IRIS Accounts Production v25.1.4.42 06978929 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069789292024-03-31069789292025-03-31069789292024-04-012025-03-31069789292023-03-31069789292023-04-012024-03-31069789292024-03-3106978929ns15:EnglandWales2024-04-012025-03-3106978929ns14:PoundSterling2024-04-012025-03-3106978929ns10:Director12024-04-012025-03-3106978929ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106978929ns10:SmallEntities2024-04-012025-03-3106978929ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3106978929ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106978929ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106978929ns10:FullAccounts2024-04-012025-03-3106978929ns10:Director22024-04-012025-03-3106978929ns10:Director32024-04-012025-03-3106978929ns10:Director42024-04-012025-03-3106978929ns10:Director52024-04-012025-03-3106978929ns10:Director62024-04-012025-03-3106978929ns10:Director72024-04-012025-03-3106978929ns10:RegisteredOffice2024-04-012025-03-3106978929ns5:CurrentFinancialInstruments2025-03-3106978929ns5:CurrentFinancialInstruments2024-03-3106978929ns5:Non-currentFinancialInstruments2025-03-3106978929ns5:Non-currentFinancialInstruments2024-03-3106978929ns5:ShareCapital2025-03-3106978929ns5:ShareCapital2024-03-3106978929ns5:RetainedEarningsAccumulatedLosses2025-03-3106978929ns5:RetainedEarningsAccumulatedLosses2024-03-3106978929ns5:CostValuation2024-03-3106978929ns5:Secured2025-03-3106978929ns5:Secured2024-03-31
REGISTERED NUMBER: 06978929 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAGUS GROUP LIMITED

MAGUS GROUP LIMITED (REGISTERED NUMBER: 06978929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAGUS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr M C M Aitken
Mr D P Peters
Mrs A Winton
Mrs A J Mayes
Mr I Campbell
Mr A M Dines
Mrs V Venerus





REGISTERED OFFICE: Endeavour House
Crawley Business Quarter
Manor Royal
Crawley
RH10 9LW





REGISTERED NUMBER: 06978929 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

MAGUS GROUP LIMITED (REGISTERED NUMBER: 06978929)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,975,623 1,975,623

CURRENT ASSETS
Cash at bank 29 127

CREDITORS
Amounts falling due within one year 5 262,064 323,784
NET CURRENT LIABILITIES (262,035 ) (323,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,713,588

1,651,966

CREDITORS
Amounts falling due after more than one year 6 905,434 1,105,577
NET ASSETS 808,154 546,389

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 807,954 546,189
SHAREHOLDERS' FUNDS 808,154 546,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





Mr D P Peters - Director


MAGUS GROUP LIMITED (REGISTERED NUMBER: 06978929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Magus Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Magus Group 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cast at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income and under administrative expenses.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

MAGUS GROUP LIMITED (REGISTERED NUMBER: 06978929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 1,975,623
NET BOOK VALUE
At 31 March 2025 1,975,623
At 31 March 2024 1,975,623

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings 200 200
Other creditors 261,864 323,584
262,064 323,784

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 905,434 1,105,577

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans 1,167,298 1,429,161

There are two outstanding debentures dated 1st July 2022 in favour of Vertus Capital SPV1 Ltd over the fixed and floating assets of the company and its subsidiaries.