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REGISTERED NUMBER: 00930145 (England and Wales)















MGW HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2023






MGW HOLDINGS LIMITED (REGISTERED NUMBER: 00930145)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MGW HOLDINGS LIMITED

Company Information
for the year ended 30 June 2023







DIRECTORS: D J Goodall
Mrs D A Nelson
K Walder





SECRETARY: D J Goodall





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 00930145 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

MGW HOLDINGS LIMITED (REGISTERED NUMBER: 00930145)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 811,072 811,072

CURRENT ASSETS
Debtors 6 19,090 24,578
Cash at bank 265,129 329,611
284,219 354,189
CREDITORS
Amounts falling due within one year 7 37,084 43,309
NET CURRENT ASSETS 247,135 310,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,207

1,121,952

CAPITAL AND RESERVES
Called up share capital 3,300 3,300
Share premium 8 4,750 4,750
Capital redemption reserve 8 125 125
Retained earnings 8 1,050,032 1,113,777
SHAREHOLDERS' FUNDS 1,058,207 1,121,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

MGW HOLDINGS LIMITED (REGISTERED NUMBER: 00930145)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 January 2024 and were signed on its behalf by:





Mrs D A Nelson - Director


MGW HOLDINGS LIMITED (REGISTERED NUMBER: 00930145)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

MGW Holdings Limited is a private company limited by shares, incorporated and domiciled in England and Wales, registration number 00930145. The registered office is Nightingale House, 46-48 East Street, Epsom, Surrey, KT17 1HQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on a going concern basis.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER
Turnover represents rent receivable, excluding value added tax.

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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

MGW HOLDINGS LIMITED (REGISTERED NUMBER: 00930145)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 811,072
NET BOOK VALUE
At 30 June 2023 811,072
At 30 June 2022 811,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,813 2,527
Other debtors 16,277 22,051
19,090 24,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,210 3,888
Taxation and social security 2,642 12,380
Other creditors 33,232 27,041
37,084 43,309

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 July 2022 1,113,777 4,750 125 1,118,652
Profit for the year 11,264 11,264
Dividends (75,009 ) (75,009 )
At 30 June 2023 1,050,032 4,750 125 1,054,907

9. RELATED PARTY DISCLOSURES

Mr D C S Nelson, a connected party to one of the directors, Mrs D A Nelson, is a director in a firm which provided accountancy services totalling £1,600 (2022: £1,710) to the company during the period.