Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 1 true 2024-04-01 No description of principal activity false 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13269774 2024-04-01 2025-03-31 13269774 2023-04-01 2024-03-31 13269774 2025-03-31 13269774 2024-03-31 13269774 c:Director1 2024-04-01 2025-03-31 13269774 c:RegisteredOffice 2024-04-01 2025-03-31 13269774 d:CurrentFinancialInstruments 2025-03-31 13269774 d:CurrentFinancialInstruments 2024-03-31 13269774 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13269774 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13269774 d:ShareCapital 2025-03-31 13269774 d:ShareCapital 2024-03-31 13269774 d:RetainedEarningsAccumulatedLosses 2025-03-31 13269774 d:RetainedEarningsAccumulatedLosses 2024-03-31 13269774 c:FRS102 2024-04-01 2025-03-31 13269774 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13269774 c:FullAccounts 2024-04-01 2025-03-31 13269774 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company registration number: 13269774
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MARCH 2025
| MAGNA HORSES LIMITED
MAGNA HORSES LIMITED |  |
COMPANY INFORMATION
Director | A W A D Corrie-Deane
Registered number | 13269774
Registered office | Richmond House
| Walkern Road
| Stevenage
| Hertfordshire
| SG1 3QP
Accountants | Menzies LLP
| Chartered Accountants
| Richmond House
| Walkern Road
| Stevenage
| Hertfordshire
| SG1 3QP
MAGNA HORSES LIMITED |  |
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 5
MAGNA HORSES LIMITED REGISTERED NUMBER:13269774 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 25,000 |  | 32,474 |
Debtors: amounts falling due within one year | 4 | 1,549 |  | 370 |
Cash at bank and in hand |  | 1 |  | 634 |
|  | 26,550 |  | 33,478 |
Creditors: amounts falling due within one year | 5 | (63,385) |  | (54,030) |
Net current liabilities |  |  | (36,835) |  | (20,552)
Total assets less current liabilities |  |  | (36,835) |  | (20,552)
Net liabilities |  |  | (36,835) |  | (20,552)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (36,836) |  | (20,553)
|  |  | (36,835) |  | (20,552)
Page 1
MAGNA HORSES LIMITED REGISTERED NUMBER:13269774 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ A W A D Corrie-Deane
Director
Date: 13 October 2025
The notes on pages 3 to 5 form part of these financial statements. Page 2
MAGNA HORSES LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Magna Horses Limited is a private company, limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency in the financial statements is the Pound Sterling (£). 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The director has undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
MAGNA HORSES LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.6 | Financial instruments
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 1,549 | 370
|  | 1,549 | 370
Page 4
MAGNA HORSES LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 800
| Other creditors | 61,635 | 52,155
| Accruals and deferred income | 1,750 | 1,075
|  | 63,385 | 54,030
6. | Transactions with directors
At the balance sheet date the company owed £42,635 (2024: £33,155) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.
Page 5