Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-10-17Holding Company00truetrue 15216315 2023-10-16 15216315 2023-12-18 15216315 2023-10-17 2023-12-18 15216315 2022-10-17 2023-10-16 15216315 c:Director9 2023-10-17 2023-12-18 15216315 d:ShareCapital 2023-12-18 15216315 c:EntityHasNeverTraded 2023-10-17 2023-12-18 15216315 c:FRS102 2023-10-17 2023-12-18 15216315 c:AuditExempt-NoAccountantsReport 2023-10-17 2023-12-18 15216315 c:FullAccounts 2023-10-17 2023-12-18 15216315 c:PrivateLimitedCompanyLtd 2023-10-17 2023-12-18 15216315 6 2023-10-17 2023-12-18 15216315 e:PoundSterling 2023-10-17 2023-12-18 iso4217:GBP xbrli:pure
Registered number: 15216315













          Magma Partners Group Limited
          Unaudited
          Financial statements
          For the Period Ended 18 December 2023















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Magma Partners Group Limited
Registered number:15216315

Balance Sheet
As at 18 December 2023

2023
Note
£

Fixed assets
  

Investments
 3 
9,500,000

  

  

Net assets
  
9,500,000


Capital and reserves
  

Called up share capital 
  
9,500,000

  
9,500,000


For the period ended 18 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2024.




___________________________
M A Tuckwell
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
Magma Partners Group Limited
 
 
Notes to the Financial Statements
For the Period Ended 18 December 2023

1.


General information

Magma Partners Group Limited ('the company') is a private company limited by shares, incorporated in the United Kingdom in England and Wales under the Companies Act. The address of the registered office is given on the company information page. The nature of the company's operations and its principal activities is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
10,500,000


Disposals on demerger
(1,000,000)



At 18 December 2023
9,500,000




Page 2

 
Magma Partners Group Limited
 
 
Notes to the Financial Statements
For the Period Ended 18 December 2023

4.

Controlling Party

At 18 December 2023, the Directors considered there to be no ultimate controlling party.


Page 3