Company Registration No. 10480408 (England and Wales)
MEGA PROPERTY LIMITED
Unaudited accounts
for the year ended 30 November 2023
MEGA PROPERTY LIMITED
Unaudited accounts
Contents
MEGA PROPERTY LIMITED
Company Information
for the year ended 30 November 2023
Company Number
10480408 (England and Wales)
Registered Office
17 LADYWELL HEIGHTS
CROFTON PARK ROAD
LONDON
SE4 1AU
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
MEGA PROPERTY LIMITED
Statement of financial position
as at 30 November 2023
Investment property
358,019
358,019
Cash at bank and in hand
3,519
2,342
Creditors: amounts falling due within one year
(160,697)
(160,384)
Net current liabilities
(121,242)
(122,106)
Total assets less current liabilities
237,622
237,040
Creditors: amounts falling due after more than one year
(256,837)
(256,838)
Net liabilities
(19,215)
(19,798)
Called up share capital
1
1
Profit and loss account
(19,216)
(19,799)
Shareholders' funds
(19,215)
(19,798)
For the year ending 30 November 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 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 29 December 2023 and were signed on its behalf by
Martin Mwaka
Director
Company Registration No. 10480408
MEGA PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
MEGA PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10480408. The registered office is 17 LADYWELL HEIGHTS, CROFTON PARK ROAD, LONDON, SE4 1AU, UNITED KINGDOM.
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 includes revenue earned from property rental and is recognised when receivable from the tenant.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
MEGA PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2022
358,019
At 30 November 2023
358,019
Amounts falling due within one year
Accrued income and prepayments
35,936
35,936
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
160,338
160,025
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
256,837
256,838
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).