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REGISTERED NUMBER: 10719967 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Magna Assets Ltd

Magna Assets Ltd (Registered number: 10719967)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Accountants' Report | 6 |

Magna Assets Ltd

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | M Chittenden

| REGISTERED OFFICE: | Arle Court

| (Manor House)

| Hatherley Lane

| Cheltenham

| GL51 6PN

| REGISTERED NUMBER: | 10719967 (England and Wales)

| ACCOUNTANTS: | Cartwrights

| Chartered Accountants and Business Advisors

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

Magna Assets Ltd (Registered number: 10719967)

Balance Sheet

30 September 2025

| 30/9/25 | 30/9/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 1 |  | 1 |  |

Investment property | 5 | 900,254 |  | 900,254 |  |

900,255 |  | 900,255 |  |

CURRENT ASSETS

Debtors | 6 | 156,461 |  | 157,659 |  |

Cash at bank | 6,052 |  | 3,485 |  |

162,513 |  | 161,144 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,054,939 |  | 1,056,922 |  |

NET CURRENT LIABILITIES | (892,426 | ) | (895,778 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,829 |  | 4,477 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 7,729 |  | 4,377 |  |

7,829 |  | 4,477 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 31 March 2026 and were signed by:

M Chittenden - Director

Magna Assets Ltd (Registered number: 10719967)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Magna Assets 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.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 1 (2024 - 1 ) .

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 1 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1 |  |

| At 30 September 2024 | 1 |  |

Magna Assets Ltd (Registered number: 10719967)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024

| and 30 September 2025 | 900,254 |  |

| NET BOOK VALUE

| At 30 September 2025 | 900,254 |  |

| At 30 September 2024 | 900,254 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/9/25 |  | 30/9/24

£ | £ |

| Trade debtors | 29 |  | 29 |  |

| Amounts owed by group undertakings | 132,675 |  | 134,925 |  |

| Other debtors | 23,757 |  | 22,705 |  |

156,461 |  | 157,659 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/9/25 |  | 30/9/24

£ | £ |

| Trade creditors | 720 |  | 457 |  |

| Taxation and social security | - |  | 2,416 |  |

| Other creditors | 1,054,219 |  | 1,054,049 |  |

1,054,939 |  | 1,056,922 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30/9/25 |  | 30/9/24

£ | £ |

| Loan | 675,000 |  | 675,000 |  |

| The above loan is secured by a first legal mortgage over the company's investment property. It carries an interest rate fixed at 7% and is due for repayment on 30/9/2026.

Magna Assets Ltd (Registered number: 10719967)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company owed £12,006 (2024: £12,006) to Mr M Chittenden.

| Included in other debtors is an amount of £21,000 owed by Eastgate Street Limited, a company under common control of the director (2024: £21,000).

| Included in other creditors at the year end are the following amounts owing to companies controlled by the director, Mr M Chittenden;

|  | 2025 |  | 2024 |  |

| The Ordnance Depot Ltd |  | £8,050 |  | £8,050 |  |

| Manor Studios Ltd |  | £76,649 |  | £76,649 |  |

| The Royal Hotel (Essex) Ltd |  | £7,500 |  | £7,500 |  |

| Heritage Rocks Ltd |  | £250,000 |  | £250,000 |  |

| MRM47 Ltd |  | £2,700 |  | £3,958 |  |

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is M Chittenden.

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Magna Assets Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Magna Assets Ltd for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Magna Assets Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Magna Assets Ltd and state those matters that we have agreed to state to the director of Magna Assets Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Magna Assets Ltd and its director for our work or for this report.

It is your duty to ensure that Magna Assets Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Magna Assets Ltd. You consider that Magna Assets Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Magna Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

31 March 2026