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Company Registration No. 14764785 (England and Wales)
Mag Developments (london) Ltd Unaudited accounts for the year ended 31 March 2025
Mag Developments (london) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mag Developments (london) Ltd Company Information for the year ended 31 March 2025
Director
NAQVI, Syed Manzar Abbas
Company Number
14764785 (England and Wales)
Registered Office
23a Dudden Hill Lane London NW10 2ET United Kingdom
Accountants
M A Associates 21a Dudden Hill Lane London NW10 2ET
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Mag Developments (london) Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Called up share capital not paid
- 
1 
Fixed assets
Tangible assets
4
3,040,081 
343,900 
Current assets
Cash at bank and in hand
13,497 
82,572 
Creditors: amounts falling due within one year
5
(195,316)
(191,900)
Net current liabilities
(181,819)
(109,328)
Total assets less current liabilities
2,858,262 
234,573 
Creditors: amounts falling due after more than one year
6
(2,002,501)
(238,839)
Net assets/(liabilities)
855,761 
(4,266)
Capital and reserves
Called up share capital
100 
1 
Capital contribution reserve
900,000 
- 
Profit and loss account
(44,339)
(4,267)
Shareholders' funds
855,761 
(4,266)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
NAQVI, Syed Manzar Abbas Director Company Registration No. 14764785
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Mag Developments (london) Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Mag Developments (london) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14764785. The registered office is 23a Dudden Hill Lane, London, NW10 2ET, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
343,900 
- 
343,900 
Additions
2,666,200 
29,981 
2,696,181 
At 31 March 2025
3,010,100 
29,981 
3,040,081 
Depreciation
At 31 March 2025
- 
- 
- 
Net book value
At 31 March 2025
3,010,100 
29,981 
3,040,081 
At 31 March 2024
343,900 
- 
343,900 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
3,000 
1,800 
Other creditors
- 
120,000 
Loans from directors
181,266 
70,100 
Accruals
11,050 
- 
195,316 
191,900 
- 5 -
Mag Developments (london) Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,002,501 
238,839 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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