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MAGERIK LIMITED
REGISTERED NUMBER: 01633829
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 30 September 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 profit and loss account 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:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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MAGERIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Magerik Limited is a private limited company incorporated and registered in England and Wales. The Company's registered office is DAX House, Wenman Road, Thame, Oxfordshire, OX9 3SE.
The Company has not traded during the year nor during the preceding financial year.
2.Accounting policies
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Basis of preparation of financial statements
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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.
The financial statements are presented in pound Sterling and rounded to the nearest pound.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result 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.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.
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Authorised, allotted, called up and fully paid
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10,100 (2023 - 10,100) Ordinary shares of £1.00 each
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Page 2
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MAGERIK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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Related party transactions
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At the year end, £10,100 (2023 £10,100) was receivable from MGR Foamtex Limited, a fellow subsidary of the parent company.
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Ultimate parent undertaking and controlling party
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The parent company is MGR Holdings Limited, a company registered in England and Wales.
The ultimate controlling party is Adagia Capital Europe GP SAS. A copy of the financial statements for Adagia Capital Europe GP SAS is available from 20 Rue Quentin Bauchart 75008, Paris, France.
Page 3
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