REGISTERED NUMBER: 11194051 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Magic Touch Estates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M K Khanna

REGISTERED OFFICE:

354 Jersey Road

Osterley

Isleworth

Middlesex

TW7 5PL

REGISTERED NUMBER:

11194051 (England and Wales)

ACCOUNTANTS:

SK Associates Ltd

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

FIXED ASSETS

Tangible assets

4

2,379,677

2,328,710

CURRENT ASSETS

Debtors

5

12,979

16,570

Prepayments and accrued income

1,144

1,144

Cash at bank

14,004

41,915

28,127

59,629

CREDITORS

Amounts falling due within one year

6

1,036,574

1,003,988

NET CURRENT LIABILITIES

(1,008,447

)

(944,359

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,230

1,384,351

CREDITORS

Amounts falling due after more than one year

7

(493,442

)

(531,606

)

PROVISIONS FOR LIABILITIES

(133,378

)

(133,378

)

NET ASSETS

744,410

719,367

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

568,611

568,611

Retained earnings

175,699

150,656

744,410

719,367

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 director acknowledges his 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 director and authorised for issue on 22 December 2025 and were signed by:

M K Khanna - Director

1.	STATUTORY INFORMATION

Magic Touch Estates 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

2,328,710

Additions

50,967

At 31 March 2025

2,379,677

NET BOOK VALUE

At 31 March 2025

2,379,677

At 31 March 2024

2,328,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

12,979

16,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

50,388

44,358

Trade creditors

359

-

Taxation and social security

12,264

11,554

Other creditors

973,563

948,076

1,036,574

1,003,988

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

493,442

531,606

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

543,830

575,964

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

568,611

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M K Khanna

Balance outstanding at start of year

174,064

139,403

Amounts advanced

30,053

34,661

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

204,117

174,064

11.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors is a loans of £748,432 (2024 - £720,000) from a company under the common control of the director.These loans are unsecured and are repayable on demand.