REGISTERED NUMBER: 06050511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAGATA HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I R Clayton

Mr G D Lyon

SECRETARY:

Mrs S L Clayton

REGISTERED OFFICE:

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

REGISTERED NUMBER:

06050511 (England and Wales)

FIXED ASSETS

Tangible assets

4

648,948

664,176

Investments

5

180

180

649,128

664,356

CURRENT ASSETS

Debtors

6

88,974

54,649

Cash at bank

48,623

145,907

137,597

200,556

CREDITORS

Amounts falling due within one year

7

31,348

29,243

NET CURRENT ASSETS

106,249

171,313

TOTAL ASSETS LESS CURRENT LIABILITIES

755,377

835,669

PROVISIONS FOR LIABILITIES

12,931

13,271

NET ASSETS

742,446

822,398

CAPITAL AND RESERVES

Called up share capital

8

190

190

Revaluation reserve

9

171,087

174,383

Capital redemption reserve

10

10

Retained earnings

571,159

647,815

SHAREHOLDERS' FUNDS

742,446

822,398

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr I R Clayton - Director

Mr G D Lyon - Director

1.	STATUTORY INFORMATION

Magata Holdings Limited 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest GB Pound (£).

Turnover

Turnover represents net invoiced rental income and sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold buildings

- 2% on cost

Freehold land is not depreciated

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

786,000

DEPRECIATION

At 1 April 2024

121,824

Charge for year

15,228

At 31 March 2025

137,052

NET BOOK VALUE

At 31 March 2025

648,948

At 31 March 2024

664,176

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2016

59,267

Cost

726,733

786,000

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

726,733

726,733

Aggregate depreciation

248,872

236,940

Value of land in freehold land and buildings

130,150

130,150

Freehold land and buildings were professionally valued on an open market value on 10 August 2016 and the directors consider this an appropriate valuation to use at 31 March 2025.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

180

NET BOOK VALUE

At 31 March 2025

180

At 31 March 2024

180

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

88,974

54,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

30,173

28,297

Other creditors

1,175

946

31,348

29,243

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

70

Ordinary A

£1

70

70

70

Ordinary B

£1

70

70

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

10

Ordinary F

£1

10

10

10

Ordinary G

£1

10

10

10

Ordinary H

£1

10

10

190

190

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

174,383

Charge for year

(3,296

)

At 31 March 2025

171,087

10.	DIRECTORS' ADVANCES

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

2025

2024

£

£

Mr G D Lyon

Balance outstanding at start of year

54,649

-

Amounts advanced

88,974

54,649

Amounts repaid

(54,649

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,974

54,649