Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-03-01falsefalse 14668493 2023-02-28 14668493 2023-03-01 2024-02-29 14668493 2022-03-01 2023-02-28 14668493 2024-02-29 14668493 c:Director1 2023-03-01 2024-02-29 14668493 d:FreeholdInvestmentProperty 2023-03-01 2024-02-29 14668493 d:FreeholdInvestmentProperty 2024-02-29 14668493 d:CurrentFinancialInstruments 2024-02-29 14668493 d:Non-currentFinancialInstruments 2024-02-29 14668493 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14668493 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 14668493 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 14668493 d:ShareCapital 2024-02-29 14668493 d:RetainedEarningsAccumulatedLosses 2024-02-29 14668493 c:OrdinaryShareClass1 2023-03-01 2024-02-29 14668493 c:OrdinaryShareClass1 2024-02-29 14668493 c:FRS102 2023-03-01 2024-02-29 14668493 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 14668493 c:FullAccounts 2023-03-01 2024-02-29 14668493 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 14668493 2 2023-03-01 2024-02-29 14668493 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14668493









MEMOZ LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
MEMOZ LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MEMOZ LIMITED
FOR THE PERIOD ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MEMOZ LIMITED for the period ended 29 February 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of MEMOZ LIMITED, as a body, in accordance with the terms of our engagement letter dated 20th March 2023Our work has been undertaken solely to prepare for your approval the financial statements of MEMOZ LIMITED and state those matters that we have agreed to state to the Board of Directors of MEMOZ LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MEMOZ LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that MEMOZ LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MEMOZ LIMITED. You consider that MEMOZ LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of MEMOZ LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
Palmers Green
London
N13 4XS
22 October 2024
Page 1

 
MEMOZ LIMITED
REGISTERED NUMBER: 14668493

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
352,608

  
352,608

Current assets
  

Debtors: amounts falling due within one year
 5 
5,670

Cash at bank and in hand
 6 
1,831

  
7,501

Creditors: amounts falling due within one year
 7 
(120,100)

Net current (liabilities)/assets
  
 
 
(112,599)

Total assets less current liabilities
  
240,009

Creditors: amounts falling due after more than one year
 8 
(243,063)

  

Net (liabilities)/assets
  
(3,054)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(3,154)

  
(3,054)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 2

 
MEMOZ LIMITED
REGISTERED NUMBER: 14668493
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

Birol Can
Director

Date: 22 October 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MEMOZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

MEMOZ LIMITED is a private company limited by share capital, Incorporated in England and Wales, registration number 14668493. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

 
2.3

Revenue

Revenue is rental income from investment properties which is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant takes possession or controls the physical use of the lease space.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the Director 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. Changes in fair value are recognised in profit or loss.

Page 4

 
MEMOZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
352,608



At 29 February 2024
352,608

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
£


Other debtors
5,670
Page 5

 
MEMOZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

5.Debtors (continued)


5,670



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,831

1,831



7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
118,900

Accruals and deferred income
1,200

120,100



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
243,063

243,063


Page 6

 
MEMOZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
243,063

243,063


Bank loans totaling £243,063 at the year end are secured by way of charge over the company’s investment property. 


10.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.


11.


Related party transactions

Included within Other Creditors due within less than 1 year is a loan amount of £117,000 due to a company under common control. The loan is unsecured, free of interest and repayable on demand.
Included within Other Creditors due in less than one year is a loan amount of £1,900 due to the Directors. The loan is unsecured, free of interest and repayable on demand. 
 

 
Page 7