REGISTERED NUMBER: |
MAGIC STRAND INTERNATIONAL LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
REGISTERED NUMBER: |
MAGIC STRAND INTERNATIONAL LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
MAGIC STRAND INTERNATIONAL LIMITED (REGISTERED NUMBER: 15468260) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MAGIC STRAND INTERNATIONAL LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
MAGIC STRAND INTERNATIONAL LIMITED (REGISTERED NUMBER: 15468260) |
BALANCE SHEET |
31 DECEMBER 2024 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
MAGIC STRAND INTERNATIONAL LIMITED (REGISTERED NUMBER: 15468260) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Magic Strand International Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Magic Strand International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. |
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
MAGIC STRAND INTERNATIONAL LIMITED (REGISTERED NUMBER: 15468260) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5 FEBRUARY 2024 TO 31 DECEMBER 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |