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Company Registration No. 12958410 (England and Wales)
Mrgc Investments Ltd Unaudited accounts for the year ended 31 October 2024
Mrgc Investments Ltd Unaudited accounts Contents
Page
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Mrgc Investments Ltd Company Information for the year ended 31 October 2024
Directors
Avtar Singh SAHOTA Rajinder Kaur SAHOTA
Company Number
12958410 (England and Wales)
Registered Office
7 Grasmere Avenue Coventry West Midlands CV3 6AY England
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD 51 HEATHER ROAD BINLEY WOODS COVENTRY CV3 2DE
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Mrgc Investments Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,013,053 
740,458 
Current assets
Debtors
- 
2,500 
Cash at bank and in hand
133,658 
226,595 
133,658 
229,095 
Creditors: amounts falling due within one year
(700)
(1,872)
Net current assets
132,958 
227,223 
Total assets less current liabilities
1,146,011 
967,681 
Creditors: amounts falling due after more than one year
(849,001)
(808,473)
Net assets
297,010 
159,208 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
351,195 
219,980 
Profit and loss account
(55,185)
(61,772)
Shareholders' funds
297,010 
159,208 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by
Avtar Singh SAHOTA Director Company Registration No. 12958410
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Mrgc Investments Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Mrgc Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12958410. The registered office is 7 Grasmere Avenue, Coventry, West Midlands, CV3 6AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
738,822 
1,925 
740,747 
Additions
272,840 
- 
272,840 
At 31 October 2024
1,011,662 
1,925 
1,013,587 
Depreciation
At 1 November 2023
- 
289 
289 
Charge for the year
- 
245 
245 
At 31 October 2024
- 
534 
534 
Net book value
At 31 October 2024
1,011,662 
1,391 
1,013,053 
At 31 October 2023
738,822 
1,636 
740,458 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
2,500 
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Mrgc Investments Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
672 
Accruals
700 
1,200 
700 
1,872 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
464,451 
333,236 
Loans from directors
384,550 
475,237 
849,001 
808,473 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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