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REGISTERED NUMBER: 12525686 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MGMT Infrastructure Ltd

MGMT Infrastructure Ltd (Registered number: 12525686)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


MGMT Infrastructure Ltd (Registered number: 12525686)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investments 4 - 1

CURRENT ASSETS
Debtors 5 73,786 844,397
Cash at bank 683,337 120,554
757,123 964,951
CREDITORS
Amounts falling due within one year 6 (847 ) (170,452 )
NET CURRENT ASSETS 756,276 794,499
TOTAL ASSETS LESS CURRENT LIABILITIES 756,276 794,500

CREDITORS
Amounts falling due after more than one
year

7

(8,984,229

)

(8,984,229

)
NET LIABILITIES (8,227,953 ) (8,189,729 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,228,053 ) (8,189,829 )
(8,227,953 ) (8,189,729 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 14 May 2025 and were signed on its behalf by:



Mr G R Bell - Director


MGMT Infrastructure Ltd (Registered number: 12525686)

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

1. STATUTORY INFORMATION

MGMT Infrastructure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12525686

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 1
Disposals (1 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1

MGMT Infrastructure Ltd (Registered number: 12525686)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 94,397
Amounts owed by group undertakings 65,679 750,000
Other debtors 8,107 -
73,786 844,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 97 127,646
Amounts owed to group undertakings - 1
Taxation and social security - 42,805
Other creditors 750 -
847 170,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 8,984,229 8,984,229

8. RELATED PARTY DISCLOSURES

Included within Creditors: Amounts falling due after more than one year, is an amount of £8,983,194 (2023: £8,983,194) that is owed to Mr Henry Daniel Sykes, the ultimate shareholder of the group. The loan is repayable on demand and bears interest at a rate of 7.34%. Loan interest of £nil (2023: £721,710) was expensed during the period and, at the year end, £1,035 (2023: £1,035) remained owed to Mr Sykes in addition to the above loan balance.

9. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent undertaking is MGMT Holdings SA (previously Lightspeed Fibre International Holdings SA) . Its registered office address is 16 Rue Jean L'Aveugle, L-1148, Luxembourg.