Company Registration No. 15606928 (England and Wales)
MAGNA REALTY LTD
Unaudited accounts
for the year ended 31 March 2026
MAGNA REALTY LTD
Unaudited accounts
Contents
MAGNA REALTY LTD
Company Information
for the year ended 31 March 2026
Director
Geospin Freshnel Kiakia
Company Number
15606928 (England and Wales)
Registered Office
20 HUNSDON CLOSE
DAGENHAM
RM9 5BU
ENGLAND
Accountants
D K OBENG GROUP
120 DALMALLY ROAD
CROYDON
CR0 6LT
MAGNA REALTY LTD
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
195
100
Creditors: amounts falling due within one year
(506)
-
Net current (liabilities)/assets
(311)
100
Net (liabilities)/assets
(311)
100
Called up share capital
100
100
Profit and loss account
(411)
-
Shareholders' funds
(311)
100
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2026 and were signed on its behalf by
Geospin Freshnel Kiakia
Director
Company Registration No. 15606928
MAGNA REALTY LTD
Notes to the Accounts
for the year ended 31 March 2026
MAGNA REALTY LTD is a private company, limited by shares, registered in England and Wales, registration number 15606928. The registered office is 20 HUNSDON CLOSE, DAGENHAM, RM9 5BU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The Financial Statements have been prepared on a going concern basis, despite the company's balance sheet showing net liabilities of £311. This does not indicate that the company may be unable to continue trading. Based on the current forecasts the directors have indicated that they have the resources to make funds available to the company to enable it to meet its debts as and when they fall due for a period of at least twelve months from the date of approval of these financial statements and they are of the opinion that the going concern basis is appropriate.
4
Creditors: amounts falling due within one year
2026
2025
Loans from directors
506
-
5
Average number of employees
During the year the average number of employees was 0 (2025: 0).