Last Day of Magic Limited - Period Ending 2020-06-30

Last Day of Magic Limited

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3
Notes to the Unaudited Abridged Financial Statements	4 to 5

Last Day of Magic Limited

Company Information

Directors

Mr D Kemp Ms G Kemp

Registered office

237 Westcombe Hill Blackheath London SE3 7DW

Accountants

Finsbury Robinson Ltd Accountants & Business Advisors 237 Westcombe Hill Blackheath London SE3 7DW

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Last Day of Magic Limited
for the Year Ended 30 June 2020

In accordance with your instructions, we have prepared the statutory accounts your approval for the year ended 30 June 2020 as set out on pages 3 to 5 from the company's accounting records and on the basis of information and explanations you have given to us.

You consider that Last Day of Magic Limited is exempt from an audit for the year ended 30 June 2020. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the statutory accounts that give a true and fair view of the state of affairs of the company and of its loss for the financial year.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

......................................

Finsbury Robinson Ltd
Accountants & Business Advisors
237 Westcombe Hill
Blackheath
London
SE3 7DW

17 March 2021

Last Day of Magic Limited

(Registration number: 07271439)
Abridged Balance Sheet as at 30 June 2020

	Note	2020 £	2019 £
Current assets
Cash at bank and in hand		955	760
Creditors: Amounts falling due within one year		(10,596)	(10,356)
Net liabilities		(9,641)	(9,596)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(9,741)	(9,696)
Shareholders' deficit		(9,641)	(9,596)

For the financial year ending 30 June 2020 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 17 March 2021 and signed on its behalf by:
 

......................................... Mr D Kemp Director

Last Day of Magic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
237 Westcombe Hill
Blackheath
London
SE3 7DW

These financial statements were authorised for issue by the Board on 17 March 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

Last Day of Magic Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2020

4	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100