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REGISTERED NUMBER: 11785555 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Mega Group Limited

Mega Group Limited (Registered number: 11785555)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

Mega Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P Muja





REGISTERED OFFICE: Suite 3 Bridle Close
Kingston upon Thames
Surrey
KT1 2JW





REGISTERED NUMBER: 11785555 (England and Wales)





ACCOUNTANTS: Suzanne Cater ACA
16 Terminal House
Station Approach
Shepperton
Middlesex
TW17 8AS

Mega Group Limited (Registered number: 11785555)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,066,190 499,652
Cash at bank 5,312 508,143
1,071,502 1,007,795
CREDITORS
Amounts falling due within one year 5 60,619 -
NET CURRENT ASSETS 1,010,883 1,007,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,883

1,007,795

CREDITORS
Amounts falling due after more than one year 6 569,700 536,800
NET ASSETS 441,183 470,995

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 441,083 470,895
441,183 470,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Mega Group Limited (Registered number: 11785555)

Statement of Financial Position - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





P Muja - Director


Mega Group Limited (Registered number: 11785555)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Mega Group 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Other debtors 101,690 164,652

Amounts falling due after more than one year:
Other debtors 964,500 335,000

Aggregate amounts 1,066,190 499,652

Mega Group Limited (Registered number: 11785555)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1 -
Other creditors 60,618 -
60,619 -

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings 569,700 536,800

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024.

P Muja

Balance as at the start of the year 99,469
Amounts advanced 129
Amounts repaid ( 63,092)
Balance outstanding at the end of the year ( 36,506)

8. RELATED PARTY DISCLOSURES

£964,500 is owed by PFM Properties Ltd to Mega Group Ltd a company owned by P Muja who is also a controlling shareholder of Mega Group Ltd.
£569,700 is owed to Mega Brickwork Ltd a wholly owned subsidiary of Mega Group Ltd.

Mega Group Limited

Report of the Accountants to the Director of
Mega Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Suzanne Cater ACA
16 Terminal House
Station Approach
Shepperton
Middlesex
TW17 8AS


Date: .............................................