MGA MANAGERS LIMITED

Company Registration Number:
10361505 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MGA MANAGERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MGA MANAGERS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 10,680 10,680
Total fixed assets: 10,680 10,680
Current assets
Stocks: 0 0
Debtors:   1,052,213 1,017,428
Cash at bank and in hand: 14,054 46,346
Investments:   0 0
Total current assets: 1,066,267 1,063,774
Creditors: amounts falling due within one year:   (979,544) (759,681)
Net current assets (liabilities): 86,723 304,093
Total assets less current liabilities: 97,403 314,773
Creditors: amounts falling due after more than one year:   (515,984) (777,049)
Provision for liabilities: 0 0
Total net assets (liabilities): (418,581) (462,276)
Capital and reserves
Called up share capital: 2,400 2,400
Share premium account: 99,723 99,723
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (520,704) (564,399)
Shareholders funds: (418,581) (462,276)

The notes form part of these financial statements

MGA MANAGERS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 03 October 2025
and signed on behalf of the board by:

Name: Alasdair Gray
Status: Director

The notes form part of these financial statements

MGA MANAGERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MGA MANAGERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

MGA MANAGERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

MGA MANAGERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

At 31 December 2024, £134,002.53 was due to Mr Stephen Cole and £236,683.41 was due to Mr Martin Gray, both directors of the company. As at 31 December 2024, MGA Managers Limited was owed £156,065; £7,205 from Power Elite Limited; £17,192 from Rerusni Limited; £2,400 from TMC Worldwide Limited; £13,161 by MML Consulting Limited, and £1,663 from Heartstone Holdings Limited (2022: £1,663); £330,800 from Trinity Bell Limited and £274,381 from HPT Holdings Limited, all associated companies registered in England.