Mgm Hotels Limited in Dunstable, LU5 4RT

Description

Data updated on: 01-11-2023

Mgm Hotels started conducting its operations in 2004 as a Private Limited Company under the following Company Registration No.: 05055746. This particular firm has been active for twenty years and the present status is active. This company's office is situated in Dunstable at Old Palace Lodge Hotel. Anyone could also find this business utilizing its post code of LU5 4RT. The enterprise's SIC code is 55100 which stands for Hotels and similar accommodation. Its most recent annual accounts cover the period up to 2022/12/31 and the latest confirmation statement was filed on 2023/02/20.

According to the latest update, there is only a single managing director in the company: Martyn M. (since 2005/07/20). The following company had been guided by Patrick M. until sixteen years ago. In addition a different director, specifically Michael M. gave up the position fifteen years ago. In order to find professional help with legal documentation, this company has been utilizing the expertise of Martyn M. as a secretary for the last sixteen years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	-36 996	24 371	368 669	535 466	738 287

Balance Sheet
Cash Bank On Hand					122 596	300 879	44 747	50 919	197 850	289 200	666 905	478 106
Current Assets	677 193	508 034	295 879	275 698	294 111	529 264	110 936	122 408	315 019	330 966	754 673	543 868
Debtors	100 401	96 589	74 042	61 110	156 454	214 551	49 734	58 326	95 843	41 766	83 868	48 525
Net Assets Liabilities						970 100	1 069 016	1 246 794	1 515 987	1 316 069	1 432 330	1 565 693
Other Debtors					99 546	163 908	14 909	19 000	26 162	15 250	45 182	16 772
Property Plant Equipment					2 628 307	2 857 368	4 306 360	5 055 163	5 121 779	5 018 821	4 885 227	4 854 171
Total Inventories					15 061	13 834	16 455	13 165	21 326		3 900	17 237
Cash Bank In Hand	92 905	65 929	213 114	170 758	122 596
Stocks Inventory	483 887	345 516	8 723	43 830	15 061
Tangible Fixed Assets	2 739 527	2 740 344	2 670 216	2 630 623	2 628 307

Capital & Reserves
Called Up Share Capital	50 000	50 000	50 000	50 000	50 000
Profit Loss Account Reserve	-86 996	-25 629	318 669	485 466	688 287
Shareholder Funds	-36 996	24 371	368 669	535 466	738 287

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					1 141 886	1 190 033	1 275 982	1 354 416	1 509 657	1 655 450	1 789 044	1 869 280
Average Number Employees During Period								48	48	44	48	48
Bank Borrowings						1 959 037	2 508 013	3 127 008	2 942 301	3 598 449
Bank Borrowings Overdrafts					1 659 683	1 806 635	2 313 031	2 810 224	2 754 279	2 618 760	2 704 690	2 622 146
Corporation Tax Payable					65 601	65 381		42 278	59 341		59 369	47 994
Corporation Tax Recoverable										19 220
Creditors						1 806 635	2 313 031	2 810 224	2 754 279	3 312 613	3 302 952	3 131 056
Dividends Paid					28 000	28 500
Increase From Depreciation Charge For Year Property Plant Equipment						48 147	85 949	95 746	137 929	145 793	133 594	80 236
Net Current Assets Liabilities	-440 694	-564 100	-304 580	-242 696	-230 336	-80 633	-905 362	-848 589	-804 855	-359 081	-140 354	-150 821
Number Shares Issued Fully Paid							50 000
Other Creditors					61 216	609 897	480 077	401 235	523 274	693 853	598 262	508 910
Other Increase Decrease In Depreciation Impairment Property Plant Equipment								-17 312
Other Taxation Social Security Payable					73 931	21 651	9 279	43 492	98 042		59 435	111 679
Par Value Share		1	1	1	1		1
Profit Loss					230 821	260 313
Property Plant Equipment Gross Cost					3 770 195	4 047 401	5 582 342	6 426 892	6 631 436	6 674 271	6 674 271	6 723 451
Provisions For Liabilities Balance Sheet Subtotal							18 951	17 801	46 658	31 058	9 591	6 601
Total Additions Including From Business Combinations Property Plant Equipment						277 206	1 534 941	827 237	204 544	42 835		49 180
Total Assets Less Current Liabilities	2 298 833	2 176 244	2 365 636	2 387 927	2 397 971	2 776 735	3 400 998	4 074 819	4 316 924	4 659 740	4 729 873	4 703 350
Total Borrowings						1 806 635	2 313 031	2 810 224	2 754 279	3 598 449	3 633 994	3 312 788
Trade Creditors Trade Payables					166 226	282 288	331 960	298 964	251 195	161 286	207 967	181 982
Trade Debtors Trade Receivables					56 907	50 643	34 825	39 326	69 681	1 221	31 850	27 253
Creditors Due After One Year	2 329 564	2 151 872	1 996 967	1 852 461	1 659 684
Creditors Due Within One Year	1 117 887	1 072 134	600 459	518 394	524 447
Number Shares Allotted		50 000	50 000	50 000	50 000
Provisions For Liabilities Charges	6 265
Share Capital Allotted Called Up Paid	50 000	50 000	50 000	50 000	50 000