Company Registration No. 11847764 (England and Wales)
Mwanaaziz Holdings Limited
Unaudited accounts
for the year ended 29 February 2024
Mwanaaziz Holdings Limited
Unaudited accounts
Contents
Mwanaaziz Holdings Limited
Company Information
for the year ended 29 February 2024
Directors
Aftkharullah Awan
Mazharullah Awan
Company Number
11847764 (England and Wales)
Registered Office
7 Baring Road
London
London
SE12 0JP
England
Accountants
Select Tax & Accounts Limited
75 Tassell Hall
Redbourn
Hertfordshire
AL3 7JE
Mwanaaziz Holdings Limited
Statement of financial position
as at 29 February 2024
Tangible assets
283,987
288,919
Creditors: amounts falling due within one year
(316,657)
(313,272)
Net current liabilities
(316,657)
(313,272)
Net liabilities
(32,670)
(24,353)
Called up share capital
100
100
Profit and loss account
(32,770)
(24,453)
Shareholders' funds
(32,670)
(24,353)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2024 and were signed on its behalf by
Aftkharullah Awan
Director
Company Registration No. 11847764
Mwanaaziz Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
Mwanaaziz Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11847764. The registered office is 7 Baring Road, London, London, SE12 0JP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 50 years on buildings only
The financial statements have been prepared on a going concern basis even though at the balance sheet
date the company's current liabilities exceeded its current assets by £32,670.
The director consider the going concern basis to be appropriate because, in his opinion, the company will
continue to obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.
If the company was unable to continue to obtain sufficient funding to enable it to pay its debts as they fell due,
it would be unable to continue trading and adjustments would have to be made to reduce the value of assets
to their realizable amount, to provide for any further liabilities which might arise, and to re-classify fixed assets
and long term liabilities as current assets and liabilities
Mwanaaziz Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
At 29 February 2024
308,236
At 29 February 2024
24,249
At 29 February 2024
283,987
At 28 February 2023
288,919
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
316,332
312,072
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).