2023-01-012023-12-312023-12-31false07466613MG PREMIER INVESTMENTS 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MG PREMIER INVESTMENTS LIMITED

Registered Number
07466613
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MG PREMIER INVESTMENTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

UPSON, Galyna
UPSON, Mark Richard John

Registered Address

168 Church Road
Hove
BN3 2DL

Registered Number

07466613 (England and Wales)
MG PREMIER INVESTMENTS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets387,89788,196
87,89788,196
Current assets
Debtors9192,559
Cash at bank and on hand609,740675,129
610,659677,688
Creditors amounts falling due within one year(122,332)(129,572)
Net current assets (liabilities)488,327548,116
Total assets less current liabilities576,224636,312
Creditors amounts falling due after one year(43,658)(46,793)
Net assets532,566589,519
Capital and reserves
Called up share capital55
Profit and loss account532,561589,514
Shareholders' funds532,566589,519
The financial statements were approved and authorised for issue by the Board of Directors on 3 April 2024, and are signed on its behalf by:
UPSON, Mark Richard John
Director
Registered Company No. 07466613
MG PREMIER INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: 25% on reducing balance
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2392,780
At 31 December 2392,780
Depreciation and impairment
At 01 January 234,584
Charge for year299
At 31 December 234,883
Net book value
At 31 December 2387,897
At 31 December 2288,196