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REGISTERED NUMBER: 03611274 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAGUS PRIVATE WEALTH LIMITED

MAGUS PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)






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 PRIVATE WEALTH 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: 03611274 (England and Wales)





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

MAGUS PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,137 64,899

CURRENT ASSETS
Debtors 5 499,750 712,756
Cash at bank 727,664 415,621
1,227,414 1,128,377
CREDITORS
Amounts falling due within one year 6 857,716 691,831
NET CURRENT ASSETS 369,698 436,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,835

501,445

CREDITORS
Amounts falling due after more than one year 7 (103,940 ) (131,507 )

PROVISIONS FOR LIABILITIES (12,624 ) (13,393 )
NET ASSETS 310,271 356,545

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 300,271 346,545
SHAREHOLDERS' FUNDS 310,271 356,545

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 PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)

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

1. STATUTORY INFORMATION

Magus Private Wealth 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.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably:
- it is probable that the company will receive the consideration due under the contract:
- the stage of completion of the contract at the end of the reporting period can be measured reliably: and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MAGUS PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that resulted in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 32 ) .

MAGUS PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 19,047 204,166 223,213
Additions - 22,200 22,200
Disposals - (50,719 ) (50,719 )
At 31 March 2025 19,047 175,647 194,694
DEPRECIATION
At 1 April 2024 14,145 144,169 158,314
Charge for year 2,065 27,897 29,962
Eliminated on disposal - (50,719 ) (50,719 )
At 31 March 2025 16,210 121,347 137,557
NET BOOK VALUE
At 31 March 2025 2,837 54,300 57,137
At 31 March 2024 4,902 59,997 64,899

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 12,671 22,026
Amounts owed by group undertakings 45,000 3,754
Other debtors 338,139 548,146
395,810 573,926

Amounts falling due after more than one year:
Other debtors 103,940 138,830

Aggregate amounts 499,750 712,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 203,648 210,324
Taxation and social security 72,582 134,600
Other creditors 581,486 346,907
857,716 691,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 103,940 131,507

8. LEASING AGREEMENTS
At the balance sheet date the company had future operating lease commitments of £123,640 (2024: £229,586).

MAGUS PRIVATE WEALTH LIMITED (REGISTERED NUMBER: 03611274)

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

9. SECURED DEBTS

There is an outstanding debenture dated 1st July 2022 in favour of Vertus Capital SPV1 Ltd over the fixed and floating assets of the company.

10. CONTINGENT LIABILITIES

Included within other creditors due within one and after one year are deferred liabilities amounting to £374,724 (2024: £340,519). Payment for these liabilities is contingent upon the generation of future revenues.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the amount due to the company by the directors was £nil (2024: £52,006). Interest is charged on loan advances and there are no fixed terms for repayment.