Company registration number 09894259 (England and Wales)
MAGICAD GROUP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MAGICAD GROUP LTD
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
MAGICAD GROUP LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
9,870
17,999
Current assets
Trade and other receivables
4
193,127
173,583
Cash and cash equivalents
316,282
202,507
509,409
376,090
Current liabilities
5
(459,721)
(371,212)
Net current assets
49,688
4,878
Net assets
59,558
22,877
Equity
Called up share capital
6
10,000
10,000
Retained earnings
49,558
12,877
Total equity
59,558
22,877

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement and director's report within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 February 2026
G W Doherty
Director
Company registration number 09894259 (England and Wales)
MAGICAD GROUP LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Retained earnings
Total
£
£
£
Balance at 1 January 2024
10,000
(13,061)
(3,061)
Year ended 31 December 2024:
Profit and total comprehensive income
-
25,938
25,938
Balance at 31 December 2024
10,000
12,877
22,877
Year ended 31 December 2025:
Profit and total comprehensive income
-
36,681
36,681
Balance at 31 December 2025
10,000
49,558
59,558
MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

MagiCAD Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 5 Fleet Place, London, EC4M 7RD and the principal place of business is St James’ Building, 3 rd Floor, 61/95 Oxford Street, Manchester, M1 6EG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in to the financial statements of MagiCAD Group Oy. These consolidated financial statements are available from its registered office, Aurakatu 8, 20100 Turku, Finland. The ultimate parent company is Glodon Company Limited, which is listed on the Shenzhen Stock Exchange of China.

1.2
Going concern

At the time of approval of the financial statements, the director ha s a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Director ha s received an undertaking from MagiCAD Group Oy that it will continue to make available such funds as are necessary to enable it to meet its liabilities as they fall due for a period of at least 12 months from approval of these financial statements. Accordingly, the Director continue s to adopt the going concern basis in preparing the financial statements.

1.3
Revenue

Revenue derived from annual user licences is recognised over the period of the licence. Revenue from software sales is recognised upon delivery to the customer and revenue from professional services such as implementation, training and consultancy is recognised over the period when the services are performed.

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the 10 year period of the lease
Fixtures and fittings
25% straight line
Computer equipment
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.

MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, loans to fellow group companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
7
3
Property, plant and equipment
Leasehold improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
29,673
46,824
76,497
Disposals
-
0
(3,683)
(3,683)
At 31 December 2025
29,673
43,141
72,814
Depreciation and impairment
At 1 January 2025
18,450
40,048
58,498
Depreciation charged in the year
2,967
3,683
6,650
Eliminated in respect of disposals
-
0
(2,204)
(2,204)
At 31 December 2025
21,417
41,527
62,944
Carrying amount
At 31 December 2025
8,256
1,614
9,870
At 31 December 2024
11,223
6,776
17,999
4
Trade and other receivables
2025
2024
£
£
Amounts falling due within one year:
Trade receivables
136,344
82,961
Amounts owed by group undertakings
739
31,917
Other receivables
56,044
58,705
193,127
173,583
MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
5
Current liabilities
2025
2024
£
£
Trade payables
2,922
13,330
Amounts owed to group undertakings
-
0
23,749
Taxation and social security
28,081
26,547
Other payables
428,718
307,586
459,721
371,212

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
10,000
10,000
10,000
10,000
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Deon van Tonder ACA
Statutory Auditor:
BKL Audit LLP
Date of audit report:
16 February 2026
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
102,033
140,310
MAGICAD GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
9
Related party transactions

The company has taken advantage of the exemption available in accordance with Section 1AC.35 of Financial Reporting Standard 102 whereby it has not disclosed transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.

2025-12-31 2025-01-01 false false false 16 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity G W Doherty 09894259 2025-01-01 2025-12-31 09894259 2025-12-31 09894259 2024-12-31 09894259 core:LandBuildings 2025-12-31 09894259 core:OtherPropertyPlantEquipment 2025-12-31 09894259 core:LandBuildings 2024-12-31 09894259 core:OtherPropertyPlantEquipment 2024-12-31 09894259 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 09894259 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09894259 core:WithinOneYear 2025-12-31 09894259 core:WithinOneYear 2024-12-31 09894259 core:CurrentFinancialInstruments 2025-12-31 09894259 core:CurrentFinancialInstruments 2024-12-31 09894259 core:ShareCapital 2025-12-31 09894259 core:ShareCapital 2024-12-31 09894259 core:RetainedEarningsAccumulatedLosses 2025-12-31 09894259 core:RetainedEarningsAccumulatedLosses 2024-12-31 09894259 core:ShareCapital 2023-12-31 09894259 core:RetainedEarningsAccumulatedLosses 2023-12-31 09894259 core:ShareCapitalOrdinaryShareClass1 2025-12-31 09894259 core:ShareCapitalOrdinaryShareClass1 2024-12-31 09894259 bus:Director1 2025-01-01 2025-12-31 09894259 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09894259 2024-01-01 2024-12-31 09894259 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 09894259 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09894259 core:FurnitureFittings 2025-01-01 2025-12-31 09894259 core:ComputerEquipment 2025-01-01 2025-12-31 09894259 core:LandBuildings 2024-12-31 09894259 core:OtherPropertyPlantEquipment 2024-12-31 09894259 2024-12-31 09894259 core:LandBuildings 2025-01-01 2025-12-31 09894259 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 09894259 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 09894259 bus:OrdinaryShareClass1 2025-12-31 09894259 bus:OrdinaryShareClass1 2024-12-31 09894259 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09894259 bus:FRS102 2025-01-01 2025-12-31 09894259 bus:Audited 2025-01-01 2025-12-31 09894259 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09894259 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP