REGISTERED NUMBER: 09138134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

MAGNUM BOURNEMOUTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T M Madden

Mr M P Madden

Mr J A Madden

Mrs A M Madden

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

09138134 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,157

2,538

Investment property

5

2,557,722

2,646,722

2,559,879

2,649,260

CURRENT ASSETS

Stocks

700,000

700,000

Debtors

6

249,081

249,081

Cash at bank and in hand

566,632

4,190

1,515,713

953,271

CREDITORS

Amounts falling due within one year

7

2,931,414

2,463,855

NET CURRENT LIABILITIES

(1,415,701

)

(1,510,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,144,178

1,138,676

CREDITORS

Amounts falling due after more than one year

8

(434,846

)

(464,962

)

PROVISIONS FOR LIABILITIES

(95,827

)

(119,809

)

NET ASSETS

613,505

553,905

CAPITAL AND RESERVES

Called up share capital

10

15

15

Fair value reserve

11

475,568

483,476

Retained earnings

11

137,922

70,414

SHAREHOLDERS' FUNDS

613,505

553,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

Mr M P Madden - Director

Mrs A M Madden - Director

1.	STATUTORY INFORMATION

Magnum Bournemouth Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Revenue comprises the fair value for the rental of properties and represents net invoice value less estimated rebates.

The company rents the use of its owned properties to customers under standard terms and conditions. In all cases revenue is recognised over the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

Investment property

Investment property is shown at the most recent valuation. The directors believe this represents the current market value of the properties.

Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Taxation

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

and 30 November 2025

13,698

DEPRECIATION

At 1 December 2024

11,160

Charge for year

381

At 30 November 2025

11,541

NET BOOK VALUE

At 30 November 2025

2,157

At 30 November 2024

2,538

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

2,646,722

Disposals

(89,000

)

At 30 November 2025

2,557,722

NET BOOK VALUE

At 30 November 2025

2,557,722

At 30 November 2024

2,646,722

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

2,557,722

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

2,022,125

2,103,217

Investment properties were valued on an open market basis on 30 November 2025 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

249,081

249,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,998

34,000

Taxation and social security

12,024

13,997

Other creditors

2,890,392

2,415,858

2,931,414

2,463,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

434,846

464,962

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

463,844

498,962

Bank loans are secured on the fixed assets owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15

Ordinary

£1

15

15

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

70,414

483,476

553,890

Profit for the year

59,600

59,600

Transfer

7,908

(7,908

)

-

At 30 November 2025

137,922

475,568

613,490

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £2,894,076 (2024: £2,421,736) to Magnum Care Limited, a company in which Mrs A M Madden and Mr M P Madden, directors of Magnum Bournemouth Limited, are directors and hold an interest.

At the year end an amount of £235,639 (2024 : £235,639) was owed from a company that the director has an interest in.

At the year end, an amount of £2,000 (2024 : £Nil) was owed to Welford Topco Limited, in which Mr MP Madden is also a director.