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REGISTERED NUMBER: 05092466 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

Maz Properties Limited

Maz Properties Limited (Registered number: 05092466)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Maz Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr F Maassarani





REGISTERED OFFICE: Oriel House
2-8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 05092466 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Maz Properties Limited (Registered number: 05092466)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355 517
Investments 5 8,500 8,500
Investment property 6 960,703 1,130,703
969,558 1,139,720

CURRENT ASSETS
Debtors 7 2,608 6,666
Cash at bank 3,778 2,335
6,386 9,001
CREDITORS
Amounts falling due within one year 8 624,580 657,169
NET CURRENT LIABILITIES (618,194 ) (648,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES 351,364 491,552

CREDITORS
Amounts falling due after more than one year 9 (239,887 ) (332,237 )

PROVISIONS FOR LIABILITIES (12,759 ) (13,650 )
NET ASSETS 98,718 145,665

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 161,658 161,658
Retained earnings (62,942 ) (15,995 )
SHAREHOLDERS' FUNDS 98,718 145,665

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 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.

Maz Properties Limited (Registered number: 05092466)

Statement of Financial Position - 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 director and authorised for issue on 21 November 2024 and were signed by:





Dr F Maassarani - Director


Maz Properties Limited (Registered number: 05092466)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Maz Properties 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
The turnover shown in the profit and loss accounts represents amounts receivable by the company during the year in respect of property maintenance services and the proceeds from the sale of investment properties. In respect of long-term contract and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognized by reference to the stage of completion. The rental income for the year is derived from the rental of the domestic dwellings held as investment properties and is recognized as it become due.

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 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

Maz Properties Limited (Registered number: 05092466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,018
DEPRECIATION
At 1 April 2023 501
Charge for year 162
At 31 March 2024 663
NET BOOK VALUE
At 31 March 2024 355
At 31 March 2023 517

5. FIXED ASSET INVESTMENTS
Investment
£   
COST
At 1 April 2023
and 31 March 2024 8,500
NET BOOK VALUE
At 31 March 2024 8,500
At 31 March 2023 8,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,130,703
Disposals (170,000 )
At 31 March 2024 960,703
NET BOOK VALUE
At 31 March 2024 960,703
At 31 March 2023 1,130,703

Maz Properties Limited (Registered number: 05092466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 156,500
Valuation in 2020 18,500
Cost 785,703
960,703

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,608 6,666

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 161,003 149,001
Trade creditors - 45,000
Amounts owed to group undertakings 104,500 104,500
Other creditors 359,077 358,668
624,580 657,169

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 239,887 332,237

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 54,121 126,828

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

Maz Properties Limited (Registered number: 05092466)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 161,658