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REGISTERED NUMBER: 04803574 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FIRST HOUSING (MGM) LTD

FIRST HOUSING (MGM) LTD (REGISTERED NUMBER: 04803574)

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


FIRST HOUSING (MGM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr G Georgallis
Mr D Demosthenous





SECRETARY: Mr D Demosthenous





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04803574 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

FIRST HOUSING (MGM) LTD (REGISTERED NUMBER: 04803574)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,938 51,170

CURRENT ASSETS
Debtors 5 226,482 181,939
Cash at bank and in hand 423,981 415,768
650,463 597,707
CREDITORS
Amounts falling due within one year 6 654,943 587,614
NET CURRENT (LIABILITIES)/ASSETS (4,480 ) 10,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,458

61,263

CREDITORS
Amounts falling due after more than one
year

7

33,189

40,227
NET ASSETS 3,269 21,036

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,169 20,936
SHAREHOLDERS' FUNDS 3,269 21,036

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.

FIRST HOUSING (MGM) LTD (REGISTERED NUMBER: 04803574)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





Mr D Demosthenous - Director


FIRST HOUSING (MGM) LTD (REGISTERED NUMBER: 04803574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

First Housing (MGM) Ltd is a private company, limited by shares , registered in England and Wales. The 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
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the provision of services to landlords and customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 68,009 991 69,000
DEPRECIATION
At 1 July 2022 16,885 945 17,830
Charge for year 10,225 7 10,232
At 30 June 2023 27,110 952 28,062
NET BOOK VALUE
At 30 June 2023 40,899 39 40,938
At 30 June 2022 51,124 46 51,170

FIRST HOUSING (MGM) LTD (REGISTERED NUMBER: 04803574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 207,994 181,939
Other debtors 13,449 -
Tax 5,039 -
226,482 181,939

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 7,276 7,276
Trade creditors 414,226 352,726
Tax - 12,395
Social security and other taxes 2,938 -
Deposit account 225,463 210,417
Accrued expenses 5,040 4,800
654,943 587,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 33,189 40,227

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100