0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13027109 2022-12-01 2023-11-30 13027109 2023-11-30 13027109 2022-11-30 13027109 2021-12-01 2022-11-30 13027109 2022-11-30 13027109 2021-11-30 13027109 bus:Director1 2022-12-01 2023-11-30 13027109 core:WithinOneYear 2023-11-30 13027109 core:WithinOneYear 2022-11-30 13027109 core:AfterOneYear 2022-11-30 13027109 core:RetainedEarningsAccumulatedLosses 2023-11-30 13027109 core:RetainedEarningsAccumulatedLosses 2022-11-30 13027109 bus:SmallEntities 2022-12-01 2023-11-30 13027109 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13027109 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13027109 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13027109 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 13027109
MGHD Ltd
Filleted Unaudited Financial Statements
30 November 2023
MGHD Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Current assets
Debtors
4
185,000
Cash at bank and in hand
95
2
----
---------
95
185,002
Creditors: amounts falling due within one year
5
3,707
3,717
-------
---------
Net current (liabilities)/assets
( 3,612)
181,285
-------
---------
Total assets less current liabilities
( 3,612)
181,285
Creditors: amounts falling due after more than one year
6
184,650
-------
---------
Net liabilities
( 3,612)
( 3,365)
-------
---------
Capital and reserves
Profit and loss account
( 3,612)
( 3,365)
-------
-------
Shareholder deficit
( 3,612)
( 3,365)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Mr A Greenland
Director
Company registration number: 13027109
MGHD Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 70 Bridge Street, Newport, NP20 4AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The company ceased to trade in April 2021 following the disposal of the investment property. It does not intend to recommence trading in the foreseeable future.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2023
2022
£
£
Other debtors
185,000
----
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
3,707
3,717
-------
-------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
184,650
----
---------
7. Related party transactions
The company was under the control of Mr A W J Greenland for the year ended 30th November 2023.