REGISTERED NUMBER: 06615498 (England and Wales)

Abridged Financial Statements for the Year Ended 30th June 2026

for

Magic Whiteboard Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Westwood

Mrs N L Westwood

SECRETARY:

Mrs N L Westwood

REGISTERED OFFICE:

95c Blackpole West Industrial Estate

Worcester

Worcestershire

WR3 8TJ

REGISTERED NUMBER:

06615498 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,627

5,875

Investment property

6

1,214,000

1,209,827

1,218,627

1,215,702

CURRENT ASSETS

Stocks

43,505

49,856

Debtors

317,564

327,696

Cash at bank and in hand

97,185

95,970

458,254

473,522

CREDITORS

Amounts falling due within one year

56,334

96,905

NET CURRENT ASSETS

401,920

376,617

TOTAL ASSETS LESS CURRENT LIABILITIES

1,620,547

1,592,319

PROVISIONS FOR LIABILITIES

7

35,150

34,500

NET ASSETS

1,585,397

1,557,819

CAPITAL AND RESERVES

Called up share capital

53,337

53,337

Non-distributable reserve

8

102,056

98,883

Retained earnings

1,430,004

1,405,599

SHAREHOLDERS' FUNDS

1,585,397

1,557,819

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Balance Sheet for the year ended 30th June 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 14th October 2026 and were signed on its behalf by:

N Westwood - Director

1.	STATUTORY INFORMATION

Magic Whiteboard 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.

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.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

33% on reducing balance and 15% on reducing balance

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.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of ten years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2025

and 30th June 2026

20,000

AMORTISATION

At 1st July 2025

and 30th June 2026

20,000

NET BOOK VALUE

At 30th June 2026

-

At 30th June 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2025

and 30th June 2026

48,871

DEPRECIATION

At 1st July 2025

42,996

Charge for year

1,248

At 30th June 2026

44,244

NET BOOK VALUE

At 30th June 2026

4,627

At 30th June 2025

5,875

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2025

1,209,827

Revaluations

4,173

At 30th June 2026

1,214,000

NET BOOK VALUE

At 30th June 2026

1,214,000

At 30th June 2025

1,209,827

Included in fair value of investment property is freehold land of £ 206,549 (2025 - £ 206,549 ) which is not depreciated.

Fair value at 30th June 2026 is represented by:

£

Valuation in 2024

131,883

Valuation in 2026

4,173

Cost

1,077,944

1,214,000

If Investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

871,395

871,395

Investment property was valued on an open market basis on 30th June 2026 by the directors .

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

35,150

34,500

Deferred

tax

£

Balance at 1st July 2025

34,500

Provided during year

650

Balance at 30th June 2026

35,150

8.

RESERVES

Non-distributable

reserve

£

At 1st July 2025

98,883

Investment property

3,173

At 30th June 2026

102,056

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors is a loan from the directors, Mr N Westwood and Mrs N L Westwood. It is interest free.

10.	RELATED PARTY DISCLOSURES

Included within the accounts are loans to MW Land and Property Ltd and Crypto Owl Ltd, both companies have common directors and are registered in the United Kingdom. No interest is charged on this loan.