Acorah Software Products - Accounts Production 16.5.460 false true false 1 December 2023 30 November 2024 30 November 2024 15254750 Mrs Monika Justyna Sharma iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15254750 2023-11-30 15254750 2024-11-30 15254750 2023-12-01 2024-11-30 15254750 frs-core:Non-currentFinancialInstruments 2024-11-30 15254750 frs-core:FurnitureFittings 2023-12-01 2024-11-30 15254750 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 15254750 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 15254750 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 15254750 frs-core:PlantMachinery 2024-11-30 15254750 frs-core:PlantMachinery 2023-12-01 2024-11-30 15254750 frs-core:PlantMachinery 2023-11-30 15254750 frs-core:ShareCapital 2024-11-30 15254750 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 15254750 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 15254750 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 15254750 frs-bus:SmallEntities 2023-12-01 2024-11-30 15254750 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 15254750 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 15254750 frs-bus:Director1 2023-12-01 2024-11-30 15254750 frs-countries:EnglandWales 2023-12-01 2024-11-30
Registered number: 15254750
Magnolia Homes Pvt Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15254750
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 166,548
166,548
CURRENT ASSETS
Cash at bank and in hand 10
10
Creditors: Amounts Falling Due Within One Year 5 (603 )
NET CURRENT ASSETS (LIABILITIES) (593 )
TOTAL ASSETS LESS CURRENT LIABILITIES 165,955
Creditors: Amounts Falling Due After More Than One Year 6 (170,655 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,160 )
NET LIABILITIES (6,860 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (6,862 )
SHAREHOLDERS' FUNDS (6,860)
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Monika Justyna Sharma
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Magnolia Homes Pvt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15254750 . The registered office is East Wing Aberhafesp Hall, Aberhafesp, Newtown, SY16 3HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Reducing balance
Fixtures & Fittings 25% on Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.4. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost
As at 1 December 2023 - - -
Additions 157,910 11,507 169,417
As at 30 November 2024 157,910 11,507 169,417
Depreciation
As at 1 December 2023 - - -
Provided during the period - 2,869 2,869
As at 30 November 2024 - 2,869 2,869
Net Book Value
As at 30 November 2024 157,910 8,638 166,548
As at 1 December 2023 - - -
Cost or valuation as at 30 November 2024 represented by:
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 157,910 11,054 453 169,417
157,910 11,054 453 169,417
Investment properties are carried at historical cost. As at 30 November 2024, the properties are recorded at £135,653 together with capitalised improvements of £22,257. No revaluation has been performed, as the directors consider that the carrying amount continues to approximate the current market value.
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5. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 603
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Amounts owed to participating interests 170,655
7. Share Capital
2024
£
Allotted, Called up and fully paid 2
8. Related Party Transactions
Escalade Services Pvt LimitedParent companyAt year end, £170,655 was owed to the parent company, Escalade Services Pvt Limited (09124410), a loan repayable on demand.

Escalade Services Pvt Limited

Parent company

At year end, £170,655 was owed to the parent company, Escalade Services Pvt Limited (09124410), a loan repayable on demand.

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