Acorah Software Products - Accounts Production 16.3.350 false true true false 25 September 2023 30 September 2024 30 September 2024 15162847 Mr Christopher Bracewell Mr Michal Zywiecki iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15162847 2023-09-24 15162847 2024-09-30 15162847 2023-09-25 2024-09-30 15162847 frs-core:ShareCapital 2024-09-30 15162847 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 15162847 frs-bus:PrivateLimitedCompanyLtd 2023-09-25 2024-09-30 15162847 frs-bus:FilletedAccounts 2023-09-25 2024-09-30 15162847 frs-bus:SmallEntities 2023-09-25 2024-09-30 15162847 frs-bus:AuditExempt-NoAccountantsReport 2023-09-25 2024-09-30 15162847 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-25 2024-09-30 15162847 frs-bus:Director1 2023-09-25 2024-09-30 15162847 frs-bus:Director2 2023-09-25 2024-09-30 15162847 frs-countries:EnglandWales 2023-09-25 2024-09-30
Registered number: 15162847
Magnus Resources Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 15162847
2024
Notes £ £
CURRENT ASSETS
Debtors 4 48
Cash at bank and in hand 621
669
Creditors: Amounts Falling Due Within One Year 5 (1,712 )
NET CURRENT ASSETS (LIABILITIES) (1,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,043 )
NET LIABILITIES (1,043 )
CAPITAL AND RESERVES
Called up share capital 6 200
Profit and Loss Account (1,243 )
SHAREHOLDERS' FUNDS (1,043)
For the year ending 30 September 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 Christopher Bracewell
Director
23 May 2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Magnus Resources Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15162847 . The registered office is Gillscott Farm, Coldridge, Crediton, EX17 6BE.
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 directors have 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. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.4. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Debtors
2024
£
Due within one year
Other debtors 48
5. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 1,712
6. Share Capital
2024
£
Allotted, Called up and fully paid 200
7. Related Party Transactions
At the year end, 30 September 2024, the company owed the directors £1,472 in respect of loans held with the company. These amounts are interest free and repayable on demand.
Page 2