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Registered number: 10567828

Mazel Property Investments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2022

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Mazel Property Investments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2022
DIRECTORS
Nathan Tager
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10567828
BANKERS
Lloyds
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Mazel Property Investments Limited

ACCOUNTS
FOR THEYEARENDED31/01/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mazel Property Investments Limited

BALANCE SHEET AT 31/01/2022
20222021
Notes££
FIXED ASSETS
Tangible assets1,444,210765,520
CURRENT ASSETS
Debtors45,50011,000
Cash at bank and in hand2,4408,747
7,94019,747
CREDITORS: Amounts falling due within one year51,435,264780,439
NET CURRENT LIABILITIES(1,427,324)(760,692)
TOTAL ASSETS LESS CURRENT LIABILITIES16,8864,828
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account16,7864,728
SHAREHOLDERS' FUNDS16,8864,828
For the year ending 31/01/2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/08/2022 and signed on their behalf by
.............................
Nathan Tager
Director

Mazel Property Investments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Property Provisions
Where properties are no longer utilised in the business a provision is recorded if the future expected cash outflows exceed any inflow from rental income The provision is discounted in line with the requirements of FRS12.
2. EMPLOYEES
20222021
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/2021765,520765,520
Additions678,690678,690
At 31/01/20221,444,2101,444,210

Mazel Property Investments Limited

4. DEBTORS 20222021
££
Amounts falling due within one year
Prepayments5,50011,000
5,50011,000
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax2,8281,109
Trade creditors6001,022
Other creditors1,431,136777,708
Accruals700600
1,435,264780,439
6. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. CONTROLLING PARTY
The company is controlled by Nathan Tager, the director, by virtue of the fact that, together with his spouse, he owns 100% of the company's issued and called up, voting share capital.
8. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by Mazel Trading Limited. The loans are interest free and repayable on demand. Mazel Trading Limited and Mazel Property Investments Limited are under common control. At the year end, the balance owed to Mazel Trading Limited totalled £1,234,080 (2021: £759,080).