Acorah Software Products - Accounts Production 16.8.310 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 12037120 Mrs Gurinder Gosal Dr Nrinder Gosal Mrs Gurinder Gosal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12037120 2024-06-30 12037120 2025-06-30 12037120 2024-07-01 2025-06-30 12037120 frs-core:CurrentFinancialInstruments 2025-06-30 12037120 frs-core:Non-currentFinancialInstruments 2025-06-30 12037120 frs-core:FurnitureFittings 2025-06-30 12037120 frs-core:FurnitureFittings 2024-07-01 2025-06-30 12037120 frs-core:FurnitureFittings 2024-06-30 12037120 frs-core:RevaluationReserve 2024-06-30 12037120 frs-core:RevaluationReserve 2025-06-30 12037120 frs-core:ShareCapital 2025-06-30 12037120 frs-core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 12037120 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-06-30 12037120 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 12037120 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 12037120 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 12037120 frs-bus:SmallEntities 2024-07-01 2025-06-30 12037120 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 12037120 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 12037120 frs-bus:Director1 2024-07-01 2025-06-30 12037120 frs-bus:Director2 2024-07-01 2025-06-30 12037120 frs-bus:CompanySecretary1 2024-07-01 2025-06-30 12037120 frs-countries:EnglandWales 2024-07-01 2025-06-30 12037120 2023-06-30 12037120 2024-06-30 12037120 2023-07-01 2024-06-30 12037120 frs-core:CurrentFinancialInstruments 2024-06-30 12037120 frs-core:Non-currentFinancialInstruments 2024-06-30 12037120 frs-core:RevaluationReserve 2024-06-30 12037120 frs-core:ShareCapital 2024-06-30 12037120 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 12037120
MNG Developments Limited
Financial Statements
For The Year Ended 30 June 2025
Goldstar Accountants Ltd
Chartered Accountants & Registered Auditors
63 London Street
Reading
RG1 4PS
MNG Developments Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
MNG Developments Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 12037120

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 17,801 |  | 22,161
Investment Properties | 5 |  | 3,660,012 |  | 3,660,012
|  |  | 3,677,813 |  | 3,682,173
CURRENT ASSETS
Debtors | 6 | 21,015 |  | 22,020 |
Cash at bank and in hand |  | 735 |  | 716 |
|  | 21,750 |  | 22,736 |
Creditors: Amounts Falling Due Within One Year | 7 | (188,397 ) |  | (197,803 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (166,647 ) |  | (175,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,511,166 |  | 3,507,106
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,225,191 ) |  | (2,225,822 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (255,476 ) |  | (255,476 )
NET ASSETS |  |  | 1,030,499 |  | 1,025,808
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Revaluation reserve | 11 |  | 1,344,610 |  | 1,344,610
Profit and Loss Account |  |  | (314,211 ) |  | (318,902 )
SHAREHOLDERS' FUNDS |  |  | 1,030,499 |  | 1,025,808

Page 1
Page 2
MNG Developments Limited
Balance Sheet (continued)
As At 30 June 2025
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Dr Nrinder Gosal Director
27/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
MNG Developments Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
MNG Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12037120 . The registered office is 96 Vallance Road, London, N22 7UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 1 |  | 1
| 1 |  | 1

Page 3
Page 4
MNG Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 July 2024 | 42,580
As at 30 June 2025 | 42,580
Depreciation
As at 1 July 2024 | 20,419
Provided during the period | 4,360
As at 30 June 2025 | 24,779
Net Book Value
As at 30 June 2025 | 17,801
As at 1 July 2024 | 22,161

Fixture & Fittings accounted as investment property prior year £42,580 reversed back.
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 July 2024 and 30 June 2025 | 3,660,012

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,914 |  | 2,914
Other debtors | 18,101 |  | 19,106
| 21,015 |  | 22,020

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 1,412
Accruals and deferred income | 1,608 |  | 1,896
Directors' loan accounts | 186,789 |  | 194,495
| 188,397 |  | 197,803

Page 4
Page 5
MNG Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 2,225,191 |  | 2,225,822

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 255,476 |  | 255,476

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 July 2024 | 1,344,610 | (318,902 )
Profit for the year and total comprehensive income | - | 4,691
As at 30 June 2025 | 1,344,610 | (314,211 )

Page 5