REGISTERED NUMBER: 15400827 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 9 JANUARY 2024 TO 30 APRIL 2025

FOR

MAGNATE PARTNERS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S T Akber

Mrs S Akhtar

Mr M Saeed

REGISTERED OFFICE:

66 High Street

Wordsley

Stourbridge

DY8 5SE

REGISTERED NUMBER:

15400827 (England and Wales)

ACCOUNTANTS:

MPS Accountancy Ltd

Unit S The Wallows

Industrial Estate

Fens Pool Avenue

Brierley Hill

DY5 1QA

INCORPORATED:

9th January 2024

FIXED ASSETS

Investment property

4

500,000

CURRENT ASSETS

Debtors

981

Cash at bank

3,306

4,287

CREDITORS

Amounts falling due within one year

480,554

NET CURRENT LIABILITIES

(476,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,733

PROVISIONS FOR LIABILITIES

5

7,155

NET ASSETS

16,578

CAPITAL AND RESERVES

Called up share capital

6

100

Revaluation reserve

7

46,926

Retained earnings

(30,448

)

SHAREHOLDERS' FUNDS

16,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

Mr S T Akber - Director

1.	STATUTORY INFORMATION

Magnate Partners Ltd 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.

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.

Taxation

Taxation for the period 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 period 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.

Financial instruments

The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

445,919

Revaluations

54,081

At 30 April 2025

500,000

NET BOOK VALUE

At 30 April 2025

500,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

445,919

Cost

54,081

500,000

5.	PROVISIONS FOR LIABILITIES

£

Deferred tax

7,155

Deferred

tax

£

Movement

7,155

Balance at 30 April 2025

7,155

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

7.

RESERVES

Revaluation

reserve

£

Transfer to revaluation

reserve

46,926

At 30 April 2025

46,926