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REGISTERED NUMBER: 07433396 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MCZ INVESTMENTS LIMITED

MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCZ INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTORS: C P Christou
Mrs M Christou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 07433396 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,556 1,773
Investment property 5 855,000 855,000
857,556 856,773

CURRENT ASSETS
Debtors 6 1,410 706
Cash at bank 3,456 9,913
4,866 10,619
CREDITORS
Amounts falling due within one year 7 15,401 16,455
NET CURRENT LIABILITIES (10,535 ) (5,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,021

850,937

CREDITORS
Amounts falling due after more than one year 8 (137,123 ) (142,978 )

PROVISIONS FOR LIABILITIES (84,407 ) (84,407 )
NET ASSETS 625,491 623,552

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 333,991 333,991
Retained earnings 291,400 289,461
SHAREHOLDERS' FUNDS 625,491 623,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)

BALANCE SHEET - continued
30 April 2024


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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




C P Christou - Director



Mrs M Christou - Director


MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

MCZ Investments 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.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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 (2023 - NIL).

MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 2,721
Additions 1,635
At 30 April 2024 4,356
DEPRECIATION
At 1 May 2023 948
Charge for year 852
At 30 April 2024 1,800
NET BOOK VALUE
At 30 April 2024 2,556
At 30 April 2023 1,773

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 855,000
NET BOOK VALUE
At 30 April 2024 855,000
At 30 April 2023 855,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 338,398
Valuation in 2017 80,000
Cost 436,602
855,000

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

30.4.24 30.4.23
£    £   
Cost 436,602 436,602

Investment property was valued on an open market basis on 30 April 2024 by the directors .

MCZ INVESTMENTS LIMITED (REGISTERED NUMBER: 07433396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,410 706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 271 1,569
Other creditors 15,130 14,886
15,401 16,455

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 137,123 142,978

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 137,123 142,978

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 137,123 142,978

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 333,991