1 February 2024 false No description of principal activity Taxfiler 2024.6 12430801 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12430801 2024-01-31 12430801 2024-02-01 2025-01-31 12430801 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12430801 business:FilletedAccounts 2024-02-01 2025-01-31 12430801 2025-01-31 12430801 business:Director1 2024-02-01 2025-01-31 12430801 business:Director2 2024-02-01 2025-01-31 12430801 business:RegisteredOffice 2024-02-01 2025-01-31 12430801 2024-01-31 12430801 core:WithinOneYear 2025-01-31 12430801 core:WithinOneYear 2024-01-31 12430801 core:AfterOneYear 2025-01-31 12430801 core:AfterOneYear 2024-01-31 12430801 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 12430801 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 12430801 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 12430801 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 12430801 core:PreviouslyStatedAmount 2025-01-31 12430801 core:PreviouslyStatedAmount 2024-01-31 12430801 business:SmallEntities 2024-02-01 2025-01-31 12430801 countries:EnglandWales 2024-02-01 2025-01-31 12430801 core:LandBuildings 2024-02-01 2025-01-31 12430801 core:LandBuildings 2024-01-31 12430801 core:LandBuildings 2025-01-31 12430801 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12430801 (England and Wales)
M.G FUTURE LETTINGS LTD Unaudited accounts for the year ended 31 January 2025
M.G FUTURE LETTINGS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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M.G FUTURE LETTINGS LTD Company Information for the year ended 31 January 2025
Directors
Martin Gibbons Gemma Gibbons
Company Number
12430801 (England and Wales)
Registered Office
8 TINTERN CLOSE KIRKBY-IN-ASHFIELD NOTTINGHAM NG17 7RJ ENGLAND
Accountants
BFS Accountants Ltd Ransom Hall, Ransom Wood Business Park Southwell Road West Mansfield Nottinghamshire NG21 0HJ
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M.G FUTURE LETTINGS LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
322,500
197,500
Current assets
Cash at bank and in hand
4,671
11,562
Creditors: amounts falling due within one year
5
(65,369)
(25,824)
Net current liabilities
(60,698)
(14,262)
Total assets less current liabilities
261,802
183,238
Creditors: amounts falling due after more than one year
6
(275,736)
(182,354)
Net (liabilities)/assets
(13,934)
884
Capital and reserves
Called up share capital
2
2
Profit and loss account
(13,936)
882
Shareholders' funds
(13,934)
884
For the year ending 31 January 2025 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 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 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 of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
Martin Gibbons Director Company Registration No. 12430801
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M.G FUTURE LETTINGS LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
M.G FUTURE LETTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 12430801. The registered office is 8 TINTERN CLOSE, KIRKBY-IN-ASHFIELD, NOTTINGHAM, NG17 7RJ, ENGLAND.
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:
Land & buildings
Revaluation
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 February 2024
197,500
Additions
125,000
At 31 January 2025
322,500
Depreciation
At 31 January 2025
-
Net book value
At 31 January 2025
322,500
At 31 January 2024
197,500
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
900
870
Taxes and social security
-
193
Loans from directors
64,469
24,761
65,369
25,824
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M.G FUTURE LETTINGS LTD Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
275,736
182,021
Other creditors
-
333
275,736
182,354
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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