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Company Registration No. 13117616 (England and Wales)
2 Magpies Holdings Ltd Unaudited accounts for the year ended 31 January 2024
2 Magpies Holdings Ltd Unaudited accounts Contents
Page
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2 Magpies Holdings Ltd Company Information for the year ended 31 January 2024
Directors
D Johnson S P Wellman D Smith
Company Number
13117616 (England and Wales)
Registered Office
41 Catherine Street Macclesfield Cheshire SK11 6ET
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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2 Magpies Holdings Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
125,726 
125,726 
Investments
210 
210 
125,936 
125,936 
Current assets
Cash at bank and in hand
10 
10 
Net current assets
10 
10 
Total assets less current liabilities
125,946 
125,946 
Creditors: amounts falling due after more than one year
(125,100)
(125,100)
Net assets
846 
846 
Capital and reserves
Called up share capital
210 
210 
Profit and loss account
636 
636 
Shareholders' funds
846 
846 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by
D Johnson Director Company Registration No. 13117616
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2 Magpies Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
2 Magpies Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13117616. The registered office is 41 Catherine Street, Macclesfield, Cheshire, SK11 6ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at cost.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
125,726 
At 31 January 2024
125,726 
The investment property relates in full to 41 Catherine Street, Macclesfield, Cheshire, SK11 6ET and is shown at cost.
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2 Magpies Holdings Ltd Notes to the Accounts for the year ended 31 January 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2023
210 
Valuation at 31 January 2024
210 
The company holds 105 ordinary shares of £1 each, 35 A ordinary shares of 1 each, 35 B ordinary shares of 1 each and 35 C ordinary shares in 2 Magpies SEO Limited, a company incorporated in England & Wales, company number 08354155. This represents a 100% ownership of the company. In the year to 31st January 2024 2 Magpies SEO Limited returned a post tax profit of £109,226 (2023 - £107,628) and had a shareholders fund of £35,581 (2023 - £50,355).
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
125,100 
125,100 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
105 Ordinary shares of £1 each
105 
105 
35 A Ordinary shares of £1 each
35 
35 
35 B Ordinary shares of £1 each
35 
35 
35 C Ordinary shares of £1 each
35 
35 
210 
210 
8
Transactions with related parties
2 Magpies Holdings Ltd is the ultimate holding company of 2 Magpies SEO Limited. During the year 2 Magpies SEO Limited declared a dividend of £124,000 (2023 - £107,000) to 2 Magpies Holdings Ltd. At the balance sheet date 2 Magpies Holdings Limited owed £125,100 ( 2023 - 125.100 to 2 Magpies SEO Limited. The loan is repayable upon demand and subject to interest at a commercial rate.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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