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REGISTERED NUMBER: 02723167 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MAGENTA PROPERTIES LIMITED

MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAGENTA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A J Egginton
Mrs S A Egginton
J A J Egginton
Miss A S Egginton





SECRETARY: Mrs S A Eggington





REGISTERED OFFICE: 1 Chew Lodge
Tunbridge Road
Chew Magna
Bristol
BS40 8SX





REGISTERED NUMBER: 02723167 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 486 964
Investment property 5 2,100,000 2,100,000
2,100,486 2,100,964

CURRENT ASSETS
Debtors 6 76,496 602,704
Cash at bank 264,183 30,990
340,679 633,694
CREDITORS
Amounts falling due within one year 7 (68,792 ) (128,030 )
NET CURRENT ASSETS 271,887 505,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,372,373

2,606,628

CREDITORS
Amounts falling due after more than one
year

8

(13,411

)

(23,486

)

PROVISIONS FOR LIABILITIES (181,108 ) (181,197 )
NET ASSETS 2,177,854 2,401,945

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 10 543,062 543,062
Retained earnings 1,634,788 1,858,879
SHAREHOLDERS' FUNDS 2,177,854 2,401,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





A J Egginton - Director


MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

MAGENTA PROPERTIES 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 2,299 5,197 11,968 19,464
DEPRECIATION
At 1 January 2024 2,032 4,816 11,652 18,500
Charge for year 66 96 316 478
At 31 December 2024 2,098 4,912 11,968 18,978
NET BOOK VALUE
At 31 December 2024 201 285 - 486
At 31 December 2023 267 381 316 964

MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,100,000
NET BOOK VALUE
At 31 December 2024 2,100,000
At 31 December 2023 2,100,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2023 724,082
Cost 1,375,918
2,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 76,496 602,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,923 59,848
Taxation and social security 269 62,137
Other creditors 8,600 6,045
68,792 128,030

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,411 23,486

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 73,334 83,334

The bank loan is secured on Homefield, 10 St Mary's Road, Portishead..

MAGENTA PROPERTIES LIMITED (REGISTERED NUMBER: 02723167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 543,062

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
A J Egginton
Balance outstanding at start of year 300,091 (496 )
Amounts advanced 97,412 391,856
Amounts repaid (359,283 ) (91,269 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,220 300,091

Mrs S A Egginton
Balance outstanding at start of year 301,184 (258 )
Amounts advanced 97,332 392,713
Amounts repaid (360,483 ) (91,271 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,033 301,184

J A J Egginton
Balance outstanding at start of year (1,050 ) (2,050 )
Amounts advanced - 2,000
Amounts repaid (500 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,550 ) (1,050 )

Miss A S Egginton
Balance outstanding at start of year (1,000 ) (9,740 )
Amounts advanced - 22,540
Amounts repaid (500 ) (13,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,500 ) (1,000 )

12. RELATED PARTY DISCLOSURES

The company is owned and controlled by its directors - Mr A J Egginton and Mrs S Egginton.