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Registration number: 11871374

MGP Capital Limited

Unaudited Financial Statements

for the Period from 1 April 2022 to 30 September 2023

 

MGP Capital Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

MGP Capital Limited

(Registration number: 11871374)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

454

-

Investments

5

58

58

 

512

58

Current assets

 

Debtors

6

80,155

65,800

Cash at bank and in hand

 

10,555

884

 

90,710

66,684

Net assets

 

91,222

66,742

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

91,122

66,642

Shareholders' funds

 

91,222

66,742

For the financial period ending 30 September 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 members have not required the company to obtain an audit of its accounts for the period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr Matthew Geoffrey Price
Director

 

MGP Capital Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 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:
7- 9 Macon Court
Crewe
CW1 6EA
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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:

Asset class

Depreciation method and rate

Office equipment

25% Straight line method

 

MGP Capital Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

MGP Capital Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

604

604

At 30 September 2023

604

604

Depreciation

Charge for the period

150

150

At 30 September 2023

150

150

Carrying amount

At 30 September 2023

454

454

5

Investments

2023
£

2022
£

Investments in subsidiaries

58

58

Subsidiaries

£

Cost or valuation

Additions

58

Provision

Carrying amount

At 30 September 2023

58

At 31 March 2022

58

6

Debtors

2023
£

2022
£

Other debtors

80,155

65,800

80,155

65,800