MCMGHC LTD - Accounts

MCMGHC LTD - Accounts

MCMGHC LTD - Company Information

Print Friendly Version

2020-06-18 2021-06-30 false Capium Accounts Production 1.1 SC664654 bus:FullAccounts 2020-06-18 2021-06-30 SC664654 bus:FRS102 2020-06-18 2021-06-30 SC664654 bus:AuditExemptWithAccountantsReport 2020-06-18 2021-06-30 SC664654 bus:SmallCompaniesRegimeForAccounts 2020-06-18 2021-06-30 SC664654 bus:PrivateLimitedCompanyLtd 2020-06-18 2021-06-30 SC664654 2020-06-18 2021-06-30 SC664654 2021-06-30 SC664654 bus:RegisteredOffice 2020-06-18 2021-06-30 SC664654 core:WithinOneYear 2021-06-30 SC664654 core:AfterOneYear 2021-06-30 SC664654 bus:Director1 2020-06-18 2021-06-30 SC664654 bus:Director1 2021-06-30 SC664654 2019-06-18 SC664654 2020-06-17 SC664654 core:ComputerEquipment 2020-06-18 2021-06-30 SC664654 core:ComputerEquipment 2021-06-30 SC664654 core:ComputerEquipment 2020-06-17 SC664654 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-06-30 SC664654 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-06-17 SC664654 core:CostValuation core:Non-currentFinancialInstruments 2021-06-30 SC664654 core:CostValuation core:Non-currentFinancialInstruments 2020-06-17 SC664654 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2021-06-30 SC664654 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2021-06-30 SC664654 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2021-06-30 SC664654 core:Non-currentFinancialInstruments 2021-06-30 SC664654 core:Non-currentFinancialInstruments 2020-06-17 SC664654 core:ShareCapital 2021-06-30 SC664654 core:RetainedEarningsAccumulatedLosses 2021-06-30 SC664654 dpl:Item1 2020-06-18 SC664654 dpl:Item1 2021-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC664654
Scotland

 

 

 

MCMGHC LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 18 June 2020

End date: 30 June 2021

MCMGHC LTD
Contents Page
For the period ended 30 June 2021
The directors present their annual report and the financial statements for the year ended 30 June 2021.
Principal activities
Principal activity of the company during the financial period was of human health activities
Director
The director who served the company throughout the period was as follows:
Paul Mulholland
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Paul Mulholland
Director

Date approved: 18 March 2022
1
 
 		 Notes
 		 2021
£
Fixed assets    
Tangible fixed assets 3 1,041 
1,041 
Current assets    
Debtors 4 2,040 
Cash at bank and in hand 7,674 
9,714 
Creditors: amount falling due within one year 5 (9,909)
Net current liabilities (195)
 
Total assets less current liabilities 846 
Provisions for liabilities 6 (198)
Net assets 648 
 

Capital and reserves 		   
Called up share capital 1 
Profit and loss account 647 
Shareholder's funds 648 
 


For the period ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 March 2022 and were signed by:


--------------------------------
Paul Mulholland
Director
2
General Information
MCMGHC LTD is a private company, limited by shares, registered in Scotland, registration number SC664654, registration address 227 4TH FLOOR, INGRAM STREET , GLASGOW, G1 1DA

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 18 June 2020 -    - 
Additions 1,554    1,554 
Disposals -    - 
At 30 June 2021 1,554    1,554 
Depreciation
At 18 June 2020 -    - 
Charge for period 513    513 
On disposals -    - 
At 30 June 2021 513    513 
Net book values
Closing balance as at 30 June 2021 1,041    1,041 
Opening balance as at 18 June 2020 -    - 


4.

Debtors: amounts falling due within one year

2021
£
Other Debtors 2,040 
2,040 

5.

Creditors: amount falling due within one year

2021
£
Corporation Tax 2,651 
Accrued Expenses 852 
Directors' Current Accounts 6,406 
9,909 

6.

Provisions for liabilities

2021
£
Deferred Tax 198 
198 

3