Mozpoz Limited 09945517 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 09945517 2022-04-01 2023-03-31 09945517 2023-03-31 09945517 bus:OrdinaryShareClass1 2023-03-31 09945517 bus:OrdinaryShareClass2 2023-03-31 09945517 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 09945517 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 09945517 core:CurrentFinancialInstruments 2023-03-31 09945517 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09945517 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09945517 core:FurnitureFittingsToolsEquipment 2023-03-31 09945517 core:MotorVehicles 2023-03-31 09945517 bus:SmallEntities 2022-04-01 2023-03-31 09945517 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09945517 bus:FullAccounts 2022-04-01 2023-03-31 09945517 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09945517 bus:RegisteredOffice 2022-04-01 2023-03-31 09945517 bus:Director1 2022-04-01 2023-03-31 09945517 bus:Director2 2022-04-01 2023-03-31 09945517 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09945517 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09945517 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09945517 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 09945517 core:MotorVehicles 2022-04-01 2023-03-31 09945517 countries:EnglandWales 2022-04-01 2023-03-31 09945517 2022-03-31 09945517 core:FurnitureFittingsToolsEquipment 2022-03-31 09945517 core:MotorVehicles 2022-03-31 09945517 2021-04-01 2022-03-31 09945517 2022-03-31 09945517 bus:OrdinaryShareClass1 2022-03-31 09945517 bus:OrdinaryShareClass2 2022-03-31 09945517 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-03-31 09945517 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-03-31 09945517 core:CurrentFinancialInstruments 2022-03-31 09945517 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09945517 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 09945517 core:FurnitureFittingsToolsEquipment 2022-03-31 09945517 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09945517

Mozpoz Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Mozpoz Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Mozpoz Limited

Company Information

Directors

Mr W S Morrison

Ms N Recio

Registered office

The Old Rectory
Streat Lane
Streat
West Sussex
BN6 8RX

Accountants

Blackman Terry Accountants Ltd
Certified Accountants
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

Mozpoz Limited

(Registration number: 09945517)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

27,308

36,598

Investment property

5

2,226,466

2,226,466

 

2,253,774

2,263,064

Current assets

 

Debtors

6

1,491

3,301

Cash at bank and in hand

 

95,174

26,820

 

96,665

30,121

Creditors: Amounts falling due within one year

7

(2,193,548)

(2,192,285)

Net current liabilities

 

(2,096,883)

(2,162,164)

Total assets less current liabilities

 

156,891

100,900

Creditors: Amounts falling due after more than one year

7

(37,886)

-

Net assets

 

119,005

100,900

Capital and reserves

 

Called up share capital

8

40

40

Retained earnings

118,965

100,860

Shareholders' funds

 

119,005

100,900

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

 

Mozpoz Limited

(Registration number: 09945517)
Balance Sheet as at 31 March 2023

.........................................
Ms N Recio
Director

 

Mozpoz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Rectory
Streat Lane
Streat
West Sussex
BN6 8RX

These financial statements were authorised for issue by the Board on 25 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mozpoz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Mozpoz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Mozpoz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

1,123

85,300

86,423

At 31 March 2023

1,123

85,300

86,423

Depreciation

At 1 April 2022

562

49,263

49,825

Charge for the year

281

9,009

9,290

At 31 March 2023

843

58,272

59,115

Carrying amount

At 31 March 2023

280

27,028

27,308

At 31 March 2022

561

36,037

36,598

5

Investment properties

2023
£

At 1 April

2,226,466

At 31 March

2,226,466

There has been no valuation of investment property by an independent valuer.

6

Debtors

2023
£

2022
£

Other debtors

500

500

Prepayments

991

2,801

1,491

3,301

 

Mozpoz Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

3,307

44,318

Taxation and social security

 

6,426

1,805

Accruals and deferred income

 

11,314

3,870

Other creditors

 

2,172,501

2,142,292

 

2,193,548

2,192,285

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

37,886

-

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £0.10 each

200

20

200

20

Ordinary B of £0.10 each

200

20

200

20

 

400

40

400

40

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

37,886

-

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

3,307

44,318