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Company Registration No. 10516036 (England and Wales)
Magnet Films 5 Limited Unaudited accounts for the year ended 30 June 2025
Magnet Films 5 Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Magnet Films 5 Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
99
-
Cash at bank and in hand
39
28,411
138
28,411
Creditors: amounts falling due within one year
5
(41,812)
(46,308)
Net current liabilities
(41,674)
(17,897)
Total assets less current liabilities
(41,674)
(17,897)
Creditors: amounts falling due after more than one year
6
(190,000)
(190,000)
Net liabilities
(231,674)
(207,897)
Capital and reserves
Called up share capital
152
152
Share premium
29,988
29,988
Profit and loss account
(261,814)
(238,037)
Shareholders' funds
(231,674)
(207,897)
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have 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 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 and authorised for issue on 15 April 2026 and were signed on its behalf by
Mr. G. Sinyor Director Company Registration No. 10516036
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Magnet Films 5 Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Magnet Films 5 Limited is a private company, limited by shares, registered in England and Wales, registration number 10516036. The registered office is 83 Windermere Avenue, London, N3 3RD, United Kingdom.
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.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
99
-
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
1,653
Loans from directors
39,312
43,405
Accruals
2,500
1,250
41,812
46,308
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
190,000
190,000
7
Average number of employees
During the year the average number of employees was 1 (2024: 2).
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