MJG Capital Limited - Period Ending 2017-03-31
MJG Capital Limited - Period Ending 2017-03-31
Registration number:
MJG Capital Limited
for the Year Ended 31 March 2017
MJG Capital Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
MJG Capital Limited
(Registration number: 08053360)
Balance Sheet as at 31 March 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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- |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
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Page 1 |
MJG Capital Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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General information |
The company is a private company limited by share capital incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Investments
Investments which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Investments |
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2017 |
2016 |
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Loan (reclassified to debtors) |
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Debtors |
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2017 |
2016 |
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Other debtors |
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- |
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Total current trade and other debtors |
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- |
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Page 2 |
MJG Capital Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Amounts owed to directors |
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Other creditors |
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Page 3 |