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Company Registration No. 13736014 (England and Wales)
P MUGARI ASSOCIATES LTD Unaudited accounts for the year ended 30 November 2024
P MUGARI ASSOCIATES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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P MUGARI ASSOCIATES LTD Company Information for the year ended 30 November 2024
Director
PAUL MUGARI
Company Number
13736014 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
Accountants
SONIC AND CO 198C UPPINGHAM ROAD Leicester Leicestershire LE5 0QG
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P MUGARI ASSOCIATES LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
17,575
13,200
Investment property
5
14,000
14,000
31,575
27,200
Current assets
Debtors
6
15,732
21,630
Cash at bank and in hand
5,094
5,688
20,826
27,318
Creditors: amounts falling due within one year
7
-
(5,964)
Net current assets
20,826
21,354
Net assets
52,401
48,554
Capital and reserves
Called up share capital
1
1
Profit and loss account
52,400
48,553
Shareholders' funds
52,401
48,554
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 9 October 2025 and were signed on its behalf by
PAUL MUGARI Director Company Registration No. 13736014
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P MUGARI ASSOCIATES LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
P MUGARI ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 13736014. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
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:
Plant & machinery
Depreciated annually at 20% straight line method
Computer equipment
Depreciated annually at 20% straight-line method
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
6,000
14,000
20,000
Additions
9,500
-
9,500
At 30 November 2024
15,500
14,000
29,500
Depreciation
At 1 December 2023
1,200
5,600
6,800
Charge for the year
2,325
2,800
5,125
At 30 November 2024
3,525
8,400
11,925
Net book value
At 30 November 2024
11,975
5,600
17,575
At 30 November 2023
4,800
8,400
13,200
5
Investment property
2024
£
Fair value at 1 December 2023
14,000
At 30 November 2024
14,000
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P MUGARI ASSOCIATES LTD Notes to the Accounts for the year ended 30 November 2024
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
12,070
9,040
Amounts falling due after more than one year
Other debtors
3,662
12,590
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
-
5,964
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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