Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false true No description of principal activity 1 July 2023 30 June 2024 30 June 2024 10209888 Mr Adam Lawrence Mr Gavin Noblett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10209888 2023-06-30 10209888 2024-06-30 10209888 2023-07-01 2024-06-30 10209888 frs-core:CurrentFinancialInstruments 2024-06-30 10209888 frs-core:Non-currentFinancialInstruments 2024-06-30 10209888 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10209888 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10209888 frs-bus:Micro-entities 2023-07-01 2024-06-30 10209888 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10209888 frs-bus:Director1 2023-07-01 2024-06-30 10209888 frs-bus:Director2 2023-07-01 2024-06-30 10209888 2022-06-30 10209888 2023-06-30 10209888 2022-07-01 2023-06-30 10209888 frs-core:CurrentFinancialInstruments 2023-06-30 10209888 frs-core:Non-currentFinancialInstruments 2023-06-30
Registered number: 10209888
Magnet Property Investments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Chartered Accountants
Balance Sheet
Registered number: 10209888
2024 2023
£ £
Fixed assets 2,753,886 2,288,652
Current assets 6,967 161,613
Prepayments and accrued income - 34,253
Creditors: Amounts Falling Due Within One Year (1,242,112 ) (1,091,272 )
NET CURRENT LIABILITIES (1,235,145 ) (895,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,518,741 1,393,246
Creditors: Amounts Falling After More Than One Year (1,838,950 ) (1,626,813 )
Accruals and deferred income (2,075 ) (2,009 )
NET LIABILITIES (322,284 ) (235,576 )
CAPITAL AND RESERVES (322,284 ) (235,576 )

Notes

1. General Information
Magnet Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10209888 . The registered office is 63 Haslucks Green Road, Shirley, Solihull, West Midlands, B90 2ED.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,355,524 2,023,724
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For the year ending 30 June 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Adam Lawrence
Director
7th February 2025