2023-03-012024-03-312024-03-31false14698623MIGO GROUP LTD2024-11-29iso4217:GBPxbrli:pure146986232023-03-01146986232024-03-31146986232023-03-012024-03-31146986232023-02-28146986232023-02-28146986232023-02-282023-02-2814698623bus:SmallEntities2023-03-012024-03-3114698623bus:AuditExempt-NoAccountantsReport2023-03-012024-03-3114698623bus:AbridgedAccounts2023-03-012024-03-3114698623bus:PrivateLimitedCompanyLtd2023-03-012024-03-3114698623core:WithinOneYear2024-03-3114698623core:AfterOneYear2024-03-3114698623core:WithinOneYear2023-02-2814698623core:AfterOneYear2023-02-2814698623core:ShareCapital2024-03-3114698623core:SharePremium2024-03-3114698623core:RevaluationReserve2024-03-3114698623core:OtherReservesSubtotal2024-03-3114698623core:RetainedEarningsAccumulatedLosses2024-03-3114698623core:ShareCapital2023-02-2814698623core:SharePremium2023-02-2814698623core:RevaluationReserve2023-02-2814698623core:OtherReservesSubtotal2023-02-2814698623core:RetainedEarningsAccumulatedLosses2023-02-2814698623core:LandBuildings2024-03-3114698623core:PlantMachinery2024-03-3114698623core:Vehicles2024-03-3114698623core:FurnitureFittings2024-03-3114698623core:OfficeEquipment2024-03-3114698623core:NetGoodwill2024-03-3114698623core:IntangibleAssetsOtherThanGoodwill2024-03-3114698623core:ListedExchangeTraded2024-03-3114698623core:UnlistedNon-exchangeTraded2024-03-3114698623core:LandBuildings2023-02-2814698623core:PlantMachinery2023-02-2814698623core:Vehicles2023-02-2814698623core:FurnitureFittings2023-02-2814698623core:OfficeEquipment2023-02-2814698623core:NetGoodwill2023-02-2814698623core:IntangibleAssetsOtherThanGoodwill2023-02-2814698623core:ListedExchangeTraded2023-02-2814698623core:UnlistedNon-exchangeTraded2023-02-2814698623core:LandBuildings2023-03-012024-03-3114698623core:PlantMachinery2023-03-012024-03-3114698623core:Vehicles2023-03-012024-03-3114698623core:FurnitureFittings2023-03-012024-03-3114698623core:OfficeEquipment2023-03-012024-03-3114698623core:NetGoodwill2023-03-012024-03-3114698623core:IntangibleAssetsOtherThanGoodwill2023-03-012024-03-3114698623core:ListedExchangeTraded2023-03-012024-03-3114698623core:UnlistedNon-exchangeTraded2023-03-012024-03-3114698623core:MoreThanFiveYears2023-03-012024-03-3114698623core:Non-currentFinancialInstruments2024-03-3114698623core:Non-currentFinancialInstruments2023-02-2814698623dpl:CostSales2023-03-012024-03-3114698623dpl:DistributionCosts2023-03-012024-03-3114698623core:LandBuildings2023-03-012024-03-3114698623core:PlantMachinery2023-03-012024-03-3114698623core:Vehicles2023-03-012024-03-3114698623core:FurnitureFittings2023-03-012024-03-3114698623core:OfficeEquipment2023-03-012024-03-3114698623dpl:AdministrativeExpenses2023-03-012024-03-3114698623core:NetGoodwill2023-03-012024-03-3114698623core:IntangibleAssetsOtherThanGoodwill2023-03-012024-03-3114698623dpl:GroupUndertakings2023-03-012024-03-3114698623dpl:ParticipatingInterests2023-03-012024-03-3114698623dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-03-3114698623core:ListedExchangeTraded2023-03-012024-03-3114698623dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-03-3114698623core:UnlistedNon-exchangeTraded2023-03-012024-03-3114698623dpl:CostSales2023-02-282023-02-2814698623dpl:DistributionCosts2023-02-282023-02-2814698623core:LandBuildings2023-02-282023-02-2814698623core:PlantMachinery2023-02-282023-02-2814698623core:Vehicles2023-02-282023-02-2814698623core:FurnitureFittings2023-02-282023-02-2814698623core:OfficeEquipment2023-02-282023-02-2814698623dpl:AdministrativeExpenses2023-02-282023-02-2814698623core:NetGoodwill2023-02-282023-02-2814698623core:IntangibleAssetsOtherThanGoodwill2023-02-282023-02-2814698623dpl:GroupUndertakings2023-02-282023-02-2814698623dpl:ParticipatingInterests2023-02-282023-02-2814698623dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-282023-02-2814698623core:ListedExchangeTraded2023-02-282023-02-2814698623dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-282023-02-2814698623core:UnlistedNon-exchangeTraded2023-02-282023-02-2814698623core:NetGoodwill2024-03-3114698623core:IntangibleAssetsOtherThanGoodwill2024-03-3114698623core:LandBuildings2024-03-3114698623core:PlantMachinery2024-03-3114698623core:Vehicles2024-03-3114698623core:FurnitureFittings2024-03-3114698623core:OfficeEquipment2024-03-3114698623core:AfterOneYear2024-03-3114698623core:WithinOneYear2024-03-3114698623core:ListedExchangeTraded2024-03-3114698623core:UnlistedNon-exchangeTraded2024-03-3114698623core:ShareCapital2024-03-3114698623core:SharePremium2024-03-3114698623core:RevaluationReserve2024-03-3114698623core:OtherReservesSubtotal2024-03-3114698623core:RetainedEarningsAccumulatedLosses2024-03-3114698623core:NetGoodwill2023-02-2814698623core:IntangibleAssetsOtherThanGoodwill2023-02-2814698623core:LandBuildings2023-02-2814698623core:PlantMachinery2023-02-2814698623core:Vehicles2023-02-2814698623core:FurnitureFittings2023-02-2814698623core:OfficeEquipment2023-02-2814698623core:AfterOneYear2023-02-2814698623core:WithinOneYear2023-02-2814698623core:ListedExch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MIGO GROUP LTD

Registered Number
14698623
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

MIGO GROUP LTD
Company Information
for the period from 1 March 2023 to 31 March 2024

Director

PATEL, Mustaq Alli

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

14698623 (England and Wales)
MIGO GROUP LTD
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Fixed assets
Investments31,000
1,000
Current assets
Debtors514,368
514,368
Creditors amounts falling due within one year4(513,868)
Net current assets (liabilities)500
Total assets less current liabilities1,500
Net assets1,500
Capital and reserves
Called up share capital1,500
Shareholders' funds1,500
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
PATEL, Mustaq Alli
Director
Registered Company No. 14698623
MIGO GROUP LTD
Notes to the Financial Statements
for the period 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2024
Average number of employees during the year1
3.Fixed asset investments

Total

£
Cost or valuation
Additions1,000
At 31 March 241,000
Net book value
At 31 March 241,000
At 28 February 23-
4.Creditors: amounts due within one year

2024

£
Convertible loans513,868
Total513,868
On 17th August 2023 company received $200,000 from Peter Tschirky and on 13th September 2023 received further $450,000, as on reporting date, the term of the loan, including interest rate, repayment schedule and maturity date remain under negotiation. The loan has been recognized as current liability