Magnum Lettings Ltd
Magnum Lettings Ltd
Registered number: 09630374
Unaudited Financial Statements
For The Year Ended 30 June 2023
Magnum Lettings Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Magnum Lettings Ltd
Balance Sheet
As At
30 June 2023
Balance Sheet
Registered number:
09630374
For the year ending 30 June 2023 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 directors acknowledge their 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.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment Properties | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Revaluation reserve | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 141,113 | 145,460 | |||
Magnum Lettings Ltd
Balance Sheet (continued)
As At
30 June 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Magnum Lettings Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2023
Notes to the Financial Statements
1.
General Information
Magnum Lettings Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
09630374
. The registered office is 32 Byron Hill Road, Harrow On The Hill, Middx, HA2 0HY.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income. Turnover is reduced for estimated rebates and other similar allowances.
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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
4.
Investment Property
| 2023 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 July 2022 and 30 June 2023 |
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5.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Other debtors (1) | - |
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| Other taxes and social security |
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other taxes and social security | - |
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| Net wages | 4,191 | 3,486 | |
| Other creditors |
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| Other creditors (2) |
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| Accruals and deferred income |
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| Directors' loan accounts | - |
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Magnum Lettings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2023
7.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Bank loans |
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9.
Reserves
| Revaluation Reserve | |
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| £ | |
| As at 1 July 2022 |
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| As at 30 June 2023 |
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