2023-04-012024-03-312024-03-31false08744041MSG VENTURES LTD2024-11-2082990iso4217:GBPxbrli:pure087440412023-04-01087440412024-03-31087440412023-04-012024-03-31087440412022-04-01087440412023-03-31087440412022-04-012023-03-3108744041bus:SmallEntities2023-04-012024-03-3108744041bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108744041bus:AbridgedAccounts2023-04-012024-03-3108744041bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108744041core:WithinOneYear2024-03-3108744041core:AfterOneYear2024-03-3108744041core:WithinOneYear2023-03-3108744041core:AfterOneYear2023-03-3108744041core:ShareCapital2024-03-3108744041core:SharePremium2024-03-3108744041core:RevaluationReserve2024-03-3108744041core:OtherReservesSubtotal2024-03-3108744041core:RetainedEarningsAccumulatedLosses2024-03-3108744041core:ShareCapital2023-03-3108744041core:SharePremium2023-03-3108744041core:RevaluationReserve2023-03-3108744041core:OtherReservesSubtotal2023-03-3108744041core:RetainedEarningsAccumulatedLosses2023-03-3108744041core:LandBuildings2024-03-3108744041core:PlantMachinery2024-03-3108744041core:Vehicles2024-03-3108744041core:FurnitureFittings2024-03-3108744041core:OfficeEquipment2024-03-3108744041core:NetGoodwill2024-03-3108744041core:IntangibleAssetsOtherThanGoodwill2024-03-3108744041core:ListedExchangeTraded2024-03-3108744041core:UnlistedNon-exchangeTraded2024-03-3108744041core:LandBuildings2023-03-3108744041core:PlantMachinery2023-03-3108744041core:Vehicles2023-03-3108744041core:FurnitureFittings2023-03-3108744041core:OfficeEquipment2023-03-3108744041core:NetGoodwill2023-03-3108744041core:IntangibleAssetsOtherThanGoodwill2023-03-3108744041core:ListedExchangeTraded2023-03-3108744041core:UnlistedNon-exchangeTraded2023-03-3108744041core:LandBuildings2023-04-012024-03-3108744041core:PlantMachinery2023-04-012024-03-3108744041core:Vehicles2023-04-012024-03-3108744041core:FurnitureFittings2023-04-012024-03-3108744041core:OfficeEquipment2023-04-012024-03-3108744041core:NetGoodwill2023-04-012024-03-3108744041core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108744041core:ListedExchangeTraded2023-04-012024-03-3108744041core:UnlistedNon-exchangeTraded2023-04-012024-03-3108744041core:MoreThanFiveYears2023-04-012024-03-3108744041core:Non-currentFinancialInstruments2024-03-3108744041core:Non-currentFinancialInstruments2023-03-3108744041dpl:CostSales2023-04-012024-03-3108744041dpl:DistributionCosts2023-04-012024-03-3108744041core:LandBuildings2023-04-012024-03-3108744041core:PlantMachinery2023-04-012024-03-3108744041core:Vehicles2023-04-012024-03-3108744041core:FurnitureFittings2023-04-012024-03-3108744041core:OfficeEquipment2023-04-012024-03-3108744041dpl:AdministrativeExpenses2023-04-012024-03-3108744041core:NetGoodwill2023-04-012024-03-3108744041core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108744041dpl:GroupUndertakings2023-04-012024-03-3108744041dpl:ParticipatingInterests2023-04-012024-03-3108744041dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3108744041core:ListedExchangeTraded2023-04-012024-03-3108744041dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3108744041core:UnlistedNon-exchangeTraded2023-04-012024-03-3108744041dpl:CostSales2022-04-012023-03-3108744041dpl:DistributionCosts2022-04-012023-03-3108744041core:LandBuildings2022-04-012023-03-3108744041core:PlantMachinery2022-04-012023-03-3108744041core:Vehicles2022-04-012023-03-3108744041core:FurnitureFittings2022-04-012023-03-3108744041core:OfficeEquipment2022-04-012023-03-3108744041dpl:AdministrativeExpenses2022-04-012023-03-3108744041core:NetGoodwill2022-04-012023-03-3108744041core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108744041dpl:GroupUndertakings2022-04-012023-03-3108744041dpl:ParticipatingInterests2022-04-012023-03-3108744041dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3108744041core:ListedExchangeTraded2022-04-012023-03-3108744041dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3108744041core:UnlistedNon-exchangeTraded2022-04-012023-03-3108744041core:NetGoodwill2024-03-3108744041core:IntangibleAssetsOtherThanGoodwill2024-03-3108744041core:LandBuildings2024-03-3108744041core:PlantMachinery2024-03-3108744041core:Vehicles2024-03-3108744041core:FurnitureFittings2024-03-3108744041core:OfficeEquipment2024-03-3108744041core:AfterOneYear2024-03-3108744041core:WithinOneYear2024-03-3108744041core:ListedExchangeTraded2024-03-3108744041core:UnlistedNon-exchangeTraded2024-03-3108744041core:ShareCapital2024-03-3108744041core:SharePremium2024-03-3108744041core:RevaluationReserve2024-03-3108744041core:OtherReservesSubtotal2024-03-3108744041core:RetainedEarningsAccumulatedLosses2024-03-3108744041core:NetGoodwill2023-03-3108744041core:IntangibleAssetsOtherThanGoodwill2023-03-3108744041core:LandBuildings2023-03-3108744041core:PlantMachinery2023-03-3108744041core:Vehicles2023-03-3108744041core:FurnitureFittings2023-03-3108744041core:OfficeEquipment2023-03-3108744041core:AfterOneYear2023-03-3108744041core:WithinOneYear2023-03-3108744041core:Liste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MSG VENTURES LTD

Registered Number
08744041
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MSG VENTURES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

GERCHEN, Mark

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

08744041 (England and Wales)
MSG VENTURES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2141,701
Investments450,00050,000
51,21451,701
Current assets
Debtors-754
-754
Net current assets (liabilities)-754
Total assets less current liabilities51,21452,455
Creditors amounts falling due after one year(246)-
Net assets50,96852,455
Capital and reserves
Called up share capital100100
Profit and loss account50,86852,355
Shareholders' funds50,96852,455
The financial statements were approved and authorised for issue by the Director on 20 November 2024, and are signed on its behalf by:
GERCHEN, Mark
Director
Registered Company No. 08744041
MSG VENTURES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 236,083
At 31 March 246,083
Depreciation and impairment
At 01 April 234,382
Charge for year487
At 31 March 244,869
Net book value
At 31 March 241,214
At 31 March 231,701
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 2350,000
At 31 March 2450,000
Net book value
At 31 March 2450,000
At 31 March 2350,000