1 June 2023 false No description of principal activity Taxfiler 2024.6 OC422647business:LimitedLiabilityPartnershipLLP2023-06-012024-05-31 OC4226472023-05-31 OC4226472023-06-012024-05-31 OC422647business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 OC422647business:FullAccounts2023-06-012024-05-31 OC4226472024-05-31 OC422647business:PartnerLLP12023-06-012024-05-31 OC422647business:PartnerLLP22023-06-012024-05-31 OC422647business:RegisteredOffice2023-06-012024-05-31 OC4226472023-05-31 OC422647core:WithinOneYear2024-05-31 OC422647core:WithinOneYear2023-05-31 OC422647core:AfterOneYear2024-05-31 OC422647core:AfterOneYear2023-05-31 OC422647core:RetainedEarningsAccumulatedLosses2024-05-31 OC422647core:RetainedEarningsAccumulatedLosses2023-05-31 OC422647business:SmallEntities2023-06-012024-05-31 OC422647countries:EnglandWales2023-06-012024-05-31 OC422647core:PlantMachinery2023-05-31 OC422647core:MotorVehicles2023-05-31 OC422647core:PlantMachinery2023-06-012024-05-31 OC422647core:MotorVehicles2023-06-012024-05-31 OC422647core:PlantMachinery2024-05-31 OC422647core:MotorVehicles2024-05-31 OC4226472022-06-012023-05-31 iso4217:GBP xbrli:pure
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
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MGM BC LLP Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,553 
18,841 
Current assets
Debtors
12,516 
2,500 
Cash at bank and in hand
961 
(61)
13,477 
2,439 
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)
Represented by:
Loans and other debts due to members
(356,494)
(245,008)
Members' other interests
Other reserves
361,809 
204,217 
5,315 
(40,791)
Total members' interests
Loans and other debts due to members
(356,494)
(245,008)
Members' other interests
361,809 
204,217 
5,315 
(40,791)
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
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MGM BC LLP Notes to the Accounts for the year ended 31 May 2024
1
Accounting policies
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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:
2
Statutory information
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 
Additions
956 
- 
956 
At 31 May 2024
1,450 
23,529 
24,979 
Depreciation
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 
Net book value
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 
Trade creditors
(12,582)
- 
Taxes and social security costs
7,823 
22,862 
5,187 
33,446 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,257 
15,724 
Obligations under finance leases and hire purchase contracts
7,271 
12,901 
20,528 
28,625 
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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).
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