Registered No. OC422647 (England and Wales)
MGM BC LLP
Unaudited accounts
for the year ended 31 May 2024
MGM BC LLP
LLP Information
for the year ended 31 May 2024
Designated members
Mr Patryk Gazda
Mr Mateusz Wojciech Marszalek
Registered Number
OC422647 (England and Wales)
Registered Office
Censeo House
St. Peters Street
St. Albans
AL1 3LF
United Kingdom
Accountants
London Business Solutions Ltd
333 Edgware Road
Colindale
London
England
NW9 6TD
MGM BC LLP
Statement of financial position
as at 31 May 2024
Tangible assets
17,553
18,841
Cash at bank and in hand
961
(61)
Creditors: amounts falling due within one year
(5,187)
(33,446)
Net current assets/(liabilities)
8,290
(31,007)
Total assets less current liabilities
25,843
(12,166)
Creditors: amounts falling due after more than one year
(20,528)
(28,625)
Net assets/(liabilities) attributable to members
5,315
(40,791)
Loans and other debts due to members
(356,494)
(245,008)
Other reserves
361,809
204,217
Loans and other debts due to members
(356,494)
(245,008)
Members' other interests
361,809
204,217
For the year ending 31 May 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 25 January 2024.
Mr Mateusz Wojciech Marszalek
Designated member
Limited Liability Partnership Registration No. OC422647
MGM BC LLP
Notes to the Accounts
for the year ended 31 May 2024
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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:
MGM BC LLP is a limited liability partnership, incorporated in England and Wales, registration number OC422647. Its registered office is Censeo House, St. Peters Street, St. Albans, AL1 3LF, United Kingdom.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
494
23,529
24,023
At 31 May 2024
1,450
23,529
24,979
At 1 June 2023
280
4,902
5,182
Charge for the year
283
1,961
2,244
At 31 May 2024
563
6,863
7,426
At 31 May 2024
887
16,666
17,553
At 31 May 2023
214
18,627
18,841
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,946
10,584
Taxes and social security costs
7,823
22,862
5
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,271
12,901
MGM BC LLP
Notes to the Accounts
for the year ended 31 May 2024
6
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
(356,494)
(245,008)
Amounts falling due within one year
(356,494)
(245,008)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).