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Company Registration No. 12430801 (England and Wales)
M.G FUTURE LETTINGS LTD Unaudited accounts for the year ended 31 January 2024
M.G FUTURE LETTINGS LTD Unaudited accounts Contents
Page
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M.G FUTURE LETTINGS LTD Company Information for the year ended 31 January 2024
Directors
Martin Gibbons Gemma Gibbons
Company Number
12430801 (England and Wales)
Registered Office
8 TINTERN CLOSE KIRKBY-IN-ASHFIELD NOTTINGHAM NG17 7RJ ENGLAND
Accountants
BFS Accountants Ltd Ransom Hall, Ransom Wood Business Park Southwell Road West Mansfield Nottinghamshire NG21 0HJ
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M.G FUTURE LETTINGS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
197,500 
197,500 
Current assets
Cash at bank and in hand
11,562 
5,996 
Creditors: amounts falling due within one year
(25,824)
(24,427)
Net current liabilities
(14,262)
(18,431)
Total assets less current liabilities
183,238 
179,069 
Creditors: amounts falling due after more than one year
(182,354)
(182,354)
Net assets/(liabilities)
884 
(3,285)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
882 
(3,287)
Shareholders' funds
884 
(3,285)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Martin Gibbons Director Company Registration No. 12430801
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M.G FUTURE LETTINGS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
M.G FUTURE LETTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 12430801. The registered office is 8 TINTERN CLOSE, KIRKBY-IN-ASHFIELD, NOTTINGHAM, NG17 7RJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Revaluation
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
197,500 
At 31 January 2024
197,500 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
197,500 
At 31 January 2023
197,500 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
870 
825 
Taxes and social security
193 
- 
Loans from directors
24,761 
23,602 
25,824 
24,427 
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M.G FUTURE LETTINGS LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
182,021 
182,021 
Other creditors
333 
333 
182,354 
182,354 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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