Limited Liability Partnership registration number OC316028 (England and Wales)
MG2 PRODUCTIONS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MG2 PRODUCTIONS LLP
CONTENTS
Page
Members' report
1
Balance sheet
2
Notes to the financial statements
3
MG2 PRODUCTIONS LLP
MEMBERS' REPORT
FOR THE PERIOD ENDED 31 MARCH 2025
- 1 -

The members present their annual report and financial statements for the period ended 31 March 2025.

Principal activities

The principal activity of the limited liability partnership continued to be that of a dormant partnership.

Members' drawings, contributions and repayments

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

 

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

Designated members

The designated members who held office during the period and up to the date of signature of the financial statements were as follows:

C Garapedian
T Swain
Small LLPs exemption

This report has been prepared in accordance with the special provisions relating to small LLPs within Part 15 of the Companies Act 2006.

Approved by the members on 5 December 2025 and signed on behalf by:
C Garapedian
Designated Member
MG2 PRODUCTIONS LLP (REGISTERED NUMBER: OC316028)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
31 March 2025
30 November 2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
156
156
Creditors: amounts falling due within one year
3
(940,445)
(940,445)
Net current liabilities and net liabilities attributable to members
(940,289)
(940,289)
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
(940,289)
(940,289)

For the financial period ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 480 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to dormant limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships 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 limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on
5 December 2025
05 December 2025
and are signed on their behalf by:
C Garapedian
Designated member
MG2 PRODUCTIONS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

MG2 Productions LLP is a limited liability partnership incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

The reporting period has been shortened. The reason for shortening the reporting period is due to directors' decision. This means that comparative amounts presented in the financial statements are not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Profit and loss account

The LLP has not traded during the period or the preceding financial period. During this time, the LLP received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

2
Employees

The average number of persons (excluding members) employed by the partnership during the period was:

2025
2024
Number
Number
Total
2
2
3
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
940,445
940,445
2025-03-312024-12-01falsetrue05 December 2025CCH SoftwareCCH Accounts Production 2025.300falseOC3160282024-12-012025-03-31OC316028bus:PartnerLLP12024-12-012025-03-31OC316028bus:PartnerLLP22024-12-012025-03-31OC3160282025-03-31OC3160282023-12-012024-11-30OC316028bus:EntityHasNeverTraded2024-12-012025-03-31OC316028bus:LimitedLiabilityPartnershipLLP2024-12-012025-03-31OC316028bus:SmallCompaniesRegimeForAccounts2024-12-012025-03-31OC316028bus:FRS1022024-12-012025-03-31OC316028bus:AuditExemptWithAccountantsReport2024-12-012025-03-31OC316028bus:FullAccounts2024-12-012025-03-31xbrli:purexbrli:shares