Mgmf Limited 10980906 true 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of other food services, buyinh anf selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true Mr R Nekrasius true 10980906 2022-10-01 2023-09-30 10980906 2023-09-30 10980906 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-30 10980906 core:RetainedEarningsAccumulatedLosses 2023-09-30 10980906 core:ShareCapital 2023-09-30 10980906 core:CurrentFinancialInstruments 2023-09-30 10980906 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10980906 core:FurnitureFittingsToolsEquipment 2023-09-30 10980906 bus:FRS102 2022-10-01 2023-09-30 10980906 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10980906 bus:FullAccounts 2022-10-01 2023-09-30 10980906 bus:RegisteredOffice 2022-10-01 2023-09-30 10980906 bus:Director1 2022-10-01 2023-09-30 10980906 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-10-01 2023-09-30 10980906 bus:EntityNoLongerTradingButTradedInPast 2022-10-01 2023-09-30 10980906 bus:Consolidated 2022-10-01 2023-09-30 10980906 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10980906 countries:EnglandWales 2022-10-01 2023-09-30 10980906 2022-09-30 10980906 core:FurnitureFittingsToolsEquipment 2022-09-30 10980906 2022-09-30 10980906 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-09-30 10980906 core:RetainedEarningsAccumulatedLosses 2022-09-30 10980906 core:ShareCapital 2022-09-30 10980906 core:CurrentFinancialInstruments 2022-09-30 10980906 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10980906

Mgmf Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Mgmf Limited

(Registration number: 10980906)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

2,555

2,555

Cash at bank and in hand

 

124

124

 

2,679

2,679

Creditors: Amounts falling due within one year

(49,268)

(49,268)

Net liabilities

 

(46,589)

(46,589)

Capital and reserves

 

Called up share capital

5

1,001

1,001

Retained earnings

(47,590)

(47,590)

Shareholders' deficit

 

(46,589)

(46,589)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 March 2024
 

.........................................
Mr R Nekrasius
Director

 

Mgmf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
100 Sandgate High Stret
Sandgate High Street
Sandgate
Folkestone
CT20 3BY
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mgmf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mgmf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

2,743

2,743

At 30 September 2023

2,743

2,743

Depreciation

At 1 October 2022

2,743

2,743

At 30 September 2023

2,743

2,743

Carrying amount

At 30 September 2023

-

-

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

124

124

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,001

1,001

1,001

1,001

       

6

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

24,500

24,500

Directors current account

24,768

24,768

49,268

49,268