MGK PROPERTY LTD

MGK PROPERTY LTD

MGK PROPERTY LTD - Company Information

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MGK PROPERTY LTD

Company Registration Number:
NI642366 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

MGK PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

MGK PROPERTY LTD

Balance sheet

As at 30 November 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 837,482 837,482
Total fixed assets: 837,482 837,482
Current assets
Cash at bank and in hand: 62,545 27,036
Total current assets: 62,545 27,036
Creditors: amounts falling due within one year: 4 (30,599) (22,878)
Net current assets (liabilities): 31,946 4,158
Total assets less current liabilities: 869,428 841,640
Creditors: amounts falling due after more than one year:   (547,096) (602,804)
Total net assets (liabilities): 322,332 238,836
Capital and reserves
Called up share capital: 720 720
Profit and loss account: 321,612 238,116
Shareholders funds: 322,332 238,836

The notes form part of these financial statements

MGK PROPERTY LTD

Balance sheet statements

For the year ending 30 November 2022 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 16 August 2023
and signed on behalf of the board by:

Name: Gerard Catney
Status: Director

The notes form part of these financial statements

MGK PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

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

MGK PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

MGK PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 837,482
At 30 November 2022 837,482
Net book value
At 30 November 2022 837,482
At 30 November 2021 837,482

MGK PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Creditors: amounts falling due within one year note

£8,000 Bank Loan£19,586 Corporation Tax£3,013 Sundry Accruals