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REGISTERED NUMBER: 13019654 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAHOOD EVENT AND PROPERTY SERVICES LTD

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


MAHOOD EVENT AND PROPERTY SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr R Mahood
Mrs H Mahood





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD





REGISTERED NUMBER: 13019654 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

REPORT OF THE DIRECTORS
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 April 2023 to the date of this report.

The beneficial interests of the directors holding office at 31 March 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.3.24 1.4.23
Ordinary shares of £1.00 each
Mr R Mahood 1 1
Mrs H Mahood 1 1

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr R Mahood - Director


22 November 2024

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,041 9,439
Investment property 5 200,000 200,000
208,041 209,439

CURRENT ASSETS
Stocks 954 -
Debtors 6 48,527 14,388
Cash at bank 21,760 68,477
71,241 82,865
CREDITORS
Amounts falling due within one year 7 (22,492 ) (93,740 )
NET CURRENT ASSETS/(LIABILITIES) 48,749 (10,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,790

198,564

PROVISIONS FOR LIABILITIES (17,010 ) (13,193 )
NET ASSETS 239,780 185,371

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 45,000 48,600
Retained earnings 194,778 136,769
SHAREHOLDERS' FUNDS 239,780 185,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

BALANCE SHEET - continued
31 March 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 22 November 2024 and were signed on its behalf by:





Mr R Mahood - Director


MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mahood Event and Property Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current asset investments
Current asset investments are recorded at cost and are expected to mature within 12 months of the year end.

Fixed asset investments
Fixed asset investments consist of funds the company has invested into bonds/debentures that are held over a fixed term and have a fixed rate of return. The interest received will be recorded in the profit and loss account at the date the amount becomes due.

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 11,799
DEPRECIATION
At 1 April 2023 2,360
Charge for year 1,398
At 31 March 2024 3,758
NET BOOK VALUE
At 31 March 2024 8,041
At 31 March 2023 9,439

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 200,000
At 31 March 2023 200,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 60,000
Cost 140,000
200,000

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

31.3.24 31.3.23
£    £   
Cost 140,000 140,000

Investment property was valued on an open market basis on 31 March 2024 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 48,527 14,388

MAHOOD EVENT AND PROPERTY SERVICES LTD (REGISTERED NUMBER: 13019654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 963 -
Taxation and social security 23,281 24,371
Other creditors (1,752 ) 69,369
22,492 93,740

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 48,600
Revaluation Movement (3,600 )

At 31 March 2024 45,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R Mahood
Balance outstanding at start of year 7,194 -
Amounts advanced 2,570 7,194
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,764 7,194

Mrs H Mahood
Balance outstanding at start of year 7,194 -
Amounts advanced 2,570 7,194
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,764 7,194

10. RELATED PARTY DISCLOSURES

At the year end included within other creditors is a loan from Mahood Marquees Limited. Outstanding amount at year end 2024 £2,127 - (2023 - £69,019). The Loan from mahood Marquees is interest bearing at a rate of 2% per year. Mahood Marquees Limited is a company in which both Richard and Hayley Mahood are directors and shareholders.Mahood Event and Property Services charged Mahood Marquees Limited for consultancy in the year end 2024 £72,000 totalling (2023 - £72,000)

11. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the year.