ACCOUNTS - Final Accounts preparation

Company registration number: 11883225

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	MGR 1 LIMITED


MGR 1 LIMITED

COMPANY INFORMATION

Director	M McElduff


Registered number	11883225


Registered office	Cheeca Lodge
	Flower Lane
	Godstone
	Surrey
	RH9 8DE


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


MGR 1 LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 4


MGR 1 LIMITED REGISTERED NUMBER:11883225

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025


	2025	2024
Note	£	£


Current assets
Stocks		3,391,661		-
Debtors: amounts falling due within one year	4	84		3,063
Cash at bank and in hand		594		190
		3,392,339		3,253
Creditors: amounts falling due within one year	5	(3,405,956)		(12,736)
Net current liabilities			(13,617)		(9,483)
Total assets less current liabilities			(13,617)		(9,483)

Net liabilities			(13,617)		(9,483)

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	(13,717)	(9,583)
	(13,617)	(9,483)

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M McElduff

Director

Date: 8 July 2026

Page 1


MGR 1 LIMITED REGISTERED NUMBER:11883225

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2


MGR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

MGR 1 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

As at 31 March 2025 the statement of financial position reports net current liabilities of £13,617 (2024 - £9,483). The company is reliant upon the continued support of its directors and its creditors, who confirm their
continued financial support of the company. The directors therefore consider it appropriate to prepare the
accounts on a going concern basis.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Amounts owed to an associated company	-	2,979
Tax recoverable	84	84
	84	3,063

Page 3


MGR 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to associated companies	400	8,400
Other creditors	3,399,461	-
Accruals and deferred income	6,095	4,336
	3,405,956	12,736

Warlock Investment Limited holds fixed and floating charges in relation to a loan to MGR 1 Limited, which are secured against the assets and undertakings of the company.

Zorin Avenue Lendco 5 Limited holds fixed and floating charges in relation to a loan to MGR 1 Limited, which are secured against the assets and undertakings of the company.

Page 4