MG PREMIER INVESTMENTS LIMITED


Directors	UPSON, Galyna
	UPSON, Mark Richard John


Registered Address	168 Church Road
	Hove
	BN3 2DL


Registered Number	07466613 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		87,812		87,896
			87,812		87,896
Current assets
Debtors		1,260		1,040
Cash at bank and on hand		469,698		609,740
		470,958		610,780
Creditors amounts falling due within one year	4	(21,901)		(122,452)
Net current assets (liabilities)			449,057		488,328
Total assets less current liabilities			536,869		576,224
Creditors amounts falling due after one year	5		(38,828)		(43,658)
Net assets			498,041		532,566
Capital and reserves
Called up share capital			5		5
Profit and loss account			498,036		532,561
Shareholders' funds			498,041		532,566

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 September 2025, and are signed on its behalf by:

UPSON, Mark Richard John
Director
Registered Company No. 07466613

MG PREMIER INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: 25% on reducing balance


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	87,000	3,371	2,409	92,780
Additions	-	-	186	186
At 31 December 24	87,000	3,371	2,595	92,966
Depreciation and impairment
At 01 January 24	-	3,222	1,662	4,884
Charge for year	-	37	233	270
At 31 December 24	-	3,259	1,895	5,154
Net book value
At 31 December 24	87,000	112	700	87,812
At 31 December 23	87,000	149	747	87,896

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	824	-
Bank borrowings and overdrafts	20,113	120,722
Taxation and social security	154	170
Accrued liabilities and deferred income	810	1,560
Total	21,901	122,452

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Trade creditors / trade payables	6,500	6,000
Bank borrowings and overdrafts	32,328	37,658
Total	38,828	43,658