Magnitude Estates Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 12793384

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		360,000		360,000

			360,000		360,000
CURRENT ASSETS
Debtors		4,563		4,575
Cash at bank and in hand		4,077		5,980

		8,640		10,555
Creditors: Amounts Falling Due Within One Year		(161,330 )		(199,194 )

NET CURRENT ASSETS (LIABILITIES)			(152,690 )		(188,639 )

TOTAL ASSETS LESS CURRENT LIABILITIES			207,310		171,361

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,254 )		(21,254 )

NET ASSETS			186,056		150,107

CAPITAL AND RESERVES
Called up share capital	5		3		3
Fair value reserve	6		63,762		63,762
Profit and Loss Account			122,291		86,342

SHAREHOLDERS' FUNDS			186,056		150,107

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Magnitude Estates Ltd

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Finnegan Pope-Carter

Director

27/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Magnitude Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12793384 . The registered office is 3 Captain Street, Bradford, BD1 4HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively."

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	360,000

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

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Magnitude Estates Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

6. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 September 2024	63,762	86,342
Profit for the year and total comprehensive income	-	35,949

As at 31 August 2025	63,762	122,291

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