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MAGICAVE HOLDINGS LIMITED

Registered Number
13656896
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

MAGICAVE HOLDINGS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

CURRAN, Stephen James
HOLMWOOD, Stephen David
THORLEY, Edward Joseph

Registered Address

167-169 Great Portland Street
London
W1W 5PF

Registered Number

13656896 (England and Wales)
MAGICAVE HOLDINGS LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,8275,886
3,8275,886
Current assets
Debtors198,314185,491
Cash at bank and on hand3,125,0013,848,049
3,323,3154,033,540
Creditors amounts falling due within one year(40,233)(37,599)
Net current assets (liabilities)3,283,0823,995,941
Total assets less current liabilities3,286,9094,001,827
Net assets3,286,9094,001,827
Capital and reserves
Called up share capital5,271,6375,270,111
Profit and loss account(1,984,728)(1,268,284)
Shareholders' funds3,286,9094,001,827
The financial statements were approved and authorised for issue by the Board of Directors on 19 January 2025, and are signed on its behalf by:
HOLMWOOD, Stephen David
Director
Registered Company No. 13656896
MAGICAVE HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery2
2.Average number of employees

20242023
Average number of employees during the year1414
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2314,522
Additions4,119
Disposals(12,272)
At 31 October 246,369
Depreciation and impairment
At 01 November 238,636
Charge for year5,853
On disposals(11,947)
At 31 October 242,542
Net book value
At 31 October 243,827
At 31 October 235,886