Majestic Ventures (UK) Limited

Unaudited Financial Statements
for the year ended 31 January 2026

Company registration number 05030287

(England and Wales)

Statement of Financial Position

As at 31 January 2026

Notes

2026

2025

£

Fixed assets

Tangible assets

4

673

841

673

841

Current assets

Debtors

5

5,482

5,424

Cash at bank and in hand

115,417

124,498

120,899

129,922

Creditors

Amounts falling due within one year

6

(9,834)

(12,234)

(9,834)

(12,234)

Net current assets (liabilities)

111,065

117,688

Total assets less current liabilities

111,738

118,529

Net assets (liabilities)

111,738

118,529

Capital and reserves

Called up share capital

1

Profit and loss account

111,737

118,528

Total equity

111,738

118,529

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 28 October 2026 and are signed on its behalf by:

Cunningham, Martin James

Director

Company registration number 05030287

Notes to the Financial Statements

For the year ended 31 January 2026

1. Statutory information

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

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

2.4. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate

Method

%

Office and computer equipment

20

Reducing balance

3. Employees

The average number of employees during the year was 1 (2025: 1).

4. Tangible fixed assets

Office equipment

Total

£

Cost

At 1 February 2025

7,478

At 31 January 2026

7,478

Depreciation and impairment

At 1 February 2025

6,637

Charge for the period

168

At 31 January 2026

6,805

Net book value

At 31 January 2026

673

At 31 January 2025

841

5. Debtors

2026

2025

£

Trade debtors

1,179

-

Directors loan accounts

-

2,177

Prepayments and accrued income

4,303

3,247

Total due within one year

5,482

5,424

Total due after one year

-

Total

5,482

5,424

6. Creditors due within one year

2026

2025

£

Directors loan account

4

-

Taxation and social security

8,902

11,612

Accruals and deferred income

928

622

Total

9,834

12,234

7. Directors advances, credits and guarantees

Director

Brought forward

Amounts advanced

Amounts repaid

Carried forward

£

Cunningham, Martin James

2,177

34,264

(36,445)

(4)

Total

2,177

34,264

(36,445)

(4)

The above loan is unsecured, interest free and repayable on demand.

Registered office	39 Broad Landing
	South Shields
	NE33 1JL