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Company Registration No. 11535652 (England and Wales)
Magdalen Sutton Ltd Unaudited accounts for the year ended 30 June 2024
Magdalen Sutton Ltd Unaudited accounts Contents
Page
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Magdalen Sutton Ltd Company Information for the year ended 30 June 2024
Director
Tallat Mukhtar
Company Number
11535652 (England and Wales)
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Magdalen Sutton Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Magdalen Sutton Ltd for the year ended 30 June 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants 31 March 2025
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Magdalen Sutton Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,980 
60,490 
Current assets
Debtors
171,958 
171,958 
Cash at bank and in hand
173,872 
676,660 
345,830 
848,618 
Creditors: amounts falling due within one year
535,913 
66,698 
Net current assets
881,743 
915,316 
Total assets less current liabilities
936,723 
975,806 
Creditors: amounts falling due after more than one year
(225,817)
(309,818)
Provisions for liabilities
Deferred tax
(3,326)
(10,420)
Net assets
707,580 
655,568 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
707,570 
655,558 
Shareholders' funds
707,580 
655,568 
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 director acknowledges his 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 and authorised for issue on 31 March 2025 and were signed on its behalf by
Tallat Mukhtar Director Company Registration No. 11535652
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Magdalen Sutton Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Magdalen Sutton Ltd is a private company, limited by shares, registered in England and Wales, registration number 11535652.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Other tangible fixed assets
25%
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
86,590 
30,929 
31,820 
149,339 
Additions
- 
- 
34,554 
34,554 
At 30 June 2024
86,590 
30,929 
66,374 
183,893 
Depreciation
At 1 July 2023
66,386 
10,954 
11,509 
88,849 
Charge for the year
17,318 
7,732 
15,014 
40,064 
At 30 June 2024
83,704 
18,686 
26,523 
128,913 
Net book value
At 30 June 2024
2,886 
12,243 
39,851 
54,980 
At 30 June 2023
20,204 
19,975 
20,311 
60,490 
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Magdalen Sutton Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
171,958 
171,958 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
102,769 
Taxes and social security
31,769 
340,039 
Loans from directors
(570,646)
(509,506)
Accruals
2,964 
- 
(535,913)
(66,698)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,276 
19,276 
Amounts owed to group undertakings and other participating interests
174,486 
258,487 
Other creditors
32,055 
32,055 
225,817 
309,818 
8
Loans to directors
Director received an interest free loan of £560,646 during the year, which will be paid back to the company within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 28 (2023: 28).
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