Magnificent Accountants Ltd

Magnificent Accountants Ltd
Statement of Financial Position
As at 31 October 2025

	2025		2024
	£	£	£	£
Fixed assets		35,013		1,694
Current assets	2,480		17,173
Creditors: amount falling due within one year	(56,094)		(25,700)
Net current assets		(53,614)		(8,527)
Total assets less current liabilities		(18,601)		(6,833)
Provisions for liabilities		1,383		(322)
Net assets		(17,218)		(7,155)


Capital and reserves		(17,218)		(7,155)

NOTES TO THE ACCOUNTS

General Information

Magnificent Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09247567, registration address 13 Lucas Avenue, London, E13 0QP.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.	Director’s loan

Director's transactions

During the year, the company owed to the director, Nandar Thet Tin, of £55,742 (2024: £25,123).

For the year ended 31 October 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 28 July 2026 and were signed by:

--------------------------------
Nandar Thet Tin
Director

Registered Number: 09247567
England and Wales
MAGNIFICENT ACCOUNTANTS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 November 2024 End date: 31 October 2025