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Registered number: 05612341
MG Fairclough Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05612341
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30 38
30 38
CURRENT ASSETS
Debtors 5 4,435 8,001
Investments 6 941,379 849,773
Cash at bank and in hand 142,838 135,473
1,088,652 993,247
Creditors: Amounts Falling Due Within One Year 7 (53,992 ) (57,925 )
NET CURRENT ASSETS (LIABILITIES) 1,034,660 935,322
TOTAL ASSETS LESS CURRENT LIABILITIES 1,034,690 935,360
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (62,563 ) (45,037 )
NET ASSETS 972,127 890,323
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 972,027 890,223
SHAREHOLDERS' FUNDS 972,127 890,323
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For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mark Fairclough
Director
07/08/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MG Fairclough Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05612341 . The registered office is 26 Bladon Close, Mapperley, Nottingham, Nottinghamshire, NG3 5FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, and includes revenue earned from the rendering of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings - 20% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2024 1,699
As at 30 November 2025 1,699
Depreciation
As at 1 December 2024 1,661
Provided during the period 8
As at 30 November 2025 1,669
Net Book Value
As at 30 November 2025 30
As at 1 December 2024 38
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,335 7,901
Called up share capital not paid 100 100
4,435 8,001
6. Current Asset Investments
2025 2024
£ £
Listed investments 941,379 849,773
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 6,140 10,144
Other taxes and social security 100 -
Accruals and deferred income 1,721 1,836
Director's loan account 46,031 45,945
53,992 57,925
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 6 7
Fair value movements on financial instruments 62,557 45,030
62,563 45,037
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2024 45,037 45,037
Additions 17,527 17,527
Utilised (1 ) (1)
Balance at 30 November 2025 62,563 62,563
10. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mark Fairclough 20,000 24,800
12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 25,000 31,000
13. Controlling Party
The company's controlling party is Mark Fairclough by virtue of ownership of 80% of the issued share capital in the company.
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