Niall Maguire Limited Company accounts

COMPANY REGISTRATION NUMBER: 06895975

Niall Maguire Limited

Unaudited Financial Statements

31 December 2025

Niall Maguire Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

Niall Maguire Limited

Directors' Report

Year ended 31 December 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2025 .

Directors

The directors who served the company during the year were as follows:

Mr N Maguire
Mrs A Maguire

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 21 August 2026 and signed on behalf of the board by:

Mr N Maguire

Director

Registered office:

10 Clovelly Avenue

Warlingham

Surrey

CR6 9HZ

Niall Maguire Limited

Statement of Income and Retained Earnings

Year ended 31 December 2025

	2025	2024
Note	£	£
Turnover	1,850,238	231,194

Cost of sales	39,075	20,781
	------------	---------
Gross profit	1,811,163	210,413

Administrative expenses	389,898	164,913
	------------	---------
Operating profit	1,421,265	45,500

Income from other fixed asset investments		50,822	142,163
Other interest receivable and similar income		108,574	103,705
		------------	---------
Profit before taxation	5	1,580,661	291,368

Tax on profit	422,188	79,513
	------------	---------
Profit for the financial year and total comprehensive income	1,158,473	211,855
	------------	---------

All the activities of the company are from continuing operations.

Niall Maguire Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	47,493	69,212
Investments	7	1,768,158	1,766,173
		------------	------------
		1,815,651	1,835,385

Current assets

Debtors	8	4,015,914	3,069,065
Cash at bank and in hand		3,325,877	2,785,246
		------------	------------
		7,341,791	5,854,311

Creditors: amounts falling due within one year	9	512,093		153,320
		------------		------------
Net current assets			6,829,698	5,700,991
			------------	------------
Total assets less current liabilities			8,645,349	7,536,376
			------------	------------
Net assets			8,645,349	7,536,376
			------------	------------

Capital and reserves

Called up share capital	20	20
Profit and loss account	8,645,329	7,536,356
	------------	------------
Shareholders funds	8,645,349	7,536,376
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Niall Maguire Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

Mr N Maguire

Director

Company registration number: 06895975

Niall Maguire Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Clovelly Avenue, Warlingham, Surrey, CR6 9HZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover in the profit and loss represents trading income earned during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	25% straight line
Motor Vechicles	-	18% reducing balance
Computer Equipment	-	50% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	25,398	24,531
	--------	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	1,216	90,945	10,298	102,459
Additions	–	–	3,678	3,678
	-------	--------	--------	---------
At 31 December 2025	1,216	90,945	13,976	106,137
	-------	--------	--------	---------
Depreciation
At 1 January 2025	799	22,736	9,711	33,246
Charge for the year	373	22,737	2,288	25,398
	-------	--------	--------	---------
At 31 December 2025	1,172	45,473	11,999	58,644
	-------	--------	--------	---------
Carrying amount
At 31 December 2025	44	45,472	1,977	47,493
	-------	--------	--------	---------
At 31 December 2024	417	68,209	587	69,213
	-------	--------	--------	---------

7. Investments

	Other investments other than loans
	£
Cost
At 1 January 2025	1,766,173
Additions	25,000
Revaluations	( 23,015)
	------------
At 31 December 2025	1,768,158
	------------
Impairment
At 1 January 2025 and 31 December 2025	–
	------------

Carrying amount
At 31 December 2025	1,768,158
	------------
At 31 December 2024	1,766,173
	------------

8. Debtors

	2025	2024
	£	£
Other debtors	4,015,914	3,069,065
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,499	–
Corporation tax	422,188	79,688
Rental deposits	1,475	–
Other creditors	71,931	73,632
	---------	---------
	512,093	153,320
	---------	---------

10. Financial instruments

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr N Maguire	618	27,000	( 27,618)	–
Mrs A Maguire	( 72,250)	51,345	( 49,026)	( 69,931)
	--------	--------	--------	--------
	( 71,632)	78,345	( 76,644)	( 69,931)
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr N Maguire	53,618	–	( 53,000)	618
Mrs A Maguire	53,617	69,316	( 195,183)	( 72,250)
	---------	--------	---------	--------
	107,235	69,316	( 248,183)	( 71,632)
	---------	--------	---------	--------

Overdrawn directors loan accounts are charged interest in line with HMRC guidelines. No interest is charged if directors loan account has a credit balance.

12. Related party transactions

The company was under the control of Mr N Maguire throughout the current and previous year. Mr N Maguire is the managing director and majority shareholder. During the year Niall Maguire Ltd made a loan of £50,000 to Eunicon Sporting Management Ltd (2024: £47,500), a company which the directors N Maguire & A Maguire are also directors. The outstanding balance on this loan at the year end was £208,920 (2024: £158,920). This loan is interest free, unsecured and repayable on demand. During the year Eunicon Properties Ltd, a company which the directors N Maguire & A Maguire are also directors, repaid a loan of £95,000 to Niall Maguire Ltd (2024: £20,000). The outstanding balance on this loan at the year end was £1,260,000 (2024: £1,355,000). This loan is interest free, unsecured and repayable on demand. No further transactions with related parties were undertaken such as is required to be disclosed under the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.