IRIS Accounts Production v25.4.12.37 03473536 Board of Directors 1.3.24 28.2.25 28.2.25 0 0 true false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03473536 2024-02-29 03473536 2025-02-28 03473536 2024-03-01 2025-02-28 03473536 2023-02-28 03473536 2023-03-01 2024-02-29 03473536 2024-02-29 03473536 ns15:EnglandWales 2024-03-01 2025-02-28 03473536 ns14:PoundSterling 2024-03-01 2025-02-28 03473536 ns10:Director1 2024-03-01 2025-02-28 03473536 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03473536 ns10:SmallEntities 2024-03-01 2025-02-28 03473536 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 03473536 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 03473536 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 03473536 ns10:FullAccounts 2024-03-01 2025-02-28 03473536 ns10:OrdinaryShareClass1 2024-03-01 2025-02-28 03473536 ns10:Director2 2024-03-01 2025-02-28 03473536 ns10:CompanySecretary1 2024-03-01 2025-02-28 03473536 ns10:RegisteredOffice 2024-03-01 2025-02-28 03473536 ns5:CurrentFinancialInstruments 2025-02-28 03473536 ns5:CurrentFinancialInstruments 2024-02-29 03473536 ns5:Non-currentFinancialInstruments 2025-02-28 03473536 ns5:Non-currentFinancialInstruments 2024-02-29 03473536 ns5:ShareCapital 2025-02-28 03473536 ns5:ShareCapital 2024-02-29 03473536 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-02-28 03473536 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 03473536 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 03473536 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 03473536 ns5:PlantMachinery 2024-03-01 2025-02-28 03473536 ns5:PlantMachinery 2024-02-29 03473536 ns5:PlantMachinery 2025-02-28 03473536 ns5:CostValuation 2024-02-29 03473536 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 03473536 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 03473536 ns5:Secured 2025-02-28 03473536 ns5:Secured 2024-02-29 03473536 ns10:OrdinaryShareClass1 2025-02-28 03473536 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 03473536 ns10:Director1 1 2024-02-29 03473536 ns10:Director1 1 2023-02-28 03473536 ns10:Director1 1 2024-03-01 2025-02-28 03473536 ns10:Director1 1 2023-03-01 2024-02-29 03473536 ns10:Director1 1 2025-02-28 03473536 ns10:Director1 1 2024-02-29

REGISTERED NUMBER: 03473536 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

M G HOTELS LIMITED

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| M G HOTELS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | M Gill

| S Gill

| SECRETARY: | K S Gill

| REGISTERED OFFICE: | 40 High Street

| Northwood

| Middlesex

| HA6 1BN

| REGISTERED NUMBER: | 03473536 (England and Wales)

| ACCOUNTANTS: | Sage & Co

| Chartered Accountants

| 40 High Street

| Northwood

| Middlesex

| HA6 1BN

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 2,361,331 |  | 2,361,331 |  |

2,361,331 |  | 2,361,331 |  |

CURRENT ASSETS

Debtors | 6 | 1,619,660 |  | 1,808,987 |  |

Investments | 7 | 17,367 |  | 24,359 |  |

Cash at bank | 32,742 |  | 137,345 |  |

1,669,769 |  | 1,970,691 |  |

CREDITORS

Amounts falling due within one year | 8 | 312,479 |  | 364,085 |  |

NET CURRENT ASSETS | 1,357,290 |  | 1,606,606 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,718,621 |  | 3,967,937 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 943,286 |  | 1,123,059 |  |

NET ASSETS | 2,775,335 |  | 2,844,878 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 300,000 |  | 300,000 |  |

Fair value reserve | 12 | (12,633 | ) | (5,641 | ) |

Retained earnings | 2,487,968 |  | 2,550,519 |  |

SHAREHOLDERS' FUNDS | 2,775,335 |  | 2,844,878 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

BALANCE SHEET - continued

28 FEBRUARY 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

M Gill - Director

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| M G Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company is dependent on support from its shareholders in order to meet its liabilities as they fall due. The shareholders have committed to provide the company with financial support, if required, for a period of at least twelve months from the date the financial statements are approved. Accordingly, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.

| Preparation of consolidated financial statements

| The financial statements contain information about M G Hotels Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 20% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any impairment.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Current asset investments

| Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the investments are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 11,169 |  |

| DEPRECIATION

| At 1 March 2024

| and 28 February 2025 | 11,169 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 2,361,331 |  |

| NET BOOK VALUE

| At 28 February 2025 | 2,361,331 |  |

| At 29 February 2024 | 2,361,331 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 759,459 |  | 864,963 |  |

| Other debtors | 860,201 |  | 944,024 |  |

1,619,660 |  | 1,808,987 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Investments | 17,367 |  | 24,359 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 219,311 |  | 196,167 |  |

| Taxation and social security | 78,869 |  | 154,869 |  |

| Other creditors | 14,299 |  | 13,049 |  |

312,479 |  | 364,085 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 943,286 |  | 1,123,059 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | - |  | 253,145 |  |

| M G HOTELS LIMITED (REGISTERED NUMBER: 03473536) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,162,597 |  | 1,319,226 |  |

| The bank loan is secured by debentures over the assets of the company and its subsidiary, The Manor Hotel Limited which has also given a fixed charge over its hotel property.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 300,000 | Ordinary | £1 | 300,000 |  | 300,000 |  |

12. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 March 2024 | (5,641 | ) |

| Transfer | (6,992 | ) |

| At 28 February 2025 | (12,633 | ) |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| M Gill

| Balance outstanding at start of year | 703,153 |  | 686,396 |  |

| Amounts advanced | - |  | 16,757 |  |

| Amounts repaid | (83,823 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 619,330 |  | 703,153 |  |