Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312truefalse2024-01-01No description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03852069 2024-01-01 2024-12-31 03852069 2023-01-01 2023-12-31 03852069 2024-12-31 03852069 2023-12-31 03852069 c:CompanySecretary1 2024-01-01 2024-12-31 03852069 c:Director1 2024-01-01 2024-12-31 03852069 c:Director2 2024-01-01 2024-12-31 03852069 c:RegisteredOffice 2024-01-01 2024-12-31 03852069 d:CurrentFinancialInstruments 2024-12-31 03852069 d:CurrentFinancialInstruments 2023-12-31 03852069 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03852069 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03852069 d:ShareCapital 2024-12-31 03852069 d:ShareCapital 2023-12-31 03852069 d:SharePremium 2024-12-31 03852069 d:SharePremium 2023-12-31 03852069 d:RetainedEarningsAccumulatedLosses 2024-12-31 03852069 d:RetainedEarningsAccumulatedLosses 2023-12-31 03852069 c:FRS102 2024-01-01 2024-12-31 03852069 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03852069 c:FullAccounts 2024-01-01 2024-12-31 03852069 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03852069 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 03852069







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


MAAGAR UK LIMITED






































img10c7.png                        

 


MAAGAR UK LIMITED
 


 
COMPANY INFORMATION


Directors
A Asher 
R A Stuart 




Company secretary
Y Asher



Registered number
03852069



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


MAAGAR UK LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3


 


MAAGAR UK LIMITED
REGISTERED NUMBER:03852069



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
223,073
552,044

Debtors
 4 
78,581
73,854

Cash at bank and in hand
  
200,179
1,841,841

  
501,833
2,467,739

Creditors: amounts falling due within one year
 5 
(27,273)
(12,673)

Net current assets
  
 
 
474,560
 
 
2,455,066

Total assets less current liabilities
  
474,560
2,455,066

  

Net assets
  
474,560
2,455,066


Capital and reserves
  

Called up share capital 
  
500
500

Share premium account
  
49,500
49,500

Profit and loss account
  
424,560
2,405,066

  
474,560
2,455,066


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A Asher
Director
Date: 20 August 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


MAAGAR UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Maagar UK Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office is given in the company information page of these financial statements. There is no principal place of business. The company's principal activity is the trading of equine stock.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

Turnover 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. Turnover is generated by enquine stocks and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

  
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value.

  
2.4

Foreign currency translation

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'overheads'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 


MAAGAR UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£



Trade debtors
-
87

Other debtors
77,416
72,912

Prepayments and accrued income
1,165
855

78,581
73,854



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
14,450
-

Other creditors
8,873
8,873

Accruals and deferred income
3,950
3,800

27,273
12,673


 
Page 3