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REGISTERED NUMBER: 08507184 (England and Wales)















Director's Report and

Unaudited Financial Statements for the Year Ended 31st December 2023

for

Magical Numbers UK Limited

Magical Numbers UK Limited (Registered number: 08507184)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Director's Report 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 5


Magical Numbers UK Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: Mr P C Merritt





REGISTERED OFFICE: 71 Queen Victoria Street
London
United Kingdom
EC4V 4BE





REGISTERED NUMBER: 08507184 (England and Wales)






Magical Numbers UK Limited (Registered number: 08507184)

Director's Report
for the year ended 31st December 2023

The director presents his report with the financial statements of the company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investment holding.

DIRECTOR
Mr P C Merritt held office during the whole of the period from 1st January 2023 to the date of this report.

GOING CONCERN
The financial statements have been prepared on the going concern basis even though the company has net liabilities, as financial support has been provided by the ultimate parent company, Magical Numbers Limited, and they have confirmed that this support will be available for at least twelve months from the date of approval of the financial statements.

Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

APPROVED AND SIGNED ON BEHALF OF THE BOARD:





Mr P C Merritt - Director


19th September 2024

Magical Numbers UK Limited (Registered number: 08507184)

Statement of Income and
Retained Earnings
for the year ended 31st December 2023

2023 2022
£    £   

TURNOVER - -

Administrative expenses (5,197 ) (9,950 )
OPERATING LOSS (5,197 ) (9,950 )

Interest receivable and similar income 9 453
(5,188 ) (9,497 )

Interest payable and similar expenses (254,975 ) (132,203 )
LOSS BEFORE TAXATION (260,163 ) (141,700 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (260,163 ) (141,700 )

Retained earnings at beginning of year (397,917 ) (256,217 )

RETAINED EARNINGS AT END OF
YEAR

(658,080

)

(397,917

)

Magical Numbers UK Limited (Registered number: 08507184)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 3,126,198 3,126,198

CURRENT ASSETS
Debtors 5 278 23,420
Cash at bank 25 906
303 24,326
CREDITORS
Amounts falling due within one year 6 (3,784,580 ) (3,548,440 )
NET CURRENT LIABILITIES (3,784,277 ) (3,524,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(658,079

)

(397,916

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (658,080 ) (397,917 )
SHAREHOLDERS' FUNDS (658,079 ) (397,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

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

The financial statements were approved by the director and authorised for issue on 19th September 2024 and were signed by:





Mr P C Merritt - Director


Magical Numbers UK Limited (Registered number: 08507184)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Magical Numbers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on the going concern basis even though the company has net liabilities, as financial support has been provided by the ultimate parent company, Magical Numbers Limited, and they have confirmed that this support will be available for at least twelve months from the date of approval of the financial statements.

Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Magical Numbers UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets
Financial assets including trade debtors, are initially recognised at transaction cost which is considered to be fair value and subsequently held at amortised cost. At each statement of financial position date, the company assesses whether there is objective evidence that a financial asset has become impaired. Impairment losses are recorded as charges in the income statement and the carrying amount of the financial asset is reduced by establishing an impairment loss provision. Impairment loss provisions are maintained at the level that management deems sufficient to absorb incurred losses. Financial assets are subsequently carried at transaction cost less provision for impairment.

Financial liabilities
Financial liabilities are presented as such in the statement of financial position. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Dividends and distributions relating to equity instruments are debited directly to equity.

Magical Numbers UK Limited (Registered number: 08507184)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 3,126,198
NET BOOK VALUE
At 31st December 2023 3,126,198
At 31st December 2022 3,126,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 278 23,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,600
Amounts owed to group undertakings 3,642,997 3,439,361
Taxation and social security 117,838 101,879
Other creditors 23,745 3,600
3,784,580 3,548,440

7. ULTIMATE CONTROLLING PARTY

The controlling party is Ms L F Strawson.

The company's immediate and ultimate parent company is Magical Numbers Limited (incorporated in Guernsey).

Consolidated financial statements are not prepared as the group qualifies for the small group exemption from
preparing group accounts.

The registered office is located at:
PO Box 141,
La Tonnelle House,
Les Banques,
St Sampson,
Guernsey,
GY1 3HS