Magic Notion Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08344968

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		337		196
Tangible Assets	5		1,345		2,979

			1,682		3,175
CURRENT ASSETS
Debtors	6	98,152		5,176
Cash at bank and in hand		54,284		-

		152,436		5,176
Creditors: Amounts Falling Due Within One Year	7	(17,276 )		(53,268 )

NET CURRENT ASSETS (LIABILITIES)			135,160		(48,092 )

TOTAL ASSETS LESS CURRENT LIABILITIES			136,842		(44,917 )

NET ASSETS/(LIABILITIES)			136,842		(44,917 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			136,841		(44,918 )

SHAREHOLDERS' FUNDS			136,842		(44,917)

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Magic Notion Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Benjamin Morris

Director

29th October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Magic Notion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08344968 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	50% on cost
Computer Equipment	50% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Magic Notion Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 5)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2024	492
Additions	200

As at 31 January 2025	692

Amortisation
As at 1 February 2024	296
Provided during the period	59

As at 31 January 2025	355

Net Book Value
As at 31 January 2025	337

As at 1 February 2024	196

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	-	16,392	16,392
Additions	266	820	1,086
Disposals	-	(1,136 )	(1,136 )

As at 31 January 2025	266	16,076	16,342

Depreciation
As at 1 February 2024	-	13,413	13,413
Provided during the period	27	2,312	2,339
Disposals	-	(755 )	(755 )

As at 31 January 2025	27	14,970	14,997

Net Book Value
As at 31 January 2025	239	1,106	1,345

As at 1 February 2024	-	2,979	2,979

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Magic Notion Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,176	2,383
Other debtors	92,976	2,793

	98,152	5,176

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,230	21,149
Bank loans and overdrafts	-	15,551
Other creditors	6,056	12,889
Taxation and social security	2,990	3,679

	17,276	53,268

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	-	1,000

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Richard Antony Franke by virtue of his ownership of 100% of the issued share capital in the company.

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