REGISTERED NUMBER: 03533527

M.G.ASSETS LTD

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Y Blie

REGISTERED OFFICE:

111 College Hill Road

Harrow Weald

Harrow

Middlesex

HA3 7BT

REGISTERED NUMBER:

03533527

ACCOUNTANT:

MGS CONSULTING

Chartered Certified Accountant & Business Adviser

111 College Hill Road

Harrow

Middlesex

HA3 7BT

FIXED ASSETS

Tangible assets

4

257,077

256,534

Investments

5

1

1

257,078

256,535

CURRENT ASSETS

Prepayments and accrued income

1,114

2,131

Cash at bank

351,352

329,521

352,466

331,652

CREDITORS

Amounts falling due within one year

6

186,613

164,460

NET CURRENT ASSETS

165,853

167,192

TOTAL ASSETS LESS CURRENT LIABILITIES

422,931

423,727

CAPITAL AND RESERVES

Called up share capital

4

4

Revaluation reserve

7

57,155

57,155

Retained earnings

7

365,772

366,568

SHAREHOLDERS' FUNDS

422,931

423,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 31 October 2025 and were signed by:

Mr Y Blie - Director

1.	STATUTORY INFORMATION

M.G.ASSETS LTD is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

Premises

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

255,704

7,000

2,319

265,023

Additions

-

-

1,002

1,002

At 31 March 2025

255,704

7,000

3,321

266,025

DEPRECIATION

At 1 April 2024

-

6,909

1,580

8,489

Charge for year

-

23

436

459

At 31 March 2025

-

6,932

2,016

8,948

NET BOOK VALUE

At 31 March 2025

255,704

68

1,305

257,077

At 31 March 2024

255,704

91

739

256,534

The Lease of the Property held by the Company has been extended and is now a long lease.

Further M.G.Assets Ltd has acquired a share in Perrycourt Freehold Limited which holds the Freehold.

5.	FIXED ASSET INVESTMENTS

Other

investme

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Payments on account

-

460

Tax

-

794

Other creditors

108,487

108,487

Directors' current accounts

69,550

50,793

Accrued expenses

8,576

3,926

186,613

164,460

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

366,568

57,155

423,723

Deficit for the year

(796

)

(796

)

At 31 March 2025

365,772

57,155

422,927