ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 09193201

MGM KAPITAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

31 OCTOBER 2025

01483 755 399

hamlyns.com

MGM KAPITAL LIMITED

REGISTERED NUMBER: 09193201

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		6,000		9,548
			6,000		9,548
Current assets
Debtors: amounts falling due within one year	5	951,535		820,445
Cash at bank and in hand	6	20,828		50,716
		972,363		871,161
Creditors: amounts falling due within one year	7	(175,459)		(152,561)
Net current assets			796,904		718,600
Total assets less current liabilities			802,904		728,148
Creditors: amounts falling due after more than one year	8		(21,756)		(27,312)

Net assets			781,148		700,836

Capital and reserves
Called up share capital	100	100
Profit and loss account	781,048	700,736
	781,148	700,836

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 directors acknowledge their 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 income statement 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 on 22 June 2026.

Anthony Brendan Morrissey

Page 1

MGM KAPITAL LIMITED

REGISTERED NUMBER: 09193201

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2025

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

MGM KAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

MGM Kapital Limited is a private company, limited by shares and incorporated in England and
Wales,registration number 09193201. The address of the registered office is 5th floort 14-16 Dowgate Hill, London, England, EC4R 2SU.
These financial statements are presented in GBP

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

MGM KAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

MGM KAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

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

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 November 2024	16,700
	Disposals	(8,700)
	At 31 October 2025	8,000
	Depreciation
	At 1 November 2024	7,152
	Charge for the year on owned assets	2,226
	Disposals	(7,378)
	At 31 October 2025	2,000
	Net book value
	At 31 October 2025	6,000
	At 31 October 2024	9,548

Debtors

					2025	2024
					£	£


Trade debtors	606,055	582,865
Other debtors	345,480	237,580

Page 5

MGM KAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

5.Debtors (continued)

		951,535	820,445

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	20,828	50,716
	20,828	50,716

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

Bank loans	5,556	5,556
Corporation tax	45,236	30,558
Other taxation and social security	111,095	109,702
Other creditors	9,114	594
Accruals and deferred income	4,458	6,151
	175,459	152,561

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	21,756	27,312
	21,756	27,312

Page 6

MGM KAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Amounts falling due within one year
Bank loans	5,556	5,556
	5,556	5,556
Amounts falling due 1-2 years
Bank loans	21,756	27,312
	21,756	27,312


	27,312	32,868

10.	Related party transactions
	During the year, total dividends of £21,630 (2024 - £20,000) were paid to the directors. Other debtors include loans to companies connected to the director, A B Morrissey, amounting to £342,044 (2024- £234,144)

Page 7