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Registered Number: 13134848
England and Wales
Unaudited Financial Statements
for the year ended 31 January 2025
for
MAGNETIC PROPERTIES LIMITED

MAGNETIC PROPERTIES LIMITED ###### Statement of Financial Position As at 31 January 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |
Tangible fixed assets | 2 | 171,261 |  | -
Financial assets | 3 | 660,000 |  | 150,000
|  | 831,261 |  | 150,000
Current assets |  |
Debtors | 4 | 6,937 |  | -
Cash at bank and in hand |  | 7,984 |  | 211
|  | 14,921 |  | 211
Creditors: amount falling due within one year | 5 | (649,469) |  | (272,205)
Net current assets |  | (634,548) |  | (271,994)
Total assets less current liabilities |  | 196,713 |  | (121,994)
Creditors: amount falling due after more than one year | 6 | (270,871) |  | -
Accrued liabilities |  | - |  | (359)
Net assets |  | (74,158) |  | (122,353)
Capital and reserves |  |
Called up share capital |  | 100 |  | 100
Reserves | 7 | 120,000 |  | -
Profit and loss account | 8 | (194,258) |  | (122,453)
Shareholders fund |  | (74,158) |  | (122,353)
For the year ended 31 January 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 of the Companies Act 2006. 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 in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006. Signed on behalf of the board of directors:
---------------------------------- Nicola Louise Humphrey Director
Date approved: 16 October 2025 1

MAGNETIC PROPERTIES LIMITED ###### Notes to the Accounts For the year ended 31 January 2025
Statutory Information MAGNETIC PROPERTIES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 13134848, registration address 5 Grosvenor Place, Vale Road, Weybridge, KT13 9AG, United Kingdom. The presentation currency is £ sterling.
1. | Accounting Policies Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2. | Tangible fixed assets
Cost or Valuation |  | Improvements to property |  | Total
|  | £ |  | £
At 01 February 2024 |  | - |  | -
Additions |  | 171,261 |  | 171,261
At 31 January 2025 |  | 171,261 |  | 171,261
Depreciation
At 01 February 2024 |  | - |  | -
At 31 January 2025 |  | - |  | -
Net book values
Closing balance as at 31 January 2025 |  | 171,261 |  | 171,261
Opening balance as at 01 February 2024 |  | - |  | -
3. | Financial assets
Cost or Valuation |  | Investment in property |  | Total
|  | £ |  | £
At 01 February 2024 |  | 150,000 |  | 150,000
Additions |  | 390,000 |  | 390,000
Revaluations |  | 120,000 |  | 120,000
At 31 January 2025 |  | 660,000 |  | 660,000
Depreciation
At 01 February 2024 |  | - |  | -
At 31 January 2025 |  | - |  | -
Net book values
At 31 January 2025 |  | 660,000 |  | 660,000
At 01 February 2024 |  | 150,000 |  | 150,000
4. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Other debtors | 1 |  | -
Loan - Harriet James Property Ltd | 6,936 |  | -
| 6,937 |  | -
5. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Loan - Vivien Flynn | 10,108 |  | 10,108
Loan - Billy Turriff | 70,000 |  | 99,500
Loan - E Jenkins | 5,000 |  | 5,000
Loan - K Flynn | 40,000 |  | 40,000
Loan - P Bowden | 10,000 |  | 10,000
Loan - Davinder Joshi | 20,000 |  | -
Loan - Irene Nalubwama | 20,001 |  | -
Loan - J Rehal | 40,000 |  | -
Loan - R Bashir | 20,000 |  | -
Loan - S&N Mistry | 50,000 |  | -
Loan - Sara Watt | 20,000 |  | -
Loan- Roma Finance 18S | 111,000 |  | -
Loan - SSAS | 110,000 |  | -
Directors' current account | 123,360 |  | 107,597
| 649,469 |  | 272,205
6. | Creditors: amount falling due after more than one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Mortgage loan | 270,871 |  | -
| 270,871 |  | -
7. | Reserves
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Revaluation of fixed assets | 120,000 |  | -
| 120,000 |  | -
8. | Profit and loss account
| 2025 £
--- | ---
Balance at 01 February 2024 | (122,453)
Loss for the year | (71,805)
Balance at 31 January 2025 | (194,258)
9. | Average number of employees Average number of employees during the year were 2 (2024: 2).
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