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Registered number: 13326076
MAGENTA STORAGE (DC) LIMITED
UNAUDITED
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2026
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MAGENTA STORAGE (DC) LIMITED
Company Information
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MAGENTA STORAGE (DC) LIMITED
Registered number: 13326076
Balance sheet
As at 31 March 2026
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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MAGENTA STORAGE (DC) LIMITED
Registered number: 13326076
Balance sheet (continued)
As at 31 March 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 September 2026.
The notes on pages 3 to 5 form part of these financial statements.
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MAGENTA STORAGE (DC) LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
Magenta Storage (DC) Limited is a private company limited by share capital and incorporated in England and Wales. The company's registered office is Brooklands Farm Pepperbox Lane, Bramley, Guilford, Surrey, England, GU5 0LW.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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MAGENTA STORAGE (DC) LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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Revaluation of tangible fixed assets
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Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
Short-term 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.
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The average monthly number of employees, including directors, during the year was 2.
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MAGENTA STORAGE (DC) LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
4.Tangible fixed assets (continued)
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Freehold property is carried at fair value. The freehold property was valued by a third party firm of qualified valuers on an open market basis in May 2025, and in the Directors' opinion this has not materially changed at the balance sheet date.
The historical cost of the property is £5,858,303 (2025: £5,824,330).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Related party transactions
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The Company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members, where the group members are wholly owned.
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The ultimate parent undertaking is Magenta Storage Holdings Ltd, a company registered in England and Wales.
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