IRIS Accounts Production v23.4.0.336 09923334 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099233342022-12-31099233342023-12-31099233342023-01-012023-12-31099233342021-12-31099233342022-01-012022-12-31099233342022-12-3109923334ns15:EnglandWales2023-01-012023-12-3109923334ns14:PoundSterling2023-01-012023-12-3109923334ns10:Director12023-01-012023-12-3109923334ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109923334ns10:SmallEntities2023-01-012023-12-3109923334ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109923334ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109923334ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109923334ns10:FullAccounts2023-01-012023-12-3109923334ns10:RegisteredOffice2023-01-012023-12-3109923334ns5:CurrentFinancialInstruments2023-12-3109923334ns5:CurrentFinancialInstruments2022-12-3109923334ns5:Non-currentFinancialInstruments2023-12-3109923334ns5:Non-currentFinancialInstruments2022-12-3109923334ns5:ShareCapital2023-12-3109923334ns5:ShareCapital2022-12-3109923334ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3109923334ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3109923334ns5:RetainedEarningsAccumulatedLosses2023-12-3109923334ns5:RetainedEarningsAccumulatedLosses2022-12-3109923334ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3109923334ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3109923334ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 09923334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Magic Box Properties Two Limited

Magic Box Properties Two Limited (Registered number: 09923334)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Magic Box Properties Two Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P M Simpson





REGISTERED OFFICE: 7 The Common
London
W5 3TR





REGISTERED NUMBER: 09923334 (England and Wales)





ACCOUNTANTS: Shaw Accounting Services Limited
14 Amherst Avenue
London
W13 8NQ

Magic Box Properties Two Limited (Registered number: 09923334)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 15,000 25,000

CURRENT ASSETS
Debtors 5 250,000 250,000
Cash at bank 46,108 173,185
296,108 423,185
CREDITORS
Amounts falling due within one year 6 52,482 61,442
NET CURRENT ASSETS 243,626 361,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,626

386,743

CREDITORS
Amounts falling due after more than one
year

7

143,000

320,000
NET ASSETS 115,626 66,743

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 8 (100,441 ) (100,941 )
Retained earnings 216,064 167,681
SHAREHOLDERS' FUNDS 115,626 66,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Magic Box Properties Two Limited (Registered number: 09923334)

Balance Sheet - continued
31 December 2023


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

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 and authorised for issue on 19 February 2024 and were signed by:





P M Simpson - Director


Magic Box Properties Two Limited (Registered number: 09923334)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Magic Box Properties Two 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Magic Box Properties Two Limited (Registered number: 09923334)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 25,000
Disposals (10,500 )
Revaluations 500
At 31 December 2023 15,000
NET BOOK VALUE
At 31 December 2023 15,000
At 31 December 2022 25,000



The investment property has been valued at the year end by the director.

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other debtors 250,000 250,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,575 13,600
Other creditors 47,907 47,842
52,482 61,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 143,000 320,000

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 (100,941 )
Property revaluation 500

At 31 December 2023 (100,441 )