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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
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MAGNUM HUNT EXECUTIVE SEARCH LIMITED Company Information for the year ended 31 December 2023
Director
Olga Selivanova
Company Number
02660847 (England and Wales)
Registered Office
21H RANDOLPH CRESCENT LONDON W9 1DP ENGLAND
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MAGNUM HUNT EXECUTIVE SEARCH LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,026 
2,303 
Current assets
Inventories
- 
359 
Debtors
20,035 
70,751 
Cash at bank and in hand
231,129 
317,663 
251,164 
388,773 
Creditors: amounts falling due within one year
(8,226)
(37,857)
Net current assets
242,938 
350,916 
Net assets
243,964 
353,219 
Capital and reserves
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
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MAGNUM HUNT EXECUTIVE SEARCH LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Foreign exchange
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.
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MAGNUM HUNT EXECUTIVE SEARCH LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
3,260 
Disposals
(949)
At 31 December 2023
2,311 
Depreciation
At 1 January 2023
957 
Charge for the year
50 
On disposals
278 
At 31 December 2023
1,285 
Net book value
At 31 December 2023
1,026 
At 31 December 2022
2,303 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
304 
48,283 
Amounts due from group undertakings etc.
608 
608 
Accrued income and prepayments
484 
520 
Other debtors
18,639 
21,340 
20,035 
70,751 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(207)
4,220 
Trade creditors
201 
427 
Taxes and social security
(4,805)
21,928 
Other creditors
1,735 
- 
Loans from directors
11,302 
11,282 
8,226 
37,857 
7
Average number of employees
During the year the average number of employees was 2 (2022: 17).
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