MTG Property Consultancy Limited - Period Ending 2015-07-31

Registration number: 09033115

MTG Property Consultancy Limited

Unaudited Abbreviated Accounts

for the Period from 9 May 2014 to 31 July 2015

 

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

MTG Property Consultancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

MTG Property Consultancy Limited
(Registration number: 09033115)
Abbreviated Balance Sheet at 31 July 2015

		Note			31 July 2015 £
Fixed assets
Tangible fixed assets					206,360
Current assets
Debtors					10,500
Cash at bank and in hand					3,940
					14,440
Creditors: Amounts falling due within one year					(92,924)
Net current liabilities					(78,484)
Total assets less current liabilities					127,876
Creditors: Amounts falling due after more than one year					(120,000)
Net assets					7,876
Capital and reserves
Called up share capital		4			100
Profit and loss account					7,776
Shareholders' funds					7,876

For the year ending 31 July 2015 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 4 August 2015

.........................................
Mr Mohammed Tasawar Ghafoor
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

MTG Property Consultancy Limited
Notes to the Abbreviated Accounts for the Period from 9 May 2014 to 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	20% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		206,450			206,450
At 31 July 2015		206,450			206,450
Depreciation
Charge for the period		90			90
At 31 July 2015		90			90
Net book value
At 31 July 2015		206,360			206,360

3

Creditors

Included in the creditors are the following amounts due after more than five years:

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MTG Property Consultancy Limited
Notes to the Abbreviated Accounts for the Period from 9 May 2014 to 31 July 2015
......... continued

		31 July 2015 £
After more than five years by instalments		120,000

4	Share capital

Allotted, called up and fully paid shares

	31 July 2015
		No.			£
Ordinary £1 Shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary £1 Shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Subscribed.

Page 3