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REGISTERED NUMBER: 11174623 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MAGNUM HOUSING (LICHFIELD) LTD

MAGNUM HOUSING (LICHFIELD) LTD (Registered number: 11174623)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


MAGNUM HOUSING (LICHFIELD) LTD

Company Information
for the Year Ended 31 March 2025







DIRECTOR: I M PORTER





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 11174623 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

MAGNUM HOUSING (LICHFIELD) LTD (Registered number: 11174623)

Report of the Director
for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

DIRECTOR
I M PORTER held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





I M PORTER - Director


1 May 2025

MAGNUM HOUSING (LICHFIELD) LTD (Registered number: 11174623)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2025

31/3/25 31/3/24
£    £   

TURNOVER - -

Cost of sales 8,358 16,540
GROSS LOSS (8,358 ) (16,540 )

Administrative expenses 47,620 42,073
(55,978 ) (58,613 )

Other operating income 78,449 82,452
OPERATING PROFIT 22,471 23,839


Interest payable and similar expenses 15,232 14,963
PROFIT BEFORE TAXATION 7,239 8,876

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 7,239 8,876

Retained earnings at beginning of year 21,677 12,801

RETAINED EARNINGS AT END OF YEAR 28,916 21,677

MAGNUM HOUSING (LICHFIELD) LTD (Registered number: 11174623)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 65,413 68,630

CREDITORS
Amounts falling due within one year 4 9,738 13,823
NET CURRENT ASSETS 55,675 54,807
TOTAL ASSETS LESS CURRENT LIABILITIES 55,675 54,807

CREDITORS
Amounts falling due after more than one year 5 26,758 33,129
NET ASSETS 28,917 21,678

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,916 21,677
SHAREHOLDERS' FUNDS 28,917 21,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:





I M PORTER - Director


MAGNUM HOUSING (LICHFIELD) LTD (Registered number: 11174623)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

MAGNUM HOUSING (LICHFIELD) LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade creditors 5 6
Tax (5,270 ) -
Directors' current accounts 13,053 11,897
Accrued expenses 1,950 1,920
9,738 13,823

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/25 31/3/24
£    £   
Bounce Back Loan 26,758 33,129