REGISTERED NUMBER: OC396365 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Trade Magic Projects LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs R M Munoz De Duckett

Mr M Popielec

REGISTERED OFFICE:

Cedar Croft

Hilliers Close

Sutton Courtenay

Abingdon

Oxfordshire

OX14 4AP

REGISTERED NUMBER:

OC396365 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

23,435

34,053

CURRENT ASSETS

Debtors

5

20,443

22,020

Cash at bank and in hand

11,482

478

31,925

22,498

CREDITORS

Amounts falling due within one year

6

7,236

9,188

NET CURRENT ASSETS

24,689

13,310

TOTAL ASSETS LESS CURRENT LIABILITIES

48,124

47,363

CREDITORS

Amounts falling due after more than one year

7

18,313

21,370

NET ASSETS ATTRIBUTABLE TO MEMBERS

29,811

25,993

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

29,811

25,993

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

29,811

25,993

Amounts due from members

5

(20,376

)

(18,316

)

9,435

7,677

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 December 2025 and were signed by:

Mrs R M Munoz De Duckett - Designated member

Mr M Popielec - Designated member

1.	STATUTORY INFORMATION

Trade Magic Projects LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The comparative figures presented in these financial statements relate to a reporting period of a different length from the current financial year. As a result, the amounts shown for the comparative period are not directly comparable with those of the current year.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

20% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 April 2024

16,548

66,190

1,031

83,769

Additions

-

-

308

308

Disposals

(3,554

)

(2,990

)

(590

)

(7,134

)

At 31 March 2025

12,994

63,200

749

76,943

DEPRECIATION

At 1 April 2024

8,537

40,777

402

49,716

Charge for year

1,093

6,192

89

7,374

Eliminated on disposal

(1,007

)

(2,344

)

(231

)

(3,582

)

At 31 March 2025

8,623

44,625

260

53,508

NET BOOK VALUE

At 31 March 2025

4,371

18,575

489

23,435

At 31 March 2024

8,011

25,413

629

34,053

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

3,521

Other debtors

20,443

18,499

20,443

22,020

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,057

4,250

Trade creditors

1,228

889

Other creditors

2,951

4,049

7,236

9,188

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

18,313

21,370

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

21,370

25,620

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank below other creditors in the event of a winding up of the LLP.