ACCOUNTS - Final Accounts preparation

Company registration number: 00647844

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MAGIC GRIP


MAGIC GRIP

COMPANY INFORMATION

Directors	R C Banks
	J P Davis


Company secretary	R C Banks


Registered number	00647844


Registered office	HB42 House
	Unit 9, Maple Grove Business Centre
	Lawrence Road
	Hounslow
	Middlesex
	TW4 6DR


MAGIC GRIP

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 4


MAGIC GRIP REGISTERED NUMBER:00647844

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	3		13,523		13,523
			13,523		13,523
Current assets
Debtors: amounts falling due within one year	4	27,164		27,164
		27,164		27,164
Total assets less current liabilities			40,687		40,687
Creditors: amounts falling due after more than one year	5		(4,347)		(4,347)

Net assets			36,340		36,340

Capital and reserves
Called up share capital	36,340	36,340
	36,340	36,340

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 income statement 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:

................................................

R C Banks

Director

Date: 17 September 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 1


MAGIC GRIP REGISTERED NUMBER:00647844

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

Page 2


MAGIC GRIP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Magic Grip is a private unlimited company, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The Company's principal place of business and registered office address is disclosed on the Company Information page.
The Company was dormant (within the meaning of section 480 of the Companies Act 2006) throughout the year ended 31 December 2024. The Company has not traded during the period or during the preceding financial period. During these periods, the Company received no income and incurred no expenditure and therefore made neither profit nor loss.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

3.	Fixed asset investments
	Shares at cost in group undertaking

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	13,523
	At 31 December 2024	13,523

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	27,164	27,164
	27,164	27,164

Page 3


MAGIC GRIP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Amounts owed to group undertakings	4,347	4,347
	4,347	4,347

Page 4