MJ Developments (Ashton) Ltd - Accounts to registrar (filleted) - small 18.2
MJ Developments (Ashton) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| MJ Developments (Ashton) Ltd |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MJ Developments (Ashton) Ltd |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Yoden House |
| 30 Yoden Way |
| Peterlee |
| Co. Durham |
| SR8 1AL |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Balance Sheet |
| 31 March 2018 |
| 31.3.18 | 31.3.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 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 LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| MJ Developments (Ashton) Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Going concern note |
| The financial statements have been prepared on a going concern basis, the director believes this assumption to be |
| appropriate based on the continuing financial support of the company`s director and loan provider. |
| If the going concern basis was not appropriate, adjustments would have to be made to restate the value of the |
| assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed |
| assets as current assets and long term liabilities as current liabilities. |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| At 1 April 2017 |
| Reclassification/transfer | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| Reclassification/transfer | 343,936 |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other loans |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 28,850 | 34,900 |
| Accrued expenses |
| MJ Developments (Ashton) Ltd (Registered number: 10073841) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other loans - 2-5 years |
| Other loans more 5yrs instal | 266,084 | - |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans more 5yrs instal | 266,084 | - |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other loans |
| 10. | RELATED PARTY DISCLOSURES |
| Included within Other Creditors is an amount due to MJ Developments (Leeds) Limited, a company controlled |
| by the directors, of £7,330 (2017: £125,000). |
| Included within Other Debtors is an amount due from C80 Solutions Limited, a company controlled by the |
| directors, for £2,649 (2017: £NIL) |