Company registration number: 06052650
Unaudited financial statements
for the year ended 31 January 2025
for
Magdalen And Cross Ltd
Pages for filing with the Registrar
Company registration number: 06052650
Magdalen And Cross Ltd
Balance sheet
as at 31 January 2025
2025 2024
£ £ £ £
Current assets
Debtors 322,412 326,858
Cash at bank and in hand 3 48
322,415 326,906
Creditors: amounts falling due within one
year 		(25,001) (26,197)
Net current assets 297,414 300,709
NET ASSETS 297,414 300,709
Capital and reserves
Called up share capital 2 2
Profit and loss account 297,412 300,707
TOTAL EQUITY 297,414 300,709
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06052650
Magdalen And Cross Ltd
Balance sheet - continued
as at 31 January 2025
The 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 October 2025 and signed on its behalf by:
Mrs S Coleman, Director
29 October 2025
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Magdalen And Cross Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Magdalen And Cross Ltd is a private company registered in England and Wales. Its registered number is 06052650. The company is limited by shares. Its registered office is C/O Metis Tax Limited, Castlemead, Bristol, BS1 3AG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
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Magdalen And Cross Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
4 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024.
2025 2024
£ £
Mrs S Coleman
Balance outstanding at start of year (1,571) (1,571)
Balance outstanding at end of year (1,571) (1,571)
The loan from Mrs Coleman to the company is interest free.
2025 2024
£ £
Dr M Elmore
Balance outstanding at start of year (22,000) (22,000)
Balance outstanding at end of year (22,000) (22,000)
The loan from Dr Elmore to the company is interest free.
5 Related party transactions
The company was not under the control of any one individual during the period.

The company has loaned monies to M G Property UK Limited during the year ended 31 January
2025. Mrs S Coleman, a director of the company, holds a controlling shareholding in the parent
company of M G Property UK Limited. The balance at 31 January 2025 was £166,728 (2024 -
£171,175). Interest was payable on the loan at an interest rate of 5% per annum. From 01 January 2024 the loan has been interest free. The accrued interest at 31 January 2025 is £155,684 (2024 - £155,684).

Loans from the directors are disclosed in note 4 to the accounts.
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