MNG FILMS LIMITED

Company Registration Number:
06890341 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2022

Period of accounts

Start date: 01 May 2021

End date: 30 April 2022

MNG FILMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2022

Balance sheet
Notes

MNG FILMS LIMITED

Balance sheet

As at 30 April 2022


Notes

2022

2021


£

£
Fixed assets
Investments: 3 0 30,959
Total fixed assets: 0 30,959
Current assets
Debtors: 4 0 5,954
Cash at bank and in hand: 0 7,657
Total current assets: 0 13,611
Creditors: amounts falling due within one year: 5 (16,191) (41,796)
Net current assets (liabilities): (16,191) (28,185)
Total assets less current liabilities: (16,191) 2,774
Total net assets (liabilities): (16,191) 2,774
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (16,192) 2,773
Shareholders funds: (16,191) 2,774

The notes form part of these financial statements

MNG FILMS LIMITED

Balance sheet statements

For the year ending 30 April 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 July 2022
and signed on behalf of the board by:

Name: M Grenside
Status: Director

The notes form part of these financial statements

MNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

There was no turnover in the period under review.

Tangible fixed assets and depreciation policy

Fixed assets were fully depreciated and scrapped during the previous year.

Valuation and information policy

Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies

Foreign currency translation. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account. Taxation. Taxation represents the sum of tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted by the end of the reporting period. Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the rate of tax that is expected to apply in the periods in which the timing differences are expected to reverse. Going Concern and cessation to trade. The company ceased to trade on 31st March 2022 and the directors have restated all assets and liabilities at their recoverable amounts. Statutory information. The Company is a private company limited by shares and domiciled in England and Wales. The registered office is Annandale, Longdown Road, Lower Bourne, Farnham, Surrey, GU10 3JS.

MNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

MNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

3. Fixed investments

Investments b/f £30,959, Disposals at costs (£30,959), Cost c/f £Nil.

MNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

MNG FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

5. Creditors: amounts falling due within one year note

Other creditors £16,191 (2021-£36,606). Accruals £Nil (2021-£5,190). Total £16,191 (2021-£41,796).