IRIS Accounts Production v24.2.0.383 11542764 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115427642022-12-31115427642023-12-31115427642023-01-012023-12-31115427642021-12-31115427642022-01-012022-12-31115427642022-12-3111542764ns15:EnglandWales2023-01-012023-12-3111542764ns14:PoundSterling2023-01-012023-12-3111542764ns10:Director12023-01-012023-12-3111542764ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111542764ns10:SmallEntities2023-01-012023-12-3111542764ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111542764ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111542764ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111542764ns10:FullAccounts2023-01-012023-12-3111542764ns10:RegisteredOffice2023-01-012023-12-3111542764ns5:CurrentFinancialInstruments2023-12-3111542764ns5:CurrentFinancialInstruments2022-12-3111542764ns5:Non-currentFinancialInstruments2023-12-3111542764ns5:Non-currentFinancialInstruments2022-12-3111542764ns5:ShareCapital2023-12-3111542764ns5:ShareCapital2022-12-3111542764ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3111542764ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3111542764ns5:RetainedEarningsAccumulatedLosses2023-12-3111542764ns5:RetainedEarningsAccumulatedLosses2022-12-3111542764ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111542764ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111542764ns5:Secured2023-12-3111542764ns5:Secured2022-12-3111542764ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31115427641ns10:Director12022-12-31115427641ns10:Director12021-12-31115427641ns10:Director12023-01-012023-12-31115427641ns10:Director12022-01-012022-12-31115427641ns10:Director12023-12-31115427641ns10:Director12022-12-31
REGISTERED NUMBER: 11542764 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

MOZZO WORLD LIMITED

MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOZZO WORLD LIMITED

Company Information
for the Year Ended 31st December 2023







DIRECTOR: G Lang





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 11542764 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,450,000 1,450,000

CURRENT ASSETS
Debtors 5 229,644 225,813
Cash at bank 1,795 1,694
231,439 227,507
CREDITORS
Amounts falling due within one year 6 181,217 176,667
NET CURRENT ASSETS 50,222 50,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,500,222

1,500,840

CREDITORS
Amounts falling due after more than one
year

7

(914,954

)

(940,840

)

PROVISIONS FOR LIABILITIES (138,318 ) (138,318 )
NET ASSETS 446,950 421,682

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 414,953 414,953
Retained earnings 31,897 6,629
446,950 421,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)

Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2024 and were signed by:





G Lang - Director


MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mozzo World Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,450,000
NET BOOK VALUE
At 31st December 2023 1,450,000
At 31st December 2022 1,450,000

MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2021 553,271
Cost 896,729
1,450,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 896,729 896,729

The investment property was valued on an open market basis on 31st December 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,500 -
Amounts owed by participating interests 228,144 225,813
229,644 225,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,349 33,027
Taxation and social security 6,397 4,508
Other creditors 139,471 139,132
181,217 176,667

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 914,954 940,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 773,559 808,732

MOZZO WORLD LIMITED (REGISTERED NUMBER: 11542764)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 950,303 973,867

The bank loan is secured by a fixed charge over the freehold investment property.

9. RESERVES
Fair
value
reserve
£   
At 1st January 2023
and 31st December 2023 414,953

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
G Lang
Balance outstanding at start of year 137,932 218,114
Amounts advanced 2,331 -
Amounts repaid (2,050 ) (80,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 138,213 137,932

11. RELATED PARTY DISCLOSURES

At 31st December 2023 the company was owed £228,144 (2022: £225,813) by Mozzo Coffee Ltd.

Mr G.Lang is a director and the majority shareholder in this company.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the director Mr G Lang.