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Registration number: 12617625

Mage Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Mage Property Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Mage Property Ltd

Company Information

Director

Mr Matthew George Hopkins

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Mage Property Ltd

(Registration number: 12617625)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

951

1,427

Investment property

3

363,000

299,414

 

363,951

300,841

Current assets

 

Debtors

4

15,789

205

Cash at bank and in hand

 

9,392

27,634

 

25,181

27,839

Creditors: Amounts falling due within one year

5

(1,169)

(6,891)

Net current assets

 

24,012

20,948

Total assets less current liabilities

 

387,963

321,789

Creditors: Amounts falling due after more than one year

5

(362,787)

(363,400)

Provisions for liabilities

(10,374)

-

Net assets/(liabilities)

 

14,802

(41,611)

Capital and reserves

 

Called up share capital

500

500

Revaluation reserve

44,225

-

Retained earnings

(29,923)

(42,111)

Shareholders' funds/(deficit)

 

14,802

(41,611)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 6 January 2025
 

 

Mage Property Ltd

(Registration number: 12617625)
Balance Sheet as at 30 April 2024 (continued)

.........................................
Mr Matthew George Hopkins
Director

 

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

1,903

1,903

At 30 April 2024

1,903

1,903

Depreciation

At 1 May 2023

476

476

Charge for the year

476

476

At 30 April 2024

952

952

Carrying amount

At 30 April 2024

951

951

At 30 April 2023

1,427

1,427

3

Investment properties

2024
£

At 1 May

299,414

Fair value adjustments

63,586

At 30 April

363,000

The fair value of the properties at 30th April 2024 has been arraived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £363,000 was arrived at by reference to the market evidence of transaction prices for similar proprties in the location the properties are situated.

There has been no valuation of investment property by an independent valuer.

 

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Debtors

Current

2024
£

2023
£

Prepayments

334

205

Other debtors

15,455

-

 

15,789

205

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

37

-

Accruals and deferred income

634

613

Other creditors

498

6,278

1,169

6,891

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

217,687

218,900

Other non-current financial liabilities

 

145,100

144,500

 

362,787

363,400