Company Registration No. 02660847 (England and Wales)
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Unaudited accounts
for the year ended 31 December 2023
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Unaudited accounts
Contents
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Company Information
for the year ended 31 December 2023
Company Number
02660847 (England and Wales)
Registered Office
21H RANDOLPH CRESCENT
LONDON
W9 1DP
ENGLAND
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
1,026
2,303
Cash at bank and in hand
231,129
317,663
Creditors: amounts falling due within one year
(8,226)
(37,857)
Net current assets
242,938
350,916
Net assets
243,964
353,219
Called up share capital
276
276
Profit and loss account
243,688
352,943
Shareholders' funds
243,964
353,219
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2024 and were signed on its behalf by
Olga Selivanova
Director
Company Registration No. 02660847
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
MAGNUM HUNT EXECUTIVE SEARCH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02660847. The registered office is 21H RANDOLPH CRESCENT, LONDON, W9 1DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Other tangible fixed assets
3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating profit.
MAGNUM HUNT EXECUTIVE SEARCH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Amounts due from group undertakings etc.
608
608
Accrued income and prepayments
484
520
Other debtors
18,639
21,340
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(4,805)
21,928
Loans from directors
11,302
11,282
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Average number of employees
During the year the average number of employees was 2 (2022: 17).