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
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
M & J PROPERTY MANAGEMENT LTD
Statement of financial position
as at 28 February 2023
Tangible assets
920,767
849,421
Cash at bank and in hand
72,552
85,192
Creditors: amounts falling due within one year
(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
(607,690)
(607,690)
Net assets
155,814
125,784
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
M & J PROPERTY MANAGEMENT LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 28 February 2023
849,421
77,832
927,253
Charge for the year
-
6,486
6,486
At 28 February 2023
-
6,486
6,486
At 28 February 2023
849,421
71,346
920,767
At 28 February 2022
849,421
-
849,421
Amounts falling due within one year
Accrued income and prepayments
914
-
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
Taxes and social security
1,279
17,621
Loans from directors
239,914
281,985
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).