Magna House Development Ltd

Magna House Development Ltd
Contents Page
For the year ended 31 May 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Magna House Development Ltd Accountants' Report For the year ended 31 May 2025
Accountants report You consider that the company is exempt from an audit for the year ended 31 May 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. aa Chartered Accountants 31 May 2025 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough United Kingdom PE1 2DU 24 September 2025 1

Magna House Development Ltd
Accountants' Report
For the year ended 31 May 2025

Accountants report
You consider that the company is exempt from an audit for the year ended 31 May 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
aa Chartered Accountants
31 May 2025

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
24 September 2025

1

Magna House Development Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	851,230	851,538
		851,230	851,538
Current assets
Debtors		26,200	8,745
Cash at bank and in hand		29,279	45,745
		55,479	54,490
Creditors: amount falling due within one year		(13,488)	(11,024)
Net current assets		41,991	43,466

Total assets less current liabilities		893,221	895,004
Creditors: amount falling due after more than one year		(842,011)	(852,472)
Provisions for liabilities		(9,202)	(9,261)
Net assets		42,008	33,271

Capital and reserves
Called up share capital	4	200	200
Revaluation Reserves		47,204	47,204
Profit and loss account		(5,396)	(14,133)
Shareholders' funds		42,008	33,271

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 24 September 2025 and were signed on its behalf by:

-------------------------------
Agata Talbot
Director

2

Magna House Development Ltd
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

Magna House Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 12004699, registration address Ground Floor, 16 Shirley Street, London, E16 1HU.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees including directors Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Investment properties	Total
	£	£	£
At 01 June 2024	2,740	850,000	852,740
Additions	-	-	-
Disposals	-	-	-
At 31 May 2025	2,740	850,000	852,740
Depreciation
At 01 June 2024	1,202	-	1,202
Charge for year	308	-	308
On disposals	-	-	-
At 31 May 2025	1,510	-	1,510
Net book values
Closing balance as at 31 May 2025	1,230	850,000	851,230
Opening balance as at 01 June 2024	1,538	850,000	851,538

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
200 Ordinary shares of £1.00 each	200		200
	200		200

5.

Related Party Transactions

During the year Coventry Road Cottages Ltd owed £23,700 (2024: £7,700) to the Company.

During the year AMT Properties Holdings (UK) Ltd owed £500 to the company.

During the year Trinity Property Holdings and Developments (UK) Ltd owed £500 to the company.

During the year Properties & Developments Holdings (UK) Ltd owed £1,222 to the company.

During the year Company owed £318,530 (2024: £318,530) to Mr Pretzels (UK) Retail Limited 04526364.

No interest has been charged on the loans.

3

Registered Number: 12004699
England and Wales
MAGNA HOUSE DEVELOPMENT LTD

Abridged Accounts

Period of accounts Start date: 01 June 2024 End date: 31 May 2025