Registration number: 04878342

MGA Consultancy Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

MGA Consultancy Limited

Company Information

Director

Maurizio Gaetano Assante

Company secretary

Clare Leanne Assante

Registered office

1 Hoopern Street Exter Devon EX4 4LU

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

MGA Consultancy Limited

(Registration number: 04878342)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	189,353	177,711
Investment property	5	2,441,615	2,441,615
		2,630,968	2,619,326
Current assets
Debtors	6	16,400	24,498
Cash at bank and in hand		33,200	120,784
		49,600	145,282
Creditors: Amounts falling due within one year	7	(39,702)	(61,981)
Net current assets		9,898	83,301
Total assets less current liabilities		2,640,866	2,702,627
Creditors: Amounts falling due after more than one year	7	(1,087,214)	(1,103,230)
Provisions for liabilities		(65,815)	(67,640)
Net assets		1,487,837	1,531,757
Capital and reserves
Called up share capital		100	100
Retained earnings		1,487,737	1,531,657
Shareholders' funds		1,487,837	1,531,757

MGA Consultancy Limited

(Registration number: 04878342)
Balance Sheet as at 31 March 2025

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025
 

......................................... Maurizio Gaetano Assante Director

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1 Hoopern Street
Exter
Devon
EX4 4LU
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Over 5 years
Motor Vehicle	Over 5 years
Freehold property	Not depreciated as residual value deemed greater than cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	161,250	11,989	68,455	241,694
Additions	-	-	22,129	22,129
At 31 March 2025	161,250	11,989	90,584	263,823
Depreciation
At 1 April 2024	-	6,235	57,748	63,983
Charge for the year	-	1,151	9,336	10,487
At 31 March 2025	-	7,386	67,084	74,470
Carrying amount
At 31 March 2025	161,250	4,603	23,500	189,353
At 31 March 2024	161,250	5,754	10,707	177,711

Included within the net book value of land and buildings above is £161,250 (2024 - £161,250) in respect of freehold land and buildings.
 

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Investment properties

	2025 £
At 1 April	2,441,615
At 31 March	2,441,615

Investment Properties are carried at fair value with gains / losses recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

At the year end the Director, Mr M Assante, has assessed the fair value of each property and believes this to be reflected in the cumulative carrying amount.

6

Debtors

	2025 £	2024 £
Trade debtors	7,419	4,118
Other debtors	5,196	16,439
Prepayments and accrued income	3,785	3,941
Total current trade and other debtors	16,400	24,498

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,705	10,161
Trade creditors		7,964	1,743
Taxation and social security		5,791	37,300
Other creditors		9,430	3,227
Accrued expenses		2,745	4,565
Deferred income		3,067	4,985
		39,702	61,981

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,087,214	1,103,230

MGA Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	11,029	8,103
Hire purchase contracts	(324)	2,058
	10,705	10,161

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,086,376	1,100,331
Hire purchase contracts	838	2,899
	1,087,214	1,103,230

Creditors include bank loans and net obligations which are secured by floating charges over the company's assets of £1,086,376 (2024 - £1,100,331).

9	Related party transactions

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
interest free repayable on demand	5,823	19,611	(25,434)	-

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
interest free repayable on demand	16,728	39,218	(50,123)	5,823