Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31false2023-04-01truetrueNo description of principal activity11false 13326076 2023-04-01 2024-03-31 13326076 2022-04-01 2023-03-31 13326076 2024-03-31 13326076 2023-03-31 13326076 c:CompanySecretary1 2023-04-01 2024-03-31 13326076 c:Director1 2023-04-01 2024-03-31 13326076 c:Director2 2023-04-01 2024-03-31 13326076 c:RegisteredOffice 2023-04-01 2024-03-31 13326076 d:Buildings 2024-03-31 13326076 d:Buildings 2023-03-31 13326076 d:CurrentFinancialInstruments 2024-03-31 13326076 d:CurrentFinancialInstruments 2023-03-31 13326076 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 13326076 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13326076 c:EntityHasNeverTraded 2023-04-01 2024-03-31 13326076 c:FRS102 2023-04-01 2024-03-31 13326076 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13326076 c:FullAccounts 2023-04-01 2024-03-31 13326076 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13326076 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 13326076










MAGENTA STORAGE (DC) LIMITED
UNAUDITED
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024




















 
MAGENTA STORAGE (DC) LIMITED
 
 
Company Information


Directors
L B Jones 
M G B Shaw 




Company secretary
C Wright



Registered number
13326076



Registered office
Brooklands Farm
Pepperbox Lane

Bramley

Guildford

GU5 0LW





 
MAGENTA STORAGE (DC) LIMITED
Registered number: 13326076

Balance sheet
As at 31 March 2024

2024
2023
£
£


Fixed assets
5,574,967
5,574,967

Current assets
124,965
124,965

Creditors: amounts falling due within one year
(5,798,209)
(5,798,209)

Net current liabilities
 
 
(5,673,244)
 
 
(5,673,244)

Total assets less current liabilities
(98,277)
(98,277)


Net liabilities
(98,277)
(98,277)



Capital and reserves
(98,277)
(98,277)


For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




L B Jones
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MAGENTA STORAGE (DC) LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

1.


General information

Magenta Storage (DC) Limited is a private company limited by share capital and incorporated in England and Wales. The company's registered office is Brooklands Farm Pepperbox Lane, Bramley, Guildford, Surrey, England, GU5 0LW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 2

 
MAGENTA STORAGE (DC) LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

3.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
5,574,967



At 31 March 2024

5,574,967






Net book value



At 31 March 2024
5,574,967



At 31 March 2023
5,574,967


4.


Debtors

2024
2023
£
£


Other debtors
124,343
124,343

124,343
124,343



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
622
622

622
622


Page 3

 
MAGENTA STORAGE (DC) LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
2,346,295
2,346,295

Other creditors
3,432,286
3,432,286

Accruals and deferred income
19,628
19,628

5,798,209
5,798,209



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
622
622



 
Page 4