MAGIC DINER LTD

Company Registration Number:
12129353 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MAGIC DINER LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

MAGIC DINER LTD

Balance sheet

As at 31 October 2024


Notes

2024

15 months to 31 October 2023


£

£
Fixed assets
Tangible assets: 3 163,500 0
Total fixed assets: 163,500 0
Current assets
Stocks: 8,500 0
Debtors:   2,457 0
Cash at bank and in hand: 675,988 7
Total current assets: 686,945 7
Creditors: amounts falling due within one year: 4 (306,136) 0
Net current assets (liabilities): 380,809 7
Total assets less current liabilities: 544,309 7
Total net assets (liabilities): 544,309 7
Capital and reserves
Called up share capital: 12 7
Profit and loss account: 544,297 0
Shareholders funds: 544,309 7

The notes form part of these financial statements

MAGIC DINER LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 May 2025
and signed on behalf of the board by:

Name: Mr S B Lee
Status: Director

The notes form part of these financial statements

MAGIC DINER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration, received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from sale of goods is recognised when the significant risks and rewards of ownership have transferred to buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is provided at the rates calculated to write off the cost less residual value of each asset over its expected useful life as follows: Fixtures, fittings & equipment -25% reducing balance

MAGIC DINER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 15 months to 31 October 2023
Average number of employees during the period 16 0

MAGIC DINER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 0
Additions 218,000
At 31 October 2024 218,000
Depreciation
At 01 November 2023 0
Charge for year 54,500
At 31 October 2024 54,500
Net book value
At 31 October 2024 163,500
At 31 October 2023 0

MAGIC DINER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

Trade creditors 18257 Corporation tax 126932 Other tax 107649 Other creditors 53298