Registration number:
MGI Partners Limited
for the Period from 20 September 2024 to 31 December 2025
MGI Partners Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
MGI Partners Limited
Company Information
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Director |
Mr P Millson |
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Company secretary |
Mrs C Millson |
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Registered office |
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Accountants |
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MGI Partners Limited
(Registration number: 15968627)
Balance Sheet as at 31 December 2025
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Note |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
(3,640) |
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Shareholders' deficit |
(3,639) |
For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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MGI Partners Limited
Notes to the Unaudited Financial Statements for the Period from 20 September 2024 to 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England .
The address of its registered office is:
The principal place of business is:
Didsbury Business Centre
137 Barlow Moor Road
Didsbury
M20 2PW
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
MGI Partners Limited
Notes to the Unaudited Financial Statements for the Period from 20 September 2024 to 31 December 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
MGI Partners Limited
Notes to the Unaudited Financial Statements for the Period from 20 September 2024 to 31 December 2025
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Tangible assets |
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Fixtures and fittings |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2025 |
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Depreciation |
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Charge for the period |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Debtors |
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Current |
2025 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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1 |
MGI Partners Limited
Notes to the Unaudited Financial Statements for the Period from 20 September 2024 to 31 December 2025
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Parent and ultimate parent undertaking |
The company's immediate parent is