MAGNET CREATIVE DESIGN LIMITED

Company Information
for the year from 1 March 2024 to 28 February 2025


Director	RHIND, Neville Thomas


Company Secretary	RHIND, Bethan Nia


Registered Address	Summit House Unit 10, Waterside Court
	Albany Street
	Newport
	NP20 5NT


Registered Number	03461753 (England and Wales)

MAGNET CREATIVE DESIGN LIMITED

Statement of Financial Position
28 February 2025

	2025 £	2024 £

Fixed Assets	76	102

Current Assets	3,680	1,200
Creditors amounts falling due within one year	(54,129)	(47,544)
Net current assets (liabilities)	(50,449)	(46,344)

Total assets less current liabilities	(50,373)	(46,242)

Net assets (liabilities)	(50,373)	(46,242)
Capital and reserves	(50,373)	(46,242)

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 0 (previous period: 0).
Directors advances, credits and guarantees
The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end, the amount outstanding to the director was £42,765 (2024: £36,562); this amount being included in creditors: amounts falling within one year.

The financial statements were approved and authorised for issue by the Director on 20 November 2025, and are signed on its behalf by:

RHIND, Neville Thomas
Director
Registered Company No. 03461753