MG HOME FINANCE LIMITED Accounts filed on 31-03-2014

MG HOME FINANCE LIMITED Accounts filed on 31-03-2014

MG HOME FINANCE LIMITED - Company Information

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MG HOME FINANCE LIMITED




Company Registration Number:
05761500 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

MG HOME FINANCE LIMITED

Company Information
for the Period Ended 31st March 2014




Director: Mark Garratt
Registered office: 10 Alice Gardens
Leicester
Leicestershire
LE8 6WH
Company Registration Number: 05761500 (England and Wales)

MG HOME FINANCE LIMITED

Abbreviated Balance sheet
As at 31st March 2014

Notes 2014
£		 2013
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 475 517
Total fixed assets: 475 517
Current assets
Stocks: 0 0
Debtors: 0 0
Cash at bank and in hand: 702 201
Total current assets: 702 201
Creditors
Creditors: amounts falling due within one year 19,978 12,435
Net current assets (liabilities): ( 19,276 ) ( 12,234 )
Total assets less current liabilities: ( 18,801 ) ( 11,717 )
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 18,801 ) ( 11,717 )

The notes form part of these financial statements

MG HOME FINANCE LIMITED

Abbreviated Balance sheet
As at 31st March 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 3 1 1
Revaluation reserve: ( 1 ) ( 1 )
Profit and Loss account: ( 18,801 ) ( 11,717 )
Total shareholders funds: ( 18,801 ) ( 11,717 )

For the year ending 31 March 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 30 October 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mark Garratt
Status: Director

The notes form part of these financial statements

MG HOME FINANCE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment: 6% annual written down value.

    Other accounting policies

    Fixed Assets: All fixed assets are initially recorded at cost.

MG HOME FINANCE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 2. Tangible assets

    Total
    Cost £
    At 01st April 2013: 517
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    At 31st March 2014: 517
    Depreciation
    At 01st April 2013: 0
    Charge for year: 42
    On disposals: 0
    Other adjustments 0
    At 31st March 2014: 42
    Net book value
    At 31st March 2014: 475
    At 31st March 2013: 517

MG HOME FINANCE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Preference shares: 0 0.00
    0.00
    		0
    Total share capital: 1
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Preference shares: 0 0.00
    0.00
    		0
    Total share capital: 1

    The Director who has served the company during the year together with his beneficial interests in the share of the company were as follows: Ordinary Share of £1 each at 31 March 2014 - Mr M Garratt = 1

MG HOME FINANCE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 5. Related party disclosures

    Name of the ultimate controlling party during the period: Mark Garratt

    No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.