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Registered Number: 14848890
England and Wales

 

 

 

MGK VENTURES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 June 2024

End date: 31 May 2025
 
 
Notes
 
2025
£
  2024
£
Current assets      
Debtors   1,000 
Cash at bank and in hand 3,119,677    2,235,342 
3,119,677    2,236,342 
Creditors: amount falling due within one year (27,730)   (7,590)
Net current assets 3,091,947    2,228,752 
 
Total assets less current liabilities 3,091,947    2,228,752 
Creditors: amount falling due after more than one year (2,976,128)   (2,200,000)
Net assets 115,819    28,752 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 114,819    27,752 
Shareholders' funds 115,819    28,752 
 


For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 09 June 2025 and were signed by:


-------------------------------
Meghana Gopalakrishnan
Director
1
General Information
MGK VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 14848890, registration address SUITE 15, FIRST FLOOR 213 KINGSBURY ROAD, SRI ABJI BAPASHREE HOUSE LONDON, NW9 8AQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of investments growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Revenue of the company comprised of investment income in the form of interest and dividends.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
2