REGISTERED NUMBER: 10460955 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

MCNGB Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Banndary

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

10460955 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Property, plant and equipment

4

1,127

438

Investment property

5

1,028,950

1,028,950

1,030,077

1,029,388

CURRENT ASSETS

Debtors

6

477

3,004

Cash at bank

23,642

27,323

24,119

30,327

CREDITORS

Amounts falling due within one year

7

559,779

566,415

NET CURRENT LIABILITIES

(535,660

)

(536,088

)

TOTAL ASSETS LESS CURRENT LIABILITIES

494,417

493,300

CREDITORS

Amounts falling due after more than one year

8

(435,802

)

(435,802

)

PROVISIONS FOR LIABILITIES

(10,220

)

(10,220

)

NET ASSETS

48,395

47,278

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

30,660

30,660

Retained earnings

17,635

16,518

SHAREHOLDERS' FUNDS

48,395

47,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 2 June 2026 and were signed by:

M Banndary - Director

1.	STATUTORY INFORMATION

MCNGB 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.

Revenue

Revenue represents the total value of rents receivable from the letting of investment properties throughout the course of the financial period.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2024

4,087

Additions

1,398

Disposals

(1,099

)

At 30 November 2025

4,386

DEPRECIATION

At 1 December 2024

3,649

Charge for year

564

Eliminated on disposal

(954

)

At 30 November 2025

3,259

NET BOOK VALUE

At 30 November 2025

1,127

At 30 November 2024

438

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

1,028,950

NET BOOK VALUE

At 30 November 2025

1,028,950

At 30 November 2024

1,028,950

Investment property fair values were established on an open market basis and based on loan property values. This was done so on 30 November 2025 by the director of the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

477

3,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

218

390

Other creditors

559,561

566,025

559,779

566,415

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

435,802

435,802

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

435,802

435,802

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

435,802

435,802

Bank loans are secured by way of fixed charges against the investment property of the company.

10.	RELATED PARTY DISCLOSURES

At the reporting date a balance of £552,291 (2024 - £550,772) is payable by the company to a director and controlling party of the company. This balance is included within creditors amounts falling due within one year.