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Registered number: 02872703
Magpie Investments (Stonham) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02872703
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 300,000 300,000
300,000 300,000
CURRENT ASSETS
Debtors 5 108,922 70,292
Cash at bank and in hand 1,749 10,993
110,671 81,285
Creditors: Amounts Falling Due Within One Year 6 (41,169 ) (32,586 )
NET CURRENT ASSETS (LIABILITIES) 69,502 48,699
TOTAL ASSETS LESS CURRENT LIABILITIES 369,502 348,699
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,976 ) (31,976 )
NET ASSETS 337,526 316,723
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 337,426 316,623
SHAREHOLDERS' FUNDS 337,526 316,723
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Mr Glenn Lebbon
Director
25/09/2026
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Magpie Investments (Stonham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02872703 . The registered office is Fitzroy House, Crown Street, Ipswich, Suffolk, IP1 3LG.
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 represents amounts chargeable in respect of rents. Rent is recognised as income in the accounts
period to which it relates.
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. Financial Instruments
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2024: 1)
1 1
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4. Investments
Other
£
Cost or Valuation
As at 1 January 2025 300,000
As at 31 December 2025 300,000
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 300,000
As at 1 January 2025 300,000
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 9,100 61,626
Due after more than one year
Amounts owed by participating interests 91,156 -
Other debtors 8,666 8,666
99,822 8,666
108,922 70,292
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 20,985 18,202
Taxation and social security 20,184 14,384
41,169 32,586
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Glenn Lebbon 52,526 - 52,526 - -
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