Registration number: 14947546

MCBG Properties LTD

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

MCBG Properties LTD

(Registration number: 14947546)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	2	2
Creditors: Amounts falling due within one year	5	(1,000)	-
Net (liabilities)/assets		(998)	2
Capital and reserves
Called up share capital	6	2	2
Retained earnings		(1,000)	-
Shareholders' (deficit)/funds		(998)	2

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2025 and signed on its behalf by:
 

......................................... Mr Benjamin Alexander Gaston Director

MCBG Properties LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
20 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the Board on 13 October 2025.

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.

The presentational currency of these financial statements is sterling and amounts have been rounded to the nearest £1.

Going concern

The company has a negative balance sheet as at 30/06/2025. The financial statements have been prepared on a going-concern basis on the assumption that the directors will continue to provide financial support for at least 12 months from the date of approval. The directors have confirmed their intention not to seek repayment of existing loans and to provide further funds if required.

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.

MCBG Properties LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Debtors

Current	2025 £	2024 £
Other debtors	2	2
	2	2

MCBG Properties LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	600	-
Other creditors	400	-
	1,000	-

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	2	2	2	2

7	Related party transactions

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	400

2024

8	Parent and ultimate parent undertaking

The ultimate controlling party is Benjamin Gaston & Adam McBurney.