Company Registration No. 10651334 (England and Wales)
MMG PROPERTY RENTALS LTD
Unaudited accounts
for the year ended 31 March 2024
MMG PROPERTY RENTALS LTD
Unaudited accounts
Contents
MMG PROPERTY RENTALS LTD
Company Information
for the year ended 31 March 2024
Directors
Michael Goodyear
Amanda Goodyear
Company Number
10651334 (England and Wales)
Registered Office
THE NOOK
ACACIA ROAD
BASILDON
ESSEX
SS13 2LU
UNITED KINGDOM
MMG PROPERTY RENTALS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
1,245,485
1,245,485
Cash at bank and in hand
50,055
24,096
Creditors: amounts falling due within one year
(347,341)
(349,491)
Net current liabilities
(228,112)
(256,221)
Total assets less current liabilities
1,017,373
989,264
Creditors: amounts falling due after more than one year
(943,650)
(941,200)
Profit and loss account
73,623
47,964
Shareholders' funds
73,723
48,064
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Michael Goodyear
Director
Company Registration No. 10651334
MMG PROPERTY RENTALS LTD
Notes to the Accounts
for the year ended 31 March 2024
MMG PROPERTY RENTALS LTD is a private company, limited by shares, registered in England and Wales, registration number 10651334. The registered office is THE NOOK, ACACIA ROAD, BASILDON, ESSEX, SS13 2LU, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
At 31 March 2024
1,245,485
At 31 March 2024
1,245,485
At 31 March 2023
1,245,485
Amounts falling due within one year
Other debtors
52,769
52,769
Amounts falling due after more than one year
Other debtors
16,405
16,405
MMG PROPERTY RENTALS LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
340,243
342,393
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
937,631
937,631
Taxes and social security
6,019
3,569
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Average number of employees
During the year the average number of employees was 0 (2023: 0).