ACCOUNTS - Final Accounts preparation

Registered number: OC445881

MAGIC HOOPS BIRMINGHAM LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

MAGIC HOOPS BIRMINGHAM LLP

REGISTERED NUMBER: OC445881

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
		£		£


Fixed assets		4,867		6,467
		4,867		6,467
Current assets	4,020		7,619
Creditors: amounts falling due within one year	(2,792)		(3,443)
Net current assets		1,228		4,176
Total assets less current liabilities		6,095		10,643
		6,095		10,643
Net assets attributable to members		6,095		10,643

Total members' interests			6,095		10,643

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MAGIC HOOPS BIRMINGHAM LLP

REGISTERED NUMBER: OC445881

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Notes

General information

Magic Hoops Birmingham LLP is a limited liability partnership incorporated in the United Kingdom and registered in England and Wales. The registration number is OC445881. The registered office is 1010 Eskdale Road, Winnersh Triangle, Wokingham, United Kingdom, RG41 5TS.

Average number of employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 30 December 2025.

H Kapoor

Designated member

Magic Hoops Birmingham LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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MAGIC HOOPS BIRMINGHAM LLP

REGISTERED NUMBER: OC445881

1.1

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

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