MCHARMAGIC LTD

Company Registration Number:
14474168 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 09 November 2022

End date: 30 November 2023

MCHARMAGIC LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

MCHARMAGIC LTD

Balance sheet

As at 30 November 2023


Notes

13 months to 30 November 2023


£
Called up share capital not paid: 1
Fixed assets
Intangible assets: 3 183,554
Tangible assets: 4 2,290,883
Investments: 5 1,174,000
Total fixed assets: 3,648,437
Current assets
Stocks: 13,792
Debtors:   13,685
Cash at bank and in hand: 71,160
Investments:   252,280
Total current assets: 350,917
Creditors: amounts falling due within one year:   (98,625)
Net current assets (liabilities): 252,292
Total assets less current liabilities: 3,900,730
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): 3,900,730
Capital and reserves
Called up share capital: 2,677,758
Share premium account: 0
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: 1,222,972
Shareholders funds: 3,900,730

The notes form part of these financial statements

MCHARMAGIC LTD

Balance sheet statements

For the year ending 30 November 2023 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 08 March 2024
and signed on behalf of the board by:

Name: Isaack maciharia
Status: Director

The notes form part of these financial statements

MCHARMAGIC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MCHARMAGIC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

13 months to 30 November 2023
Average number of employees during the period 39

MCHARMAGIC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible Assets

Total
Cost £
Additions 281,684
Disposals 0
Revaluations 183,554
Transfers 0
At 30 November 2023 465,238
Amortisation
Charge for year 281,684
On disposals 0
Other adjustments 0
At 30 November 2023 281,684
Net book value
At 30 November 2023 183,554

MCHARMAGIC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
Additions 4,471,999
Disposals 0
Revaluations 0
Transfers 2,290,883
At 30 November 2023 6,762,882
Depreciation
Charge for year 0
Other adjustments 4,471,999
At 30 November 2023 4,471,999
Net book value
At 30 November 2023 2,290,883

MCHARMAGIC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Fixed investments

Assets investment during covid period allows for substantial growth and valuation. Diversity of assets into liquidity is goal for further investment into projects to grow clients book