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Registered number:
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MAGIE Investments Limited
Company Information
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MAGIE Investments Limited
Contents
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MAGIE Investments Limited
Group Strategic Report
For the period ended 31 December 2025
The directors present their strategic report for the period ended 31 December 2025.
MAGIE Investments Limited was incorporated on 26 September 2024. On 24 October 2024, the Company acquired 100% of the issued share capital in Timberwise Holdings Limited and its subsidiaries. The results for Timberwise Holdings Limited and its subsidiaries have been consolidated into MAGIE Investments Limited for the extended 15-month period ended 31 December 2025.
The directors are pleased to report that in 2025 the Group has enjoyed a successful period of trading despite the challenging economic environment and uncertainty within the industry. During the period, the Group continued to focus on delivering high-quality products and services to its customers whilst maintaining strong operational and financial performance. The Group continued to invest in its workforce and operational systems throughout the period to support future growth and improve efficiency across the business. Management remains focused on customer service, efficiency and health & safety whilst continuing to identify opportunities for sustainable growth. The directors remain pleased with the financial position of the Group and believe the business is well positioned for continued success in the coming year and look forward to posting record growth in 2026.
The management of the business and the execution of the Group's strategy are subject to several risks.
Financial Risks The Group's operations expose it to a limited number of financial risks, primarily credit risk and liquidity risk. Credit Risk The Group has taken appropriate measures to evaluate and mitigate credit risk. Credit checks are undertaken for new customers, and all customers are continually monitored through strict credit control processes. Liquidity Risk Cash flow is monitored to ensure sufficient funds are always available for operational requirements. Non-Financial Risks Non-financial risks are monitored on a regular basis by the Board. Market and Competition Risks The Group operates in a competitive market and faces the risk of reduced demand arising from increased competition, changing customer preferences and broader economic conditions. The Group continually seeks to increase its customer base and to identify more key customers. The directors believe that the quality of the product and customer services will help mitigate these risks and hope to see continued growth and record trading results in the coming year.
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MAGIE Investments Limited
Group Strategic Report (continued)
For the period ended 31 December 2025
The directors believe that it is important to continue to develop the level of knowledge, skill and expertise of all staff across the company and this is a core tenet of the business.
The health and welfare of all staff remains a key priority, and the directors are committed to continually improving health and safety.
The key financial indicators of the business are Turnover, Gross Profit, Profit Before Tax and Profit for the Financial Period.
Performance against these KPIs in the period is summarised below:
This report was approved by the board and signed on its behalf.
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MAGIE Investments Limited
Directors' Report
For the period ended 31 December 2025
The directors present their report and the financial statements for the period ended 31 December 2025.
The directors are responsible for preparing the group strategic report, the directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The loss for the period, after taxation, amounted to £21,633.
The parent company declared dividends of £192,941 during the period.
The directors who served during the period were:
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MAGIE Investments Limited
Directors' Report (continued)
For the period ended 31 December 2025
The auditors, Hurst Accountants Limited, were appointed in the period and will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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MAGIE Investments Limited
Independent Auditors' Report to the Members of MAGIE Investments Limited
We have audited the financial statements of MAGIE Investments Limited (the 'parent Company') and its subsidiaries (the 'Group') for the period ended 31 December 2025, which comprise the consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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MAGIE Investments Limited
Independent Auditors' Report to the Members of MAGIE Investments Limited (continued)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the group strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the group strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the group strategic report or the directors' report.
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MAGIE Investments Limited
Independent Auditors' Report to the Members of MAGIE Investments Limited (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
∙The nature of the industry and sector in which the company operates; the control environment and business performance including the key drivers for directors' remuneration, bonus levels and performance targets.
∙The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.
∙Supporting documentation relating to the Group's policies and procedures for:
- Identifying, evaluating, and complying with laws and regulations - Detecting and responding to the risks of fraud
∙The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
∙The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statement and any potential indicators of fraud.
∙The legal and regulatory framework in which the Group operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Group, including General Data Protection requirements and Anti-bribery and Corruption.
Audit response to risks identified
Our procedures to respond to the risks identified included the following:
∙Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
∙Evaluation of the operating effectiveness of management's controls designed to prevent and detect irregularities.
∙Enquiring of management about any actual and potential litigation and claims.
∙Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.
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MAGIE Investments Limited
Independent Auditors' Report to the Members of MAGIE Investments Limited (continued)
We have also considered the risk of fraud through management override of controls by:
∙Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which pose a heightened risk of material misstatement, whether due to fraud or error.
∙Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
∙Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
3 Stockport Exchange
SK1 3GG
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MAGIE Investments Limited
Consolidated Statement of Comprehensive Income
For the period ended 31 December 2025
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MAGIE Investments Limited
Registered number: 15981568
Consolidated Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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MAGIE Investments Limited
Registered number: 15981568
Company Balance Sheet
As at
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 38 form part of these financial statements.
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MAGIE Investments Limited
Consolidated Statement of Changes in Equity
For the period ended 31 December 2025
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MAGIE Investments Limited
Company Statement of Changes in Equity
For the period ended 31 December 2025
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MAGIE Investments Limited
Consolidated Statement of Cash Flows
For the period ended 31 December 2025
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MAGIE Investments Limited
Consolidated Statement of Cash Flows (continued)
For the period ended 31 December 2025
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MAGIE Investments Limited
Consolidated Analysis of Net Debt
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
MAGIE Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 15981568. The company was incorporated in the United Kingdom. The registered office is 1 Drake Mews Gadbrook Park, Rudheath, Northwich, CW9 7XF.
The Company was incorporated on 26 September 2024 and the financial statements have been prepared for a 15 month period to 31 December 2025. Therefore no comparative information has been disclosed. The principal activity of the company is that of a holding company. The principal activity of the Group is that of building and preservation specialists for both domestic and commercial properties.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The Parent Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
These financial statements have been prepared on a going concern basis. The Directors, having considered the financial position of the Group for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Group to continue as a going concern. The Group reported a profit before tax of £206,219 and net current liabilities of £1,386,666 in FY25.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements The Group generates revenue from the provision of property surveys and specialist property treatment and remedial works, including damp proofing, timber treatment and associated services. Survey income Revenue from surveys is recognised when the survey has been completed and the related findings have been delivered to the customer. At this point, the Group's performance obligation has been satisfied and the customer has obtained the benefit of the service provided. Amounts received in advance of surveys being performed are recognised as deferred income within creditors and are released to revenue only when the survey has been completed and the associated report or findings have been provided to the customer. Property treatment and remedial works Revenue from damp proofing, timber treatment and other remedial works is recognised as the services are provided to the customer. Where contracts relate to a single project, revenue is recognised when the relevant stage of work has been completed and the customer has obtained the benefit of the services performed. Customer deposits received prior to the commencement of works are recognised as deferred income within creditors and are not recognised as revenue until the related services have been performed. For larger projects, interim invoices may be raised throughout the contract period. Revenue is recognised only to the extent that the related work has been completed at the reporting date and the Group has satisfied its performance obligations in respect of that work. Any amounts invoiced or received in advance of the services being performed are recognised as deferred income until the corresponding work has been completed. Revenue is recognised only when the outcome of the transaction can be measured reliably, it is probable that the Group will receive the economic benefits associated with the transaction, and the costs incurred and costs to complete the transaction can be measured reliably.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
During the period, the directors reassessed the useful economic lives of intangible software assets and revised the range from a fixed period of 10 years to between 3 and 10 years. This reassessment reflects the directors’ updated expectation of the period over which the assets will generate economic benefits.
The change has been treated as a change in accounting estimate in accordance with FRS 102 and has therefore been applied prospectively. The impact of the revision in the current period is not material to the financial statements.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's balance sheet when the Group becomes party to the contractual provisions of the instrument.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
2.Accounting policies (continued)
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Consolidated Goodwill The Group establishes a reliable estimate of the useful life of goodwill arising from business combinations. This estimate is based on a variety of factors such as the expected use of the acquired businesses and the useful life of the cash generating units to which the goodwill is attributed. At each reporting date, the goodwill is assessed for any indicators of impairment. If there is any evidence of impairment, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognised immediately in the Statement of Comprehensive Income. No impairment charges were accounted for during the period, and the carrying amount of goodwill at 31 December 2025 was £4,146,430. Useful life of intangible assets The assessment of the useful economic life of the company's internally developed and acquired software and licences is judgemental and can change due to obsolescence due to unforeseen technological developments, and other factors. The useful life of licences represents management's view of the expected term over which the company will receive benefits from the software, and does not exceed the licence term. For internally developed and acquired software the life is based on historical experience with similar products as well as anticipation of future events which may impact their useful economic life. The carrying amount of intangible assets at 31 December 2025 was £1,115,917.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
The whole of the turnover is attributable to the Group's principal activity.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
Obligations under finance lease and hire purchase contracts are secured against the assets which they relate.
Included within other creditors is deferred consideration of £2,287,000 arising on the acquisition of Timberwise Holdings Limited. For details regarding the interest payable, see note 20.
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
On incorporation of the Company at 26 September 2024, the following shares were issued at par value:
4 Ordinary Shares of £1 On 24 October 2024, the Company updated its Articles of Association, resulting in a revision to its share capital structure. Following this update, the Company’s share capital was reorganised into the following classes: 1 Ordinary Shares of £1 1 C Ordinary Shares of £1 1 D Ordinary Shares of £1 1 E Ordinary Shares of £1 On 24 October 2024, the Company issued shares as consideration for the transfer of shares in Timberwise Holdings Limited. The consideration value attributed to each share issued was £2,149.61. The following shares were issued: 207 Ordinary Shares of £1 589 C Ordinary Shares of £1 100 D Ordinary Shares of £1 100 E Ordinary Shares of £1
Share premium account
Profit and loss account
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
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MAGIE Investments Limited
Notes to the Financial Statements
For the period ended 31 December 2025
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £265,419. Contributions totalling £36,900 were payable to the fund at the balance sheet date and are included in other creditors.
The ultimate controlling party is G Edwards by virtue of majority shareholding in the company.
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