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Magnolia Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

Registration number: 03217453


 

 

Magnolia Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3

 

Magnolia Management Limited

Company Information

Director

I G Rowcliffe

Registered office

Beechleigh
Meshaw
South Molton
DEVON
EX36 4NF

Accountants

Bick Accountants Ltd
Chartered Accountants52 Longbrook Street
EXETER
Devon
EX4 6AH

 

Magnolia Management Limited

(Registration number: 03217453)
Balance Sheet as at 31 December 2024

2024
£

2023
£

         

Fixed assets

 

2,521

 

2,521

Current assets

25,327

 

25,445

 

Prepayments and accrued income

1,755

 

1,500

 

Creditors: Amounts falling due within one year

(3,758)

 

(3,404)

 

Net current assets

 

23,324

 

23,541

Total assets less current liabilities

 

25,845

 

26,062

Accruals and deferred income

 

(900)

 

(900)

   

24,945

 

25,162

Capital and reserves

 

24,945

 

25,162

For the financial year ending 31 December 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 provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 May 2025
 

I G Rowcliffe
Director

   
     
 

Magnolia Management Limited

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Beechleigh
Meshaw
South Molton
DEVON
EX36 4NF

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are presented in pound sterling, the functional currency of the company, and are rounded to the nearest pound (£).

2

Staff numbers

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