REGISTERED NUMBER: 06455747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

MAGNUS INSURANCE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

N D Garner

A S Hughes

Mrs K A Beales

Mrs E V Parkes

SECRETARY:

Mrs S A Garner

REGISTERED OFFICE:

5400 Lakeside

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3GQ

REGISTERED NUMBER:

06455747 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Investments

4

515,800

-

CURRENT ASSETS

Debtors

5

561,080

1,149,718

Cash at bank

51,754

72,191

612,834

1,221,909

CREDITORS

Amounts falling due within one year

6

601,370

850,930

NET CURRENT ASSETS

11,464

370,979

TOTAL ASSETS LESS CURRENT LIABILITIES

527,264

370,979

PROVISIONS FOR LIABILITIES

7

16,450

-

NET ASSETS

510,814

370,979

CAPITAL AND RESERVES

Called up share capital

8

180

180

Share premium

67,420

69,920

Capital redemption reserve

1,750

1,750

Fair value reserve

9

49,350

-

Retained earnings

392,114

299,129

510,814

370,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2026 and were signed on its behalf by:

N D Garner - Director

1.	STATUTORY INFORMATION

Magnus Insurance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises commission receivable and is accounted for at the point the full insurance premium is received.

Financial instruments

A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments

Investments in unlisted and publicly traded shares are initially recognized at transaction price plus directly attributable transaction costs. Subsequently, they are measured at fair value at each reporting date. Changes in fair value are recognized directly in the profit and loss account for the period. Where the fair value of an equity instrument cannot be measured reliably, the investment is measured at cost less impairment

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

450,000

Revaluations

65,800

At 31st March 2026

515,800

NET BOOK VALUE

At 31st March 2026

515,800

Cost or valuation at 31st March 2026 is represented by:

Other

investments

£

Valuation in 2026

65,800

Cost

450,000

515,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

561,080

1,149,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

32,521

31,323

Other creditors

568,849

819,607

601,370

850,930

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

16,450

-

Deferred

tax

£

Provided during year

16,450

Balance at 31st March 2026

16,450

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

2026

2025

value:

£

£

180

Ordinary

£1

180

180

0 (2025 - 1)

Ordinary 'A'

£0.0000001

-

-

1

Ordinary 'C'

£0.0000001

-

-

180

180

During the year, the Company purchased the single Ordinary 'A' share in issue for total consideration of £7,038. This share was immediately cancelled following purchase.

The 'C' Ordinary share carries no rights to income or voting and has restricted rights to capital.

9.

RESERVES

Fair

value

reserve

£

Transfer

49,350

At 31st March 2026

49,350

10.	RELATED PARTY DISCLOSURES