Acorah Software Products - Accounts Production 16.3.350 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10148890 Mr Asif Ibrahim Bux Mrs Rubina Asif Bux iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10148890 2023-04-30 10148890 2024-04-30 10148890 2023-05-01 2024-04-30 10148890 frs-core:CurrentFinancialInstruments 2024-04-30 10148890 frs-core:Non-currentFinancialInstruments 2024-04-30 10148890 frs-core:ShareCapital 2024-04-30 10148890 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10148890 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10148890 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10148890 frs-bus:SmallEntities 2023-05-01 2024-04-30 10148890 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10148890 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10148890 frs-core:UnlistedNon-exchangeTraded 2024-04-30 10148890 frs-core:UnlistedNon-exchangeTraded 2023-04-30 10148890 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 10148890 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 10148890 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 10148890 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 10148890 frs-bus:Director1 2023-05-01 2024-04-30 10148890 frs-bus:Director2 2023-05-01 2024-04-30 10148890 frs-countries:EnglandWales 2023-05-01 2024-04-30 10148890 2022-04-30 10148890 2023-04-30 10148890 2022-05-01 2023-04-30 10148890 frs-core:CurrentFinancialInstruments 2023-04-30 10148890 frs-core:Non-currentFinancialInstruments 2023-04-30 10148890 frs-core:ShareCapital 2023-04-30 10148890 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10148890
Magnifique Hospitality Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10148890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,095 1,095
1,095 1,095
CURRENT ASSETS
Debtors 5 8,083,244 7,989,023
Cash at bank and in hand 12,740 9,382
8,095,984 7,998,405
Creditors: Amounts Falling Due Within One Year 6 (456,054 ) (611,297 )
NET CURRENT ASSETS (LIABILITIES) 7,639,930 7,387,108
TOTAL ASSETS LESS CURRENT LIABILITIES 7,641,025 7,388,203
Creditors: Amounts Falling Due After More Than One Year 7 (8,049,245 ) (7,694,008 )
NET LIABILITIES (408,220 ) (305,805 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (408,320 ) (305,905 )
SHAREHOLDERS' FUNDS (408,220) (305,805)
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Asif Ibrahim Bux
Director
28 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Magnifique Hospitality Limited Registered number 10148890 is a limited by shares company incorporated in England & Wales. The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Group Accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption by S399 of the Companies Act 2006 not to prepare group accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Investments
Unlisted
£
Cost
As at 1 May 2023 1,095
As at 30 April 2024 1,095
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 1,095
As at 1 May 2023 1,095
Investments comprise:
50% of the issued share capital of Opulence Group Limited, 50% of the issued share capital of HVM Homes (Land and Property) Limited, 
40% of the issued share capital of Haute World Group Limited, 40% of the issued share capital of HD Coliseum Limited,60% of the issued share capital of Goto Clothing Limited,30% of the issued share capital of Gourmet Empire Group Limited, 30% of the issued share capital of HVM Group of Companies Limited,75% of the issued share capital of Pacific Brands Limited, 100% of the issued share capital of Nordic Seed Design Limited,100% of the issued share capital of VJI UK Limited, 100% of the issued share capital of Global Collective Investments Limited, 75% of the issued share capital of Amicci Fashion Limited, and 75% of the issued share capital of MC Fashion Limited, companies registered in England & Wales.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,000 87,000
Other debtors 3,176,379 3,157,165
Amounts owed by group undertakings 224,955 224,955
3,488,334 3,469,120
Due after more than one year
Other debtors 4,256,076 3,975,730
Amounts owed by group undertakings 338,834 544,173
4,594,910 4,519,903
8,083,244 7,989,023
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,518 2,210
Other creditors 63,890 75,518
Amounts owed to group undertakings 390,646 533,569
456,054 611,297
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 7,926,988 7,614,360
Amounts owed to group undertakings 122,257 79,648
8,049,245 7,694,008
Page 5