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Company Registration No. 11995335 (England and Wales)
MGR2019 LTD Unaudited accounts for the year ended 31 May 2024
MGR2019 LTD Unaudited accounts Contents
Page
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MGR2019 LTD Company Information for the year ended 31 May 2024
Director
GANESH, Ritesh Muthy, Dr
Company Number
11995335 (England and Wales)
Registered Office
ARC COURT, FLAT 19 MAXWELL ROAD ROMFORD ESSEX RM7 0FH UNITED KINGDOM
Accountants
Pro Tax Plus Accountants MITRE HOUSE 2 BOND STREET Ipswich Suffolk IP4 1JE
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MGR2019 LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
348,214 
348,214 
Investments
30,000 
30,000 
378,214 
378,214 
Current assets
Debtors
37,068 
36,000 
Cash at bank and in hand
119,322 
3,183 
156,390 
39,183 
Creditors: amounts falling due within one year
(53,097)
(333,801)
Net current assets/(liabilities)
103,293 
(294,618)
Total assets less current liabilities
481,507 
83,596 
Creditors: amounts falling due after more than one year
(335,728)
- 
Net assets
145,779 
83,596 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
145,778 
83,595 
Shareholders' funds
145,779 
83,596 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 9 December 2024 and were signed on its behalf by
GANESH, Ritesh Muthy, Dr Director Company Registration No. 11995335
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MGR2019 LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MGR2019 LTD is a private company, limited by shares, registered in England and Wales, registration number 11995335. The registered office is ARC COURT, FLAT 19, MAXWELL ROAD, ROMFORD, ESSEX, RM7 0FH, UNITED KINGDOM.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
346,300 
1,914 
348,214 
At 31 May 2024
346,300 
1,914 
348,214 
Depreciation
At 31 May 2024
- 
- 
- 
Net book value
At 31 May 2024
346,300 
1,914 
348,214 
At 31 May 2023
346,300 
1,914 
348,214 
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
30,000 
Valuation at 31 May 2024
30,000 
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MGR2019 LTD Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
568 
- 
Other debtors
36,500 
36,000 
37,068 
36,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
22,207 
8,501 
Other creditors
- 
13,705 
Loans from directors
29,024 
309,729 
Accruals
1,866 
1,866 
53,097 
333,801 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
335,728 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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