Magpie Acquisitions Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 11138093 (England and Wales)
Magpie Acquisitions Limited
Company Information
Director
Mr A Dolman
Company number
11138093
Registered office
78 Castelnau
London
United Kingdom
SW13 9EX
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Magpie Acquisitions Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 8
Magpie Acquisitions Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,677
1,010
Investments
5
1,101,751
1,063,218
1,104,428
1,064,228
Current assets
Debtors
6
2,421,169
375,632
Cash at bank and in hand
328,923
2,343,398
2,750,092
2,719,030
Creditors: amounts falling due within one year
7
(19,536)
(49,134)
Net current assets
2,730,556
2,669,896
Total assets less current liabilities
3,834,984
3,734,124
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
3,834,983
3,734,123
Total equity
3,834,984
3,734,124

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 December 2025
Mr A Dolman
Director
Company Registration No. 11138093
Magpie Acquisitions Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

Magpie Acquisitions Limited is a private company limited by shares domiciled and incorporated in England and Wales. The registered office is 78 Castelnau, London, United Kingdom, SW13 9EX.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight-line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Fixed asset investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 4
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 5
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 6
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
143,220
183,101
Adjustments in respect of prior periods
-
0
(157,159)
Total current tax
143,220
25,942
4
Tangible fixed assets
Computers
£
Cost
At 1 April 2024
12,098
Additions
2,790
At 31 March 2025
14,888
Depreciation and impairment
At 1 April 2024
11,088
Depreciation charged in the year
1,123
At 31 March 2025
12,211
Carrying amount
At 31 March 2025
2,677
At 31 March 2024
1,010
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,101,751
1,063,218

Fixed asset investments includes artwork purchased by the company that is held at cost and an investment portfolio of listed investments held at fair value. The historical cost of the investment portfolio is £846,832.

Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
5
Fixed asset investments
(Continued)
Page 7
Movements in fixed asset investments
Investments
Artwork
Total
£
£
£
Cost or valuation
At 1 April 2024
932,600
130,618
1,063,218
Additions
-
20,541
20,541
Valuation changes
17,992
-
17,992
At 31 March 2025
950,592
151,159
1,101,751
Carrying amount
At 31 March 2025
950,592
151,159
1,101,751
At 31 March 2024
932,600
130,618
1,063,218
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
44,167
-
0
Corporation tax recoverable
20,500
-
0
Other debtors
2,356,502
331,465
Prepayments and accrued income
-
0
44,167
2,421,169
375,632
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,508
17,242
Corporation tax
-
0
25,942
Other taxation and social security
1,778
-
0
Accruals and deferred income
6,250
5,950
19,536
49,134
Magpie Acquisitions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 8
8
Called up share capital
2025
2024
£
£
Issued and fully paid
1 Ordinary share of £1 each
1
1
1
1
9
Related party transactions

During the year dividends of £325,000 (2024: £100,000) we re paid to the director.

Included within other debtors is a loan due from the director in the sum of £2,348,336 (2024: £324,120). The loan is unsecured, interest free and was repaid within 9 months from the balance sheet date.

Also included within other debtors is a loan in the sum of £5,000 (2024: £5,000) due from a company connected by way of common ownership and control. The loan is unsecured, interest free, and repayable on demand.

2025-03-31 2024-04-01 false false false 05 December 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A Dolman 11138093 2024-04-01 2025-03-31 11138093 bus:Director1 2024-04-01 2025-03-31 11138093 bus:RegisteredOffice 2024-04-01 2025-03-31 11138093 2025-03-31 11138093 2024-03-31 11138093 core:ComputerEquipment 2025-03-31 11138093 core:ComputerEquipment 2024-03-31 11138093 core:CurrentFinancialInstruments 2025-03-31 11138093 core:CurrentFinancialInstruments 2024-03-31 11138093 core:ShareCapital 2025-03-31 11138093 core:ShareCapital 2024-03-31 11138093 core:RetainedEarningsAccumulatedLosses 2025-03-31 11138093 core:RetainedEarningsAccumulatedLosses 2024-03-31 11138093 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11138093 core:ShareCapitalOrdinaryShareClass1 2024-03-31 11138093 core:ShareCapitalOrdinaryShares 2025-03-31 11138093 core:ShareCapitalOrdinaryShares 2024-03-31 11138093 core:ComputerEquipment 2024-04-01 2025-03-31 11138093 2023-04-01 2024-03-31 11138093 core:UKTax 2024-04-01 2025-03-31 11138093 core:UKTax 2023-04-01 2024-03-31 11138093 core:ComputerEquipment 2024-03-31 11138093 core:Non-currentFinancialInstruments 2024-03-31 11138093 bus:OrdinaryShareClass1 2025-03-31 11138093 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11138093 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11138093 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11138093 bus:FRS102 2024-04-01 2025-03-31 11138093 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11138093 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP