REGISTERED NUMBER: 15400827 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

MAGNATE PARTNERS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S T Akber

Mrs S Akhtar

Mr M Saeed

REGISTERED OFFICE:

66 High Street

Wordsley

Stourbridge

DY8 5SE

REGISTERED NUMBER:

15400827 (England and Wales)

ACCOUNTANTS:

MPS Accountancy Ltd

30 Greenbox

Westonhall Road

Stoke Prior

Bromsgrove

West Midlands

B60 4AL

INCORPORATED:

9th January 2024

FIXED ASSETS

Investment property

4

500,000

500,000

CURRENT ASSETS

Debtors

4,004

981

Cash at bank

11,404

3,306

15,408

4,287

CREDITORS

Amounts falling due within one year

200,637

480,554

NET CURRENT LIABILITIES

(185,229

)

(476,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

314,771

23,733

CREDITORS

Amounts falling due after more than one year

5

(282,941

)

-

PROVISIONS FOR LIABILITIES

7

(8,737

)

(7,155

)

NET ASSETS

23,093

16,578

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

46,926

46,926

Retained earnings

(23,933

)

(30,448

)

SHAREHOLDERS' FUNDS

23,093

16,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 June 2026 and were signed on its behalf by:

Mr S T Akber - Director

1.	STATUTORY INFORMATION

Magnate Partners 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.

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

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.

Financial instruments

The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties

Debtors

Short term debtors are measured at transaction price, 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 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 30 April 2026

500,000

NET BOOK VALUE

At 30 April 2026

500,000

At 30 April 2025

500,000

The company's investment property with a carrying value of £500,000 (2025: £500,000) has been pledged as security in relation to the Paragon mortgage.

Fair value at 30 April 2026 is represented by:

£

Valuation in 2025

500,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.26

30.4.25

£

£

Repayable by instalments

Bank loans more 5 yr by instal

256,501

-

6.	SECURED DEBTS

The bank loan is secured by a legal mortgage over the company's investment property. The total carrying value of the secured liability at the year-end was £288,665. The property is held within tangible fixed assets at a carrying value of £500,000.

7.	PROVISIONS FOR LIABILITIES

30.4.26

30.4.25

£

£

Deferred tax

8,737

7,155

Deferred

tax

£

Balance at 1 May 2025

7,155

Movement

1,582

Balance at 30 April 2026

8,737

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Revaluatio

reserve

£

At 1 May 2025

and 30 April 2026

46,926