MGM (Little Hadham) Limited 31/03/2025 iXBRL

Company registration number: 10529837

MGM (Little Hadham) Limited

Unaudited filleted financial statements

31 March 2025

MGM (Little Hadham) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

MGM (Little Hadham) Limited

Directors and other information


	Directors	Mr MS Holliday
		Ms M Parmar
		Mr GE Eaton


	Company number	10529837


	Registered office	19 New Road
		Drayton Parslow
		Milton Keynes
		MK17 0JH


	Business address	Studio 3, Spring Barn
		Fairclough Hall Farms
		Halls Green, Weston
		Herts
		SG4 7DP


	Accountants	Hardcastle Blake
		19 New Road
		Drayton Parslow
		Milton Keynes
		MK17 0JH

MGM (Little Hadham) Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of MGM (Little Hadham) Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MGM (Little Hadham) Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of MGM (Little Hadham) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MGM (Little Hadham) Limited and state those matters that we have agreed to state to the board of directors of MGM (Little Hadham) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MGM (Little Hadham) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that MGM (Little Hadham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MGM (Little Hadham) Limited. You consider that MGM (Little Hadham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MGM (Little Hadham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardcastle Blake

ICAEW

19 New Road

Drayton Parslow

Milton Keynes

MK17 0JH

5 December 2025

MGM (Little Hadham) Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Current assets
Stocks		84,360		82,351
Debtors	4	1,476		1,357
Cash at bank and in hand		123		193
		_______		_______
		85,959		83,901
Creditors: amounts falling due
within one year	5	( 57,221)		( 51,881)
		_______		_______
Net current assets			28,738		32,020
			_______		_______
Total assets less current liabilities			28,738		32,020

			_______		_______
Net assets			28,738		32,020
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			27,738		31,020
			_______		_______
Shareholders funds			28,738		32,020
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 05 December 2025 , and are signed on behalf of the board by:

Mr MS Holliday

Director

Company registration number: 10529837

MGM (Little Hadham) Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 19 New Road, Drayton Parslow, Milton Keynes, MK17 0JH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	392	357
Other debtors	1,084	1,000
	_______	_______
	1,476	1,357
	_______	_______

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	56,571	51,231
Other creditors	650	650
	_______	_______
	57,221	51,881
	_______	_______

6. Controlling party

The company is 100% subsidiary of MGM Holdings Limited, which shares the same registered office