IRIS Accounts Production v24.2.0.383 05030287 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050302872023-01-31050302872024-01-31050302872023-02-012024-01-31050302872022-01-31050302872022-02-012023-01-31050302872023-01-3105030287ns15:EnglandWales2023-02-012024-01-3105030287ns14:PoundSterling2023-02-012024-01-3105030287ns10:Director12023-02-012024-01-3105030287ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105030287ns10:SmallEntities2023-02-012024-01-3105030287ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3105030287ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105030287ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105030287ns10:FullAccounts2023-02-012024-01-3105030287ns10:CompanySecretary12023-02-012024-01-3105030287ns10:RegisteredOffice2023-02-012024-01-3105030287ns5:CurrentFinancialInstruments2024-01-3105030287ns5:CurrentFinancialInstruments2023-01-3105030287ns5:ShareCapital2024-01-3105030287ns5:ShareCapital2023-01-3105030287ns5:RetainedEarningsAccumulatedLosses2024-01-3105030287ns5:RetainedEarningsAccumulatedLosses2023-01-3105030287ns5:ComputerEquipment2023-02-012024-01-3105030287ns5:ComputerEquipment2023-01-3105030287ns5:ComputerEquipment2024-01-3105030287ns5:ComputerEquipment2023-01-3105030287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105030287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31050302871ns10:Director12023-01-31050302871ns10:Director12022-01-31050302871ns10:Director12023-02-012024-01-31050302871ns10:Director12022-02-012023-01-31050302871ns10:Director12024-01-31050302871ns10:Director12023-01-31
REGISTERED NUMBER: 05030287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Majestic Ventures (UK) Limited

Majestic Ventures (UK) Limited (Registered number: 05030287)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Majestic Ventures (UK) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M Cunningham





SECRETARY: Mrs Y V Cunningham





REGISTERED OFFICE: 39 Broad Landing
South Shields
Tyne and Wear
NE33 1JL





REGISTERED NUMBER: 05030287 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Majestic Ventures (UK) Limited (Registered number: 05030287)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 684 481

CURRENT ASSETS
Debtors 5 80 273
Cash at bank 92,025 98,955
92,105 99,228
CREDITORS
Amounts falling due within one year 6 1,072 4,535
NET CURRENT ASSETS 91,033 94,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,717

95,174

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 91,716 95,173
SHAREHOLDERS' FUNDS 91,717 95,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Majestic Ventures (UK) Limited (Registered number: 05030287)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr M Cunningham - Director


Majestic Ventures (UK) Limited (Registered number: 05030287)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Majestic Ventures (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Majestic Ventures (UK) Limited (Registered number: 05030287)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 February 2023 6,737
Additions 374
At 31 January 2024 7,111
DEPRECIATION
At 1 February 2023 6,256
Charge for year 171
At 31 January 2024 6,427
NET BOOK VALUE
At 31 January 2024 684
At 31 January 2023 481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Other debtors - 126
Directors' loan accounts 80 -
VAT - 147
80 273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Tax 228 4,045
VAT 225 -
Accruals and deferred income 619 490
1,072 4,535

Majestic Ventures (UK) Limited (Registered number: 05030287)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£ £
Mr M Cunningham
Balance outstanding at start of year - (16,687 )
Amounts advanced 33,915 50,400
Amounts repaid (33,835 ) (33,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80 -

Majestic Ventures (UK) Limited

Report of the Accountants to the Director of
Majestic Ventures (UK) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


28 August 2024