MAGICNEST LIMITED

Company Registration Number:
01762042 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

MAGICNEST LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

MAGICNEST LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 2,347 2,776
Total fixed assets: 2,347 2,776
Current assets
Cash at bank and in hand: 164 326
Total current assets: 164 326
Creditors: amounts falling due within one year:   (30,008) (30,008)
Net current assets (liabilities): (29,844) (29,682)
Total assets less current liabilities: (27,497) (26,906)
Creditors: amounts falling due after more than one year:   (285,655) (285,655)
Total net assets (liabilities): (313,152) (312,561)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (313,252) (312,661)
Shareholders funds: (313,152) (312,561)

The notes form part of these financial statements

MAGICNEST LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 November 2025
and signed on behalf of the board by:

Name: Kevin Lynch
Status: Director

The notes form part of these financial statements

MAGICNEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoice sales of goods, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and equipment 25% Fixtures and equipment 15%

Valuation and information policy

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies are set out below.

Other accounting policies

As at 31 March 2025, the company's balance sheet reflected net current liabilities amounting to £30,008 and an insolvent position amounting to £313,152. However, included within creditors due within one year is £18,000 owed to companies that the directors and their family members have confirmed that they will not request repayment of these loans until such time as the company has returned to a solvent position. The directors are also of the opinion that sufficient funds will be available to settle creditors when they fall due for payment. Accordingly, the directors consider the going concern basis of preparation to be appropriate.

MAGICNEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

MAGICNEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 45,342
At 31 March 2025 45,342
Depreciation
At 01 April 2024 42,566
Charge for year 429
At 31 March 2025 42,995
Net book value
At 31 March 2025 2,347
At 31 March 2024 2,776