MAGELLAN HOMELOANS HOLDINGS LIMITED

MAGELLAN HOMELOANS HOLDINGS LIMITED

MAGELLAN HOMELOANS HOLDINGS LIMITED - Company Information

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MAGELLAN HOMELOANS HOLDINGS LIMITED

Company Registration Number:
10268014 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

MAGELLAN HOMELOANS HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

MAGELLAN HOMELOANS HOLDINGS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Investments: 3 72,657 72,657
Total fixed assets: 72,657 72,657
Current assets
Debtors:   76,607 76,607
Total current assets: 76,607 76,607
Creditors: amounts falling due within one year:   (30,100) (30,100)
Net current assets (liabilities): 46,507 46,507
Total assets less current liabilities: 119,164 119,164
Creditors: amounts falling due after more than one year:   (112,000) (112,000)
Total net assets (liabilities): 7,164 7,164
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,064 7,064
Shareholders funds: 7,164 7,164

The notes form part of these financial statements

MAGELLAN HOMELOANS HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2020
and signed on behalf of the board by:

Name: M Gilmour
Status: Director

The notes form part of these financial statements

MAGELLAN HOMELOANS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAGELLAN HOMELOANS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

MAGELLAN HOMELOANS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Fixed investments

Investments in 100% of the Ordinary Shares of subsidiary companies at 31 March 2019 and 31 March 2020 - £72,657.Subsidiary companies:Magellan Homeloans LimitedMagellan Homeloans UK Limited