Majestic Ventures (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05030287 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

Majestic Ventures (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

M Cunningham

SECRETARY:

Mrs Y V Cunningham

REGISTERED OFFICE:

39 Broad Landing

South Shields

Tyne and Wear

NE33 1JL

REGISTERED NUMBER:

05030287 (England and Wales)

ACCOUNTANTS:

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

FIXED ASSETS

Tangible assets

4

1,468

1,834

CURRENT ASSETS

Debtors

5

4,634

1,347

Cash at bank

77,919

50,931

82,553

52,278

CREDITORS

Amounts falling due within one year

6

12,126

5,240

NET CURRENT ASSETS

70,427

47,038

TOTAL ASSETS LESS CURRENT LIABILITIES

71,895

48,872

CREDITORS

Amounts falling due after more than one year

7

11,444

6,772

NET ASSETS

60,451

42,100

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

60,450

42,099

SHAREHOLDERS' FUNDS

60,451

42,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 15 October 2018 and were signed by:

M Cunningham - Director

1.	STATUTORY INFORMATION

Majestic Ventures (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2017

and 31 January 2018

6,737

DEPRECIATION

At 1 February 2017

4,903

Charge for year

366

At 31 January 2018

5,269

NET BOOK VALUE

At 31 January 2018

1,468

At 31 January 2017

1,834

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

4,634

1,347

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

7,925

3,178

Social security and other taxes

243

187

VAT

3,478

1,342

Accruals and deferred income

480

533

12,126

5,240

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Directors' loan accounts

11,444

6,772

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 February 2017

42,099

Profit for the year

31,851

Dividends

(13,500

)

At 31 January 2018

60,450

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2018 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

Date: .............................................