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Company Registration No. 02660847 (England and Wales)
MAGNUM HUNT EXECUTIVE SEARCH LIMITED Unaudited accounts for the year ended 31 December 2024
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 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,026 
Current assets
Debtors
161 
20,242 
Cash at bank and in hand
48,935 
231,129 
49,096 
251,371 
Creditors: amounts falling due within one year
(15,308)
(8,433)
Net current assets
33,788 
242,938 
Net assets
33,788 
243,964 
Capital and reserves
Called up share capital
276 
276 
Profit and loss account
33,512 
243,688 
Shareholders' funds
33,788 
243,964 
For the year ending 31 December 2024 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 16 April 2025 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 2024
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 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,311 
Disposals
(2,311)
At 31 December 2024
- 
Depreciation
At 1 January 2024
1,285 
Charge for the year
(1,285)
At 31 December 2024
- 
Net book value
At 31 December 2024
- 
At 31 December 2023
1,026 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
161 
207 
Trade debtors
- 
304 
Amounts due from group undertakings etc.
- 
608 
Accrued income and prepayments
- 
484 
Other debtors
- 
18,639 
161 
20,242 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
206 
201 
Taxes and social security
600 
(4,805)
Other creditors
- 
225 
Loans from directors
14,502 
12,812 
15,308 
8,433 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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