31 January 2016 4,878
Net book values
At 31 January 2016 4,244
At 31 January 2015 6,432