MGA PROPERTIES LIMITED

MGA PROPERTIES LIMITED

MGA PROPERTIES LIMITED - Company Information

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MGA PROPERTIES LIMITED

Company Registration Number:
NI020980 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2018

Period of accounts

Start date: 01 May 2017

End date: 31 May 2018

MGA PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2018

Balance sheet
Notes

MGA PROPERTIES LIMITED

Balance sheet

As at 31 May 2018


Notes
13 months to 31 May 2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 733,648 850,615
Investments: 3 50,000 0
Total fixed assets: 783,648 850,615
Current assets
Stocks: 0 0
Debtors:   86,499 48,962
Cash at bank and in hand: 27,710 54,592
Investments:   0 0
Total current assets: 114,209 103,554
Creditors: amounts falling due within one year:   (212,576) (224,202)
Net current assets (liabilities): (98,367) (120,648)
Total assets less current liabilities: 685,281 729,967
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 685,281 729,967
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 685,181 729,867
Shareholders funds: 685,281 729,967

The notes form part of these financial statements

MGA PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 May 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 January 2019
and signed on behalf of the board by:

Name: Mrs Barbara Graham
Status: Director

The notes form part of these financial statements

MGA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MGA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

2. Tangible Assets

Total
Cost £
At 01 May 2017 866,574
Additions 0
Disposals (116,967)
Revaluations 0
Transfers 0
At 31 May 2018 749,607
Depreciation
At 01 May 2017 15,959
Charge for year 0
On disposals 0
Other adjustments 0
At 31 May 2018 15,959
Net book value
At 31 May 2018 733,648
At 30 April 2017 850,615

MGA PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

3. Fixed investments

Fixed Asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.