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Company Registration No. 09922085 (England and Wales)
MAGICAL CREATIONS LIMITED Unaudited accounts for the year ended 31 December 2024
MAGICAL CREATIONS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MAGICAL CREATIONS LIMITED Company Information for the year ended 31 December 2024
Directors
Dr Sumit Sharma Mrs Pallavi Sharma Sumit Sharma Pallavi Sharma
Company Number
09922085 (England and Wales)
Registered Office
57 PARK DRIVE LONDON W3 8ND ENGLAND
Accountants
Shahzad Khan Suite 4, Unimix House Business Centre Abbey Road, Park Royal London NW10 7TR
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MAGICAL CREATIONS LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
2,120,000 
Investment property
5
1,910,000 
- 
1,910,000 
2,120,000 
Current assets
Debtors
6
650 
650 
Cash at bank and in hand
3,135 
14,729 
3,785 
15,379 
Creditors: amounts falling due within one year
7
(33,186)
(49,661)
Net current liabilities
(29,401)
(34,282)
Total assets less current liabilities
1,880,599 
2,085,718 
Creditors: amounts falling due after more than one year
8
(1,827,609)
(2,032,453)
Net assets
52,990 
53,265 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
52,890 
53,165 
Shareholders' funds
52,990 
53,265 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Mrs Pallavi Sharma Director Company Registration No. 09922085
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MAGICAL CREATIONS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MAGICAL CREATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09922085. The registered office is 57 PARK DRIVE, LONDON, W3 8ND, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,120,000 
Transfer to investment property
(2,120,000)
At 31 December 2024
- 
Depreciation
At 31 December 2024
- 
Net book value
At 31 December 2024
- 
At 31 December 2023
2,120,000 
5
Investment property
2024 
£ 
Disposals
(210,000)
Transfers from tangible fixed assets
2,120,000 
At 31 December 2024
1,910,000 
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MAGICAL CREATIONS LIMITED Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
650 
650 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,188 
22,188 
Taxes and social security
172 
3,248 
Other creditors
30,826 
24,225 
33,186 
49,661 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,667 
26,667 
Other creditors
1,428,000 
1,561,200 
Loans from directors
382,942 
444,586 
1,827,609 
2,032,453 
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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