Registration number: 12617625

Mage Property Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Mage Property Ltd

Company Information

Director

Mr Matthew George Hopkins

Registered office

1 Market Hill Calne Wiltshire SN11 0BT

Mage Property Ltd

(Registration number: 12617625)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	476	951
Investment property	5	368,000	363,000
		368,476	363,951
Current assets
Debtors	6	16,575	15,789
Cash at bank and in hand		15,256	9,392
		31,831	25,181
Creditors: Amounts falling due within one year	7	(1,444)	(1,169)
Net current assets		30,387	24,012
Total assets less current liabilities		398,863	387,963
Creditors: Amounts falling due after more than one year	7	(366,571)	(362,787)
Provisions for liabilities		(11,324)	(10,374)
Net assets		20,968	14,802
Capital and reserves
Called up share capital		500	500
Revaluation reserve		48,275	44,225
Retained earnings		(27,807)	(29,923)
Shareholders' funds		20,968	14,802

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 6 January 2026
 

Mage Property Ltd

(Registration number: 12617625)
Balance Sheet as at 30 April 2025 (continued)

......................................... Mr Matthew George Hopkins Director

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 6 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2024	1,903	1,903
At 30 April 2025	1,903	1,903
Depreciation
At 1 May 2024	952	952
Charge for the year	475	475
At 30 April 2025	1,427	1,427
Carrying amount
At 30 April 2025	476	476
At 30 April 2024	951	951

5	Investment properties

	2025 £
At 1 May	363,000
Fair value adjustments	5,000
At 30 April	368,000

The fair value of the properties at the year end has been arraived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The value was arrived at by reference to the market evidence of transaction prices for similar proprties in the location the properties are situated.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Mage Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

6	Debtors (continued)

Current	2025 £	2024 £
Prepayments	340	334
Other debtors	16,235	15,455
	16,575	15,789

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	37
Accruals and deferred income	634	634
Other creditors	810	498
	1,444	1,169

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		221,471	217,687
Other non-current financial liabilities		145,100	145,100
		366,571	362,787