Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseis that of the construction of domestic buildings.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09218896 2023-06-01 2024-05-31 09218896 2022-06-01 2023-05-31 09218896 2024-05-31 09218896 2023-05-31 09218896 c:Director3 2023-06-01 2024-05-31 09218896 d:CurrentFinancialInstruments 2024-05-31 09218896 d:CurrentFinancialInstruments 2023-05-31 09218896 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09218896 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09218896 d:ShareCapital 2024-05-31 09218896 d:ShareCapital 2023-05-31 09218896 d:RetainedEarningsAccumulatedLosses 2024-05-31 09218896 d:RetainedEarningsAccumulatedLosses 2023-05-31 09218896 c:FRS102 2023-06-01 2024-05-31 09218896 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09218896 c:FullAccounts 2023-06-01 2024-05-31 09218896 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 09218896













MLG Developers Limited

Financial statements
Information for filing with the registrar

31 May 2024




 
MLG Developers Limited


Balance sheet
At 31 May 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
194,512
196,473

Cash at bank and in hand
  
14
9

  
194,526
196,482

Creditors: amounts falling due within one year
 5 
(94,137)
(81,799)

Net current assets
  
 
 
100,389
 
 
114,683

Total assets less current liabilities
  
100,389
114,683

  

Net assets
  
100,389
114,683


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
100,388
114,682

Shareholders' funds
  
100,389
114,683


1

 
MLG Developers Limited

    
Balance sheet (continued)
At 31 May 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 February 2025.




J Flynn
Director

Company registered number: 09218896
The notes on pages 3 to 4 form part of these financial statements. 

2

 
MLG Developers Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

1.


General information

The company is a private company limited by shares, registered and domiciled in England and Wales. The address of the registered office is Suite 7a Lakeland Business Park, Lamplugh Road, Cockermouth, Cumbria, CA13 0QT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Going concern

The financial statements are prepared on the going concern basis on the basis that the company has continued support from its directors and related companies under the same/similar control who have indicated a willingness to continue to support it so as to meet any current obligations as they become due. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
185,361
151,237

Other debtors
9,151
45,236

194,512
196,473


3

 
MLG Developers Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

5.


Creditors: amounts falling due within one year

2024
2023
£
£

Other loans
74,999
74,999

Amounts owed to group undertakings
16,258
-

Accruals and deferred income
2,880
6,800

94,137
81,799



6.


Contingent liabilities

The company is party to a multilateral guarantee with AMEG Developments Ltd to support the borrowings of that company from LGA Developments Limited. At 31 May 2024 the borrowings to which the guarantee relates totalled £1,342,395.

 
4