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REGISTERED NUMBER: 02759751 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

MCG GROUP LIMITED

MCG GROUP LIMITED (REGISTERED NUMBER: 02759751)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCG GROUP LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs K R Potts
G R Potts





SECRETARY: G R Potts





REGISTERED OFFICE: Office Suite 1
Haslemere House
Haslemere
Surrey
GU27 2PE





REGISTERED NUMBER: 02759751 (England and Wales)

MCG GROUP LIMITED (REGISTERED NUMBER: 02759751)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44 56
Investments 5 128,013 128,013
128,057 128,069

CURRENT ASSETS
Debtors 6 16,320 16,320
Cash at bank 230 687
16,550 17,007
CREDITORS
Amounts falling due within one year 7 360 360
NET CURRENT ASSETS 16,190 16,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,247

144,716

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 144,157 144,626
SHAREHOLDERS' FUNDS 144,247 144,716

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

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

The directors acknowledge their 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.

MCG GROUP LIMITED (REGISTERED NUMBER: 02759751)

Balance Sheet - continued
31 October 2024


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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





Mrs K R Potts - Director


MCG GROUP LIMITED (REGISTERED NUMBER: 02759751)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

MCG Group 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 November 2023
and 31 October 2024 3,599
DEPRECIATION
At 1 November 2023 3,543
Charge for year 12
At 31 October 2024 3,555
NET BOOK VALUE
At 31 October 2024 44
At 31 October 2023 56

MCG GROUP LIMITED (REGISTERED NUMBER: 02759751)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 128,013
NET BOOK VALUE
At 31 October 2024 128,013
At 31 October 2023 128,013

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 16,320 16,320

The amount owed by group undertakings relates to a loan balance due to the company by Hamble Point Yacht Charters Limited, the wholly owned subsidiary of MCG Group Limited. This loan is interest free and there are no fixed terms for repayment.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 360 360

8. RELATED PARTY DISCLOSURES

MCG Group Limited owns 100% of the share capital of Hamble Point Charters Limited.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.