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REGISTERED NUMBER: 12231368 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Magia Limited

Magia Limited (Registered number: 12231368)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Magia Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Giovarruscio





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 12231368 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Magia Limited (Registered number: 12231368)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,038 3,575
Investments 5 85,000 85,000
88,038 88,575

CURRENT ASSETS
Debtors 6 40,750 34,538
Cash at bank 595 788
41,345 35,326
CREDITORS
Amounts falling due within one year 7 7,516 10,434
NET CURRENT ASSETS 33,829 24,892
TOTAL ASSETS LESS CURRENT LIABILITIES 121,867 113,467

PROVISIONS FOR LIABILITIES 982 1,116
NET ASSETS 120,885 112,351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,785 112,251
120,885 112,351

Magia Limited (Registered number: 12231368)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





M Giovarruscio - Director


Magia Limited (Registered number: 12231368)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Magia Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment- 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.


Magia Limited (Registered number: 12231368)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Magia Limited (Registered number: 12231368)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 October 2023 4,690
Additions 782
At 30 September 2024 5,472
DEPRECIATION
At 1 October 2023 1,115
Charge for year 1,319
At 30 September 2024 2,434
NET BOOK VALUE
At 30 September 2024 3,038
At 30 September 2023 3,575

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2023
and 30 September 2024 85,000
NET BOOK VALUE
At 30 September 2024 85,000
At 30 September 2023 85,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 40,750 34,538

Magia Limited (Registered number: 12231368)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 64 -
Taxation and social security 4,718 7,893
Other creditors 2,734 2,541
7,516 10,434

8. RELATED PARTY DISCLOSURES

Loans to related parties



Other related
parties


Total
2024 £ £
At start of period 25,968 25,968
Advanced 11,890 11,890
Repaid (4,193 ) (4,193 )
At end of period 33,665 33,665


Other related
party


Total
2023 £ £
At start of period 15,011 15,011
Advanced 13,000 13,000
Repaid (2,043 ) (2,043 )
At end of period 25,968 25,968

Loans to other related parties are interest free and repayable on demand.

Magia Limited (Registered number: 12231368)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RELATED PARTY DISCLOSURES - continued

Loans from related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 21 - 21
Advanced 5,962 - 5,962
Repaid (5,949 - (5,949 )
At end of period 34 - 34


Key
management

Other related
party


Total
2023 £ £ £
At start of period 243 1,000 1,243
Advanced 6,312 - 6,312
Repaid (6,534 (1,000 ) (7,534 )
At end of period 21 - 21

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.