MDG CAPITAL 1 LIMITED

Company Registration Number:
SC536327 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

MDG CAPITAL 1 LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

MDG CAPITAL 1 LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company is investment



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Darren McDermott
William McDermott
Jason McDermott
Iain Muir


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 April 2025

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

MDG CAPITAL 1 LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 580,950 525,150
Cash at bank and in hand: 236 159,205
Investments:   0 0
Total current assets: 581,186 684,355
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 291,264 ) ( 445,138 )
Net current assets (liabilities): 289,922 239,217
Total assets less current liabilities: 289,922 239,217
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 289,922 239,217
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 289,921 239,216
Total Shareholders' funds: 289,922 239,217

The notes form part of these financial statements

MDG CAPITAL 1 LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

MDG CAPITAL 1 LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

MDG CAPITAL 1 LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MDG CAPITAL 1 LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 580,950 525,150
Total 580,950 525,150
Debtors due after more than one year: 0 0

MDG CAPITAL 1 LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,453 1,538
Taxation and social security 36,456 8,745
Accruals and deferred income 7,000 266,500
Other creditors 246,355 168,355
Total 291,264 445,138

MDG CAPITAL 1 LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.