MJG Capital Limited - Period Ending 2020-03-31

MJG Capital Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

MJG Capital Limited

(Registration number: 08053360)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	114,191	226,903
Creditors: Amounts falling due within one year	5	(32,770)	(117,576)
Net assets		81,421	109,327
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		81,321	109,227
Shareholders' funds		81,421	109,327

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 March 2021 and signed on its behalf by:
 

.........................................

Mr Michael James Gregson
Director

MJG Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Linnet Close
Deeping St James
Peterborough
PE6 8PJ

These financial statements were authorised for issue by the Board on 19 March 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

4

Debtors

	2020 £	2019 £
Other debtors	114,191	226,903
	114,191	226,903

MJG Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

5

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Other creditors	32,770	117,576

6	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100