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Company Registration No. 08846620 (England and Wales)
MCGARRY ENTERTAINMENT LIMITED Unaudited accounts for the year ended 31 December 2024
MCGARRY ENTERTAINMENT LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MCGARRY ENTERTAINMENT LIMITED Company Information for the year ended 31 December 2024
Directors
Cathleen McGarry MISARO Ltd
Company Number
08846620 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Braant Ltd 20 to 22 Wenlock Road London N1 7GU
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MCGARRY ENTERTAINMENT LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1 
38,237 
Tangible assets
5
11,279 
15,754 
11,280 
53,991 
Current assets
Inventories
8,609 
6,821 
Debtors
6
19,709 
9,799 
Cash at bank and in hand
182,535 
244,364 
210,853 
260,984 
Creditors: amounts falling due within one year
7
(87,211)
(101,762)
Net current assets
123,642 
159,222 
Total assets less current liabilities
134,922 
213,213 
Creditors: amounts falling due after more than one year
8
(524,654)
(524,654)
Net liabilities
(389,732)
(311,441)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(389,832)
(311,541)
Shareholders' funds
(389,732)
(311,441)
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by
Cathleen McGarry Director Company Registration No. 08846620
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MCGARRY ENTERTAINMENT LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MCGARRY ENTERTAINMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08846620. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Leasehold Improvements 10% Office Equipment 33.33% Furniture & Fixtures 33.33%
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.
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MCGARRY ENTERTAINMENT LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
573,359 
At 31 December 2024
573,359 
Amortisation
At 1 January 2024
535,122 
Charge for the year
38,236 
At 31 December 2024
573,358 
Net book value
At 31 December 2024
1 
At 31 December 2023
38,237 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
268,476 
At 31 December 2024
268,476 
Depreciation
At 1 January 2024
252,722 
Charge for the year
4,475 
At 31 December 2024
257,197 
Net book value
At 31 December 2024
11,279 
At 31 December 2023
15,754 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,657 
9,313 
Other debtors
10,052 
486 
19,709 
9,799 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,891 
14,879 
Amounts owed to group undertakings and other participating interests
29,410 
29,595 
Taxes and social security
33,897 
34,216 
Other creditors
15,397 
20,632 
Accruals
1,616 
2,440 
87,211 
101,762 
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MCGARRY ENTERTAINMENT LIMITED Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
524,654 
524,654 
Of the intercompany balance above £524,654 is owed to Misaro Limited (2022 : £664,051)
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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