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REGISTERED NUMBER: 04119928 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

M.F.G.Estates Limited

M.F.G.Estates Limited (Registered number: 04119928)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

M.F.G.Estates Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: A E Jones





REGISTERED OFFICE: St. George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 04119928 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

M.F.G.Estates Limited (Registered number: 04119928)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 252,981 252,981

CURRENT ASSETS
Debtors 5 - 462,279
Cash at bank 7,042 6,544
7,042 468,823
CREDITORS
Amounts falling due within one year 6 (54,903 ) (41,029 )
NET CURRENT (LIABILITIES)/ASSETS (47,861 ) 427,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,120

680,775

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 205,119 680,774
SHAREHOLDERS' FUNDS 205,120 680,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





A E Jones - Director


M.F.G.Estates Limited (Registered number: 04119928)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

M.F.G.Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

The director considers that the leasehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material and therefore is not charged to the profit and loss account. The director performs an annual impairment review in accordance with the requirements of FRS 102 to ensure that the carrying value is not lower than the recoverable amount.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, cash held with banks and bank overdrafts.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account.

Exceptional items
The exceptional item relates to the demerger in the year of a subsidiary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

M.F.G.Estates Limited (Registered number: 04119928)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
At 1 April 2023
and 31 March 2024 252,981
NET BOOK VALUE
At 31 March 2024 252,981
At 31 March 2023 252,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors - 462,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 16,466 12,000
Taxation and social security 37,237 28,079
Other creditors 1,200 950
54,903 41,029

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A E Jones.

The company's ultimate parent company is MFG Group Holdings Limited.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M.F.G.Estates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M.F.G.Estates Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M.F.G.Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.F.G.Estates Limited and state those matters that we have agreed to state to the director of M.F.G.Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.F.G.Estates Limited and its director for our work or for this report.

It is your duty to ensure that M.F.G.Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M.F.G.Estates Limited. You consider that M.F.G.Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.F.G.Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


27 March 2025