Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08959660 Mrs Neena Vaswani Mr Sameer Vaswani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08959660 2023-03-31 08959660 2024-03-31 08959660 2023-04-01 2024-03-31 08959660 frs-core:CurrentFinancialInstruments 2024-03-31 08959660 frs-core:Non-currentFinancialInstruments 2024-03-31 08959660 frs-core:ShareCapital 2024-03-31 08959660 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08959660 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08959660 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08959660 frs-bus:SmallEntities 2023-04-01 2024-03-31 08959660 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08959660 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08959660 1 2023-04-01 2024-03-31 08959660 frs-bus:Director1 2023-04-01 2024-03-31 08959660 frs-bus:Director2 2023-04-01 2024-03-31 08959660 frs-countries:EnglandWales 2023-04-01 2024-03-31 08959660 2022-03-31 08959660 2023-03-31 08959660 2022-04-01 2023-03-31 08959660 frs-core:CurrentFinancialInstruments 2023-03-31 08959660 frs-core:Non-currentFinancialInstruments 2023-03-31 08959660 frs-core:ShareCapital 2023-03-31 08959660 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08959660
Mazza Mazza Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08959660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 5,265,000 5,265,000
5,265,000 5,265,000
CURRENT ASSETS
Debtors 5 23,264 13,251
Cash at bank and in hand - 2
23,264 13,253
Creditors: Amounts Falling Due Within One Year 6 (4,009,007 ) (3,828,713 )
NET CURRENT ASSETS (LIABILITIES) (3,985,743 ) (3,815,460 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,279,257 1,449,540
Creditors: Amounts Falling Due After More Than One Year 7 (3,101,573 ) (3,054,650 )
NET LIABILITIES (1,822,316 ) (1,605,110 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,822,416 ) (1,605,210 )
SHAREHOLDERS' FUNDS (1,822,316) (1,605,110)
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For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Neena Vaswani
Director
29th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mazza Mazza Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08959660 . The registered office is Studio 2 Priory House Cloisters Business Centre, 8 Battersea Park Road, London, England, SW8 4BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 5,265,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 23,264 13,251
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,440
Bank loans and overdrafts 599,944 575,945
Other creditors 3,409,063 3,251,328
4,009,007 3,828,713
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 3,101,573 3,054,650
Of the creditors falling due after more than one year includes a bank loan which has been secured by way of fixed charges over the freehold properties.
This serves as collateral for the related borrowings and is subject to negative pledge cause.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year and included in Other Creditors is £3,400,344 (2023: £3,230,908) owing to the directors. The loan is interest-bearing (3.5%) and is repayable on demand.
During the year the company was provided funds by a related party, a company held by the director's offshore trust. At the year end, the balance owing to the related party and included in creditors is £593,445 (2023: £575,945). The loan is interest-bearing (3.5%) and is repayable on demand.
10. Ultimate Controlling Party
The company has no ultimate controlling party as the shares are owned 50% by Mrs N Vaswani and 50% by Mr S Vaswani.
11. Going Concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future. 
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