2022-09-01 2023-08-31 false Capium Accounts Production 1.1 12825606 bus:FullAccounts 2022-09-01 2023-08-31 12825606 bus:FRS102 2022-09-01 2023-08-31 12825606 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12825606 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12825606 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12825606 2022-09-01 2023-08-31 12825606 2023-08-31 12825606 bus:RegisteredOffice 2022-09-01 2023-08-31 12825606 core:WithinOneYear 2023-08-31 12825606 core:AfterOneYear 2023-08-31 12825606 bus:Director1 2022-09-01 2023-08-31 12825606 bus:Director1 2023-08-31 12825606 bus:Director1 2021-09-01 2022-08-31 12825606 2021-09-01 12825606 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 12825606 2021-09-01 2022-08-31 12825606 2022-08-31 12825606 core:WithinOneYear 2022-08-31 12825606 core:AfterOneYear 2022-08-31 12825606 bus:EntityAccountantsOrAuditors 2021-09-01 2022-08-31 12825606 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12825606 bus:OrdinaryShareClass1 2023-08-31 12825606 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 12825606 bus:OrdinaryShareClass1 2022-08-31 12825606 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 12825606 bus:OrdinaryShareClass2 2023-08-31 12825606 bus:OrdinaryShareClass2 2021-09-01 2022-08-31 12825606 bus:OrdinaryShareClass2 2022-08-31 12825606 core:LandBuildings 2022-09-01 2023-08-31 12825606 core:LandBuildings 2023-08-31 12825606 core:LandBuildings 2022-08-31 12825606 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 12825606 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-08-31 12825606 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 12825606 core:CostValuation core:Non-currentFinancialInstruments 2022-08-31 12825606 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-08-31 12825606 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 12825606 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-08-31 12825606 core:Non-currentFinancialInstruments 2023-08-31 12825606 core:Non-currentFinancialInstruments 2022-08-31 12825606 core:ShareCapital 2023-08-31 12825606 core:ShareCapital 2022-08-31 12825606 core:RevaluationReserve 2023-08-31 12825606 core:RevaluationReserve 2022-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2023-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2022-08-31 12825606 core:ShareCapitalOrdinaryShares 2022-09-01 12825606 core:ShareCapitalOrdinaryShares 2021-09-01 12825606 core:ShareCapitalOrdinaryShares 2022-09-01 2023-08-31 12825606 core:ShareCapitalOrdinaryShares 2021-09-01 2022-08-31 12825606 core:ShareCapitalOrdinaryShares 2023-08-31 12825606 core:ShareCapitalOrdinaryShares 2022-08-31 12825606 core:RevaluationReserve 2022-09-01 12825606 core:RevaluationReserve 2021-09-01 12825606 core:RevaluationReserve 2022-09-01 2023-08-31 12825606 core:RevaluationReserve 2021-09-01 2022-08-31 12825606 core:RevaluationReserve 2023-08-31 12825606 core:RevaluationReserve 2022-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2022-09-01 12825606 core:RetainedEarningsAccumulatedLosses 2021-09-01 12825606 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2023-08-31 12825606 core:RetainedEarningsAccumulatedLosses 2022-08-31 12825606 dpl:Item1 2022-09-01 12825606 dpl:Item1 2023-08-31 12825606 dpl:Item1 2021-09-01 12825606 dpl:Item1 2022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12825606
England and Wales

 

 

 

MGD HOUGUEZ LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Director BRADLEY John David
Registered Number 12825606
Registered Office JUNIPER HOUSE WARLEY HILL BUSINESS PARK
THE DRIVE BRENTWOOD
CM13 3BE
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 August 2023
Principal activities
The companys principal activity during the year was buying and selling of own real estate and other letting and operating of own or leased real estate.
Director
The director who served the company throughout the year was as follows:
BRADLEY John David
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
BRADLEY John David
Director

Date approved: 21 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
31 August 2023



....................................................
Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
21 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Gross profit  
Administrative expenses (21,856)   (22,473)
Other operating income 42,841    153,084 
Operating profit 20,985    130,611 
Interest payable and similar charges (33,233)   (17,391)
Profit/(Loss) on ordinary activities before taxation (12,248)   113,220 
Tax on profit on ordinary activities   (19,000)
Profit/(Loss) for the financial year (12,248)   94,220 
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 650,000    650,000 
650,000    650,000 
Current assets      
Cash at bank and in hand 2,711    17,006 
Creditors: amount falling due within one year 4 (592,182)   (594,229)
Net current assets (589,471)   (577,223)
 
Total assets less current liabilities 60,529    72,777 
Provisions for liabilities 5 (19,000)   (19,000)
Net assets 41,529    53,777 
 

Capital and reserves
     
Called up share capital 6 100    100 
Reserves 7 81,000    81,000 
Profit and loss account (39,571)   (27,323)
Shareholders' funds 41,529    53,777 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 August 2024 and were signed by:


-------------------------------
BRADLEY John David
Director
5
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 September 2021 100  81,000  (40,543) 40,557 
Profit for the year 94,220  94,220 
Transfers to/from other reserves (81,000) (81,000)
Total comprehensive income for the year 13,220  13,220 
Total investments by and distributions to owners
At 31 August 2022 100  81,000  (27,323) 53,777 
At 01 September 2022 100  81,000  (27,323) 53,777 
Profit for the year (12,248) (12,248)
Total comprehensive income for the year (12,248) (12,248)
Total investments by and distributions to owners
At 31 August 2023 100  81,000  (39,571) 41,529 
6
General Information
MGD HOUGUEZ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12825606, registration address JUNIPER HOUSE WARLEY HILL BUSINESS PARK, THE DRIVE BRENTWOOD, CM13 3BE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 September 2022 650,000    650,000 
Additions  
Disposals  
At 31 August 2023 650,000    650,000 
Depreciation
At 01 September 2022  
Charge for year  
On disposals  
At 31 August 2023  
Net book values
Closing balance as at 31 August 2023 650,000    650,000 
Opening balance as at 01 September 2022 650,000    650,000 


4.

Creditors: amount falling due within one year

2023
£
  2022
£
Accrued Expenses 1,500    1,500 
Other Creditors 590,682    592,729 
592,182    594,229 

5.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 19,000    19,000 
19,000    19,000 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
50 Class A shares of £1.00 each 50    50 
50 Class B shares of £1.00 each 50    50 
100    100 

7.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 81,000    81,000 
81,000    81,000 

7