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REGISTERED NUMBER: 13877262 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

MGD PROPERTY INVESTMENTS LIMITED

MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MGD PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: G B A Dodson





REGISTERED OFFICE: 6a The Knowle
Huddersfield
United Kingdom
HD8 8EA





REGISTERED NUMBER: 13877262 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 405,000 376,095

CURRENT ASSETS
Debtors 5 10,056 1,651
Cash at bank 61,145 4,844
71,201 6,495
CREDITORS
Amounts falling due within one year 6 172,871 161,650
NET CURRENT LIABILITIES (101,670 ) (155,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,330

220,940

CREDITORS
Amounts falling due after more than one
year

7

(263,198

)

(217,698

)

PROVISIONS FOR LIABILITIES 10 (7,011 ) (1,519 )
NET ASSETS 33,121 1,723

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 29,890 6,477
Retained earnings 12 3,131 (4,854 )
SHAREHOLDERS' FUNDS 33,121 1,723

MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)

BALANCE SHEET - continued
31ST JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th October 2024 and were signed by:





G B A Dodson - Director


MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

MGD Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 376,095
Revaluations 28,905
At 31st January 2024 405,000
NET BOOK VALUE
At 31st January 2024 405,000
At 31st January 2023 376,095

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2023 7,996
Valuation in 2024 28,905
Cost 368,099
405,000

Investment properties have been revalued by the directors based on currently available market data.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 10,056 1,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 734 -
Other creditors 90,950 80,950
Directors' current accounts 80,228 79,800
Accrued expenses 959 900
172,871 161,650

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 263,198 217,698

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 263,198 217,698

MGD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13877262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 263,198 217,698

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loans 263,198 217,698

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,011 1,519

Deferred
tax
£   
Balance at 1st February 2023 1,519
Provided during year 5,492
Balance at 31st January 2024 7,011

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st February 2023 (4,854 ) 6,477 1,623
Profit for the year 31,398 31,398
Fair value transfer (28,905 ) 28,905 -
Deferred tax transfer 5,492 (5,492 ) -
At 31st January 2024 3,131 29,890 33,021