Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-010falsetrueDormant0true 08034803 2023-12-18 08034803 2023-04-01 2023-12-18 08034803 2022-04-01 2023-03-31 08034803 2023-03-31 08034803 c:Director1 2023-04-01 2023-12-18 08034803 d:ShareCapital 2023-12-18 08034803 d:ShareCapital 2023-03-31 08034803 c:EntityHasNeverTraded 2023-04-01 2023-12-18 08034803 c:FRS102 2023-04-01 2023-12-18 08034803 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-18 08034803 c:FullAccounts 2023-04-01 2023-12-18 08034803 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-18 08034803 e:PoundSterling 2023-04-01 2023-12-18 iso4217:GBP xbrli:pure
Registered number: 08034803













          Magma Corporate Finance Limited
          Unaudited
          Financial statements
          For the Period Ended 18 December 2023















           img58df.png

 
Magma Corporate Finance Limited
Registered number:08034803

Balance Sheet
As at 18 December 2023

18 December
31 March
2023
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 September 2024.




___________________________
S McMullan
Director

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

Page 1

 
Magma Corporate Finance Limited
 
 
Notes to the Financial Statements
For the Period Ended 18 December 2023

1.


General information

Magma Corporate Finance 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 dormant 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

 
2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 2

 
Magma Corporate Finance Limited
 
 
Notes to the Financial Statements
For the Period Ended 18 December 2023

4.


Cash and cash equivalents

18 December
31 March
2023
2023
£
£

Cash at bank and in hand
100
100

100
100



5.
Controlling Party

At 18 December 2023, the immediate parent undertaking is Magma Partners Holding Limited, a company incorporated in the United Kingdom and registered in England and Wales. Copies of the financial statements for Magma Partners Holding Limited can be obtained from its registered office, 2 Chamberlain Square, Paradise Circus, Birmingham, B3 3AX.
At 18 December 2023, the ultimate parent undertaking is Magma Partners Group Limited, a company incorporated in the United Kingdom and registered in England and Wales.
At 18 December 2023, the Directors considered there to be no ultimate controlling party.


Page 3