Registration number:
MGM Muthu Hotels Limited
for the Year Ended 31 December 2023
MGM Muthu Hotels Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
MGM Muthu Hotels Limited
Company Information
Directors |
Ms Monicca Nivetha Maran Mr Porkodiyan Nachiappan Mr Ravi Venkatraman |
Registered office |
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Accountants |
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MGM Muthu Hotels Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is hotels
Small companies provision statement
This report has 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.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MGM Muthu Hotels Limited
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MGM Muthu Hotels Limited for the year ended 31 December 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of MGM Muthu Hotels Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MGM Muthu Hotels Limited and state those matters that we have agreed to state to the Board of Directors of MGM Muthu Hotels Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MGM Muthu Hotels Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MGM Muthu Hotels Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of MGM Muthu Hotels Limited. You consider that MGM Muthu Hotels Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MGM Muthu Hotels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants
760 Eastern Avenue
Newbury Park
London
IG2 7HU
MGM Muthu Hotels Limited
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
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Turnover |
- |
- |
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Gross profit/(loss) |
- |
- |
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Operating profit/(loss) |
- |
- |
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Profit/(loss) before tax |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
MGM Muthu Hotels Limited
Statement of Comprehensive Income for the Year Ended 31 December 2023
2023 |
2022 |
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Profit/(loss) for the year |
- |
- |
Total comprehensive income for the year |
- |
- |
MGM Muthu Hotels Limited
(Registration number: 13918684)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Shareholders' funds |
1 |
1 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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.
Approved and authorised by the
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MGM Muthu Hotels Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Total |
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At 1 January 2023 |
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At 31 December 2023 |
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Share capital |
Total |
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New share capital subscribed |
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At 31 December 2022 |
1 |
1 |
MGM Muthu Hotels Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
The financial statements have been prepared on a going concern basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
MGM Muthu Hotels Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1 |
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1 |