Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false true 1 2023-11-21 false The principal activity of the company is that of a record label false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15300451 2023-11-20 15300451 2023-11-21 2024-12-31 15300451 2022-11-21 2023-11-20 15300451 2024-12-31 15300451 c:Director1 2023-11-21 2024-12-31 15300451 d:CurrentFinancialInstruments 2024-12-31 15300451 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15300451 d:ShareCapital 2024-12-31 15300451 d:RetainedEarningsAccumulatedLosses 2024-12-31 15300451 c:OrdinaryShareClass1 2023-11-21 2024-12-31 15300451 c:OrdinaryShareClass1 2024-12-31 15300451 c:FRS102 2023-11-21 2024-12-31 15300451 c:AuditExempt-NoAccountantsReport 2023-11-21 2024-12-31 15300451 c:FullAccounts 2023-11-21 2024-12-31 15300451 c:PrivateLimitedCompanyLtd 2023-11-21 2024-12-31 15300451 e:PoundSterling 2023-11-21 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15300451 MG ENTERTAINMENT LTD UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
MG ENTERTAINMENT LTD REGISTERED NUMBER:15300451
BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024
Note |  | £
Current assets |  |  |
Debtors: amounts falling due within one year | 4 | 93,013 |
Cash at bank and in hand | 5 | 100 |
|  | 93,113 |
Creditors: amounts falling due within one year | 6 | (99,582) |
Net current liabilities |  |  | (6,469)
Total assets less current liabilities |  |  | (6,469)
Net liabilities |  |  | (6,469)
Capital and reserves |  |  |
Called up share capital | 7 |  | 100
Profit and loss account |  |  | (6,569)
|  |  | (6,469)
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A Merton
Director
Date: 21 November 2025
The notes on pages 2 to 4 form part of these financial statements. Page 1
MG ENTERTAINMENT LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
1. | General information
MG Entertainment Ltd is a private company, limited by shares, registered in England and Wales, registration number 15300451. During the year, the company changed its registered office address from 5 Essendine Road, London, W9 2LS to Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The company was incorporated on 21 November 2023 and commenced trading on the same date. The company has extended its accounting period from 30 November 2024 to 31 December 2024. The principal activity of the company is that of a music record label. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.
| 2.2 | Going concern
On the basis of information and enquiries that are pertinent to the company’s circumstances and which the director believes to be adequate, it is appropriate to continue to treat the company as a going concern. In particular the director believes that adequate cash resources will be available to cover the company’s requirements for working capital for at least twelve months from the date of signing the financial statements and confirms that it continues to receive support from its director.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is pound sterling. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.
| 2.4 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.5 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Page 2
MG ENTERTAINMENT LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Creditors
Short-term creditors are measured at the transaction price.
| 2.7 | Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors and trade and other creditors.
3. | Employees
| The average monthly number of employees, including the director, during the period was 1.
4. | Debtors
|  |  |  |  | 2024
|  |  |  |  | £
| Amounts owed by connected company | 84,989
| Other debtors | 716
| Prepayments | 7,308
|  | 93,013
5. | Cash
|  |  |  |  | 2024
|  |  |  |  | £
| Cash at bank and in hand | 100
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2024
|  |  |  |  | £
| Trade creditors | 8,144
| Accruals and deferred income | 91,438
|  | 99,582
Page 3
MG ENTERTAINMENT LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
7. | Share capital
|  |  |  |  | 2024
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 100 Ordinary shares of £1.00 each | 100
On incorporation, the company issued 100 ordinary shares at a nominal value of £1 each.
Page 4