Company Registration No. 06583207 (England and Wales)
No Magnolia Productions Limited
Unaudited accounts
for the year ended 31 May 2025
No Magnolia Productions Limited
Unaudited accounts
Contents
No Magnolia Productions Limited
Company Information
for the year ended 31 May 2025
Directors
Nicholas Hill
Louise Aimes-Hill
Company Number
06583207 (England and Wales)
Registered Office
Suite 8, 57 High Street
Ibstock
Leicestershire
LE67 6LH
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
No Magnolia Productions Limited
Statement of financial position
as at 31 May 2025
Tangible assets
2,424
2,797
Creditors: amounts falling due within one year
(24,609)
(33,311)
Net current liabilities
(6,111)
(2,107)
Total assets less current liabilities
(3,687)
690
Creditors: amounts falling due after more than one year
(2,622)
(7,658)
Net liabilities
(6,309)
(6,968)
Called up share capital
3
2
Profit and loss account
(6,312)
(6,970)
Shareholders' funds
(6,309)
(6,968)
For the year ending 31 May 2025 the company 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 directors acknowledge 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by
Nicholas Hill
Director
Company Registration No. 06583207
No Magnolia Productions Limited
Notes to the Accounts
for the year ended 31 May 2025
No Magnolia Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 06583207. The registered office is Suite 8, 57 High Street, Ibstock, Leicestershire, LE67 6LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The accounts have been prepared on a going concern basis which assumes the continuing support of the directors.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
379
4,608
4,987
At 31 May 2025
379
5,993
6,372
At 1 June 2024
185
2,005
2,190
Charge for the year
39
1,719
1,758
At 31 May 2025
224
3,724
3,948
At 31 May 2025
155
2,269
2,424
At 31 May 2024
194
2,603
2,797
No Magnolia Productions Limited
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
-
675
Other debtors
21,497
29,984
Amounts falling due after more than one year
Other debtors
(2,999)
(3,000)
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
23,522
23,916
Taxes and social security
(466)
2,004
7
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
18,443
-
5,940
12,503
The loan is interest free and repayable on demand, and is included in other debtors.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).