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Registration number: 14964131

Museum of Illusions Manchester Ltd

Filleted Financial Statements

for the Period from 27 June 2023 to 31 December 2023

 

Museum of Illusions Manchester Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Museum of Illusions Manchester Ltd

Company Information

Director

T Sirola

Registered office

58-66 Market Street
Manchester
M1 1PW

Auditors

Bourner Bullock Chartered Accountants
114 St Martin's Lane
Covent Garden
London
WC2N 4BE

 

Museum of Illusions Manchester Ltd

(Registration number: 14964131)
Balance Sheet as at 31 December 2023

Note

2023
£

Current assets

 

Debtors

6

10,000

Creditors: Amounts falling due within one year

7

(6,000)

Net assets

 

4,000

Capital and reserves

 

Called up share capital

8

10,000

Retained earnings

(6,000)

Shareholders' funds

 

4,000

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2025
 

.........................................
T Sirola
Director

 

Museum of Illusions Manchester Ltd

Notes to the Financial Statements for the Period from 27 June 2023 to 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
58-66 Market Street
Manchester
M1 1PW
United Kingdom

Principal activity

The principal activity of the Company is other amusement and recreation activities.

These financial statements were authorised for issue by the director on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The company has incorporated for the the 27 June 2023 and has decided to opt for a short period of accounts to the 31 December 2023 to be in line with the rest of the group companies. This means that the company has a short period for 2023.

Going concern

The financial statements have been prepared on a going concern basis.

 

Museum of Illusions Manchester Ltd

Notes to the Financial Statements for the Period from 27 June 2023 to 31 December 2023

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Museum of Illusions Manchester Ltd

Notes to the Financial Statements for the Period from 27 June 2023 to 31 December 2023

3

Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 27 January 2025 was David Wheeler, who signed for and on behalf of Bourner Bullock.

5

Staff numbers

The average number of persons employed by the Company (including the director) during the period, was 1.

6

Debtors

Current

2023
£

Other debtors

10,000

 

10,000

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

6,000

 

Museum of Illusions Manchester Ltd

Notes to the Financial Statements for the Period from 27 June 2023 to 31 December 2023

8

Share capital

Allotted, called up and not fully paid shares

2023

No.

£

Ordinary shares of £1 each

10,000

10,000

   

Rights, preferences and restrictions
Ordinary shares have the following rights, preferences and restrictions:
The shares have attached to them full voting, dividend and capital distribution (including on winding
up) rights; they do not confer any rights of redemption.

9

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Metamorfoza d.o.o., incorporated in Croatia.

The address of Metamorfoza d.o.o. is:
Radnička cesta 43, 10000, Zagreb, Croatia