Silverfin false 30/04/2023 22/04/2022 30/04/2023 Jason Lee Burdett 22/04/2022 Michael David Sommerfeld 22/04/2022 31 October 2023 The principal activity of the company during the financial year was buying and selling of own real estate. 14063232 2023-04-30 14063232 bus:Director1 2023-04-30 14063232 bus:Director2 2023-04-30 14063232 core:CurrentFinancialInstruments 2023-04-30 14063232 core:ShareCapital 2023-04-30 14063232 core:RetainedEarningsAccumulatedLosses 2023-04-30 14063232 bus:OrdinaryShareClass1 2023-04-30 14063232 2022-04-22 2023-04-30 14063232 bus:FullAccounts 2022-04-22 2023-04-30 14063232 bus:SmallEntities 2022-04-22 2023-04-30 14063232 bus:AuditExemptWithAccountantsReport 2022-04-22 2023-04-30 14063232 bus:PrivateLimitedCompanyLtd 2022-04-22 2023-04-30 14063232 bus:Director1 2022-04-22 2023-04-30 14063232 bus:Director2 2022-04-22 2023-04-30 14063232 bus:OrdinaryShareClass1 2022-04-22 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14063232 (England and Wales)

MAGIC BEANS DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial period from 22 April 2022 to 30 April 2023
Pages for filing with the registrar

MAGIC BEANS DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial period from 22 April 2022 to 30 April 2023

Contents

MAGIC BEANS DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
MAGIC BEANS DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
30.04.2023
£
Current assets
Stocks 234,118
Cash at bank and in hand 44,345
278,463
Creditors: amounts falling due within one year 3 ( 119,816)
Net current assets 158,647
Total assets less current liabilities 158,647
Net assets 158,647
Capital and reserves
Called-up share capital 4 100
Profit and loss account 158,547
Total shareholders' funds 158,647

For the financial period ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Magic Beans Developments Limited (registered number: 14063232) were approved and authorised for issue by the Director on 31 October 2023. They were signed on its behalf by:

Jason Lee Burdett
Director
MAGIC BEANS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 April 2022 to 30 April 2023
MAGIC BEANS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 April 2022 to 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Magic Beans Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bishop Fleming, Salt Quay House 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
22.04.2022 to
30.04.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Creditors: amounts falling due within one year

30.04.2023
£
Trade creditors 3,607
Amounts owed to directors 74,900
Accruals 3,000
Taxation and social security 38,309
119,816

4. Called-up share capital

30.04.2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation, the company issued 100 Ordinary £1 shares.

5. Related party transactions

Transactions with the entity's directors

30.04.2023
£
Amounts owed to directors 74,900