Company registration number 14486604 (England and Wales)
THE MAGUIRE 4 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE MAGUIRE 4 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE MAGUIRE 4 LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
3,540
3,285
Cash at bank and in hand
34,264
28,284
37,804
31,569
Creditors: amounts falling due within one year
4
(15,295)
(13,426)
Net current assets
22,509
18,143
Capital and reserves
Called up share capital
5
20
20
Profit and loss reserves
22,489
18,123
Total equity
22,509
18,143

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on
02 April 2025
02 April 2025
and are signed on its behalf by:
Dr A Maguire
Director
Company registration number 14486604 (England and Wales)
THE MAGUIRE 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

The Maguire 4 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Baronswood, Gosforth, Newcastle upon Tyne, NE3 3UB.

1.1
Reporting period

The company was incorporated on 15 November 2022 and prepared a 54 week set of accounts running to 30 November 2023. The current period is a 52 week set of accounts running to 30 November 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents amounts receivable for services. Turnover is attributable to the continuing principal activity of the company and arose wholly within the United Kingdom.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

THE MAGUIRE 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,466
3,285
Prepayments and accrued income
74
-
0
3,540
3,285
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
9,854
10,815
Other creditors
3,281
451
Accruals and deferred income
2,160
2,160
15,295
13,426
5
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
10 Ordinary A shares of £1 each
10
10
10 Ordinary B shares of £1 each
10
10
20
20
THE MAGUIRE 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
6
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Directors
3,281
451

There are no set terms as to repayment of this balance and no interest accruing thereon.

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