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Company Registration No. 11720943 (England and Wales)
MG Freestone Limited Unaudited accounts for the year ended 30 June 2025
MG Freestone Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MG Freestone Limited Company Information for the year ended 30 June 2025
Director
Joanne Doherty
Company Number
11720943 (England and Wales)
Registered Office
Innivation House Lansdown Lane Bath BA1 4NA ENGLAND
Accountants
Inni Corporation Limited Innivation House Trim Street Bath BA1 1HE
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MG Freestone Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,068
1,744
Current assets
Inventories
-
1,215,035
Debtors
5
608,555
755,669
Cash at bank and in hand
813,321
1,179,326
1,421,876
3,150,030
Creditors: amounts falling due within one year
6
(370,206)
(438,063)
Net current assets
1,051,670
2,711,967
Net assets
1,052,738
2,713,711
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,052,737
2,713,710
Shareholders' funds
1,052,738
2,713,711
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2026 and were signed on its behalf by
Joanne Doherty Director Company Registration No. 11720943
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MG Freestone Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
MG Freestone Limited is a private company, limited by shares, registered in England and Wales, registration number 11720943. The registered office is Innivation House, Lansdown Lane, Bath, BA1 4NA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 July 2024
4,762
At 30 June 2025
4,762
Depreciation
At 1 July 2024
3,018
Charge for the year
676
At 30 June 2025
3,694
Net book value
At 30 June 2025
1,068
At 30 June 2024
1,744
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
1,008
Amounts due from group undertakings etc.
595,388
511,143
Other debtors
13,167
243,518
608,555
755,669
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MG Freestone Limited Notes to the Accounts for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
26,566
-
Trade creditors
13,410
3,060
Amounts owed to group undertakings and other participating interests
324,175
428,263
Taxes and social security
59
59
Accruals
5,996
6,681
370,206
438,063
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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