REGISTERED NUMBER: 08961949 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAGEJATO LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A L Field

Mr D C Field

REGISTERED OFFICE:

16 Goda Road

Littlehampton

BN17 6AS

REGISTERED NUMBER:

08961949 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House,

Glovers End

Bexhill

East Sussex

United Kingdom

TN39 5ES

FIXED ASSETS

Tangible assets

4

91

122

Investment property

5

619,585

615,490

619,676

615,612

CURRENT ASSETS

Cash at bank

205

14

CREDITORS

Amounts falling due within one year

6

6,205

4,375

NET CURRENT LIABILITIES

(6,000

)

(4,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

613,676

611,251

CREDITORS

Amounts falling due after more than one year

7

608,693

608,693

NET ASSETS

4,983

2,558

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,883

2,458

4,983

2,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 6 November 2025 and were signed on its behalf by:

Mrs A L Field - Director

1.	STATUTORY INFORMATION

Magejato 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

GOING CONCERN

The company's balance sheet shows a net deficit shareholders fund position. However, the directors' have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

The directors believe that there are no material uncertainties related to events or conditions that may cast significant doubt upon the company's ability to continue as a going concern.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on written down value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

1,401

DEPRECIATION

At 1 April 2024

1,279

Charge for year

31

At 31 March 2025

1,310

NET BOOK VALUE

At 31 March 2025

91

At 31 March 2024

122

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

615,490

Additions

4,095

At 31 March 2025

619,585

NET BOOK VALUE

At 31 March 2025

619,585

At 31 March 2024

615,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

576

195

Directors' current accounts

4,669

3,220

Accruals and deferred income

960

960

6,205

4,375

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

608,693

608,693

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

608,693

608,693