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Registered number: 13550015
MNR Properties Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the director of MNR Properties Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
31/12/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 13550015
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,644 14,875
Investment Properties 5 620,000 620,000
632,644 634,875
CURRENT ASSETS
Cash at bank and in hand 21,775 48,578
21,775 48,578
Creditors: Amounts Falling Due Within One Year 6 (25,446 ) (25,446 )
NET CURRENT ASSETS (LIABILITIES) (3,671 ) 23,132
TOTAL ASSETS LESS CURRENT LIABILITIES 628,973 658,007
Creditors: Amounts Falling Due After More Than One Year 7 (622,133 ) (651,177 )
NET ASSETS 6,840 6,830
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 6,839 6,829
SHAREHOLDERS' FUNDS 6,840 6,830
Page 2
Page 3
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Mohammed Nabil Rida
Director
31/12/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 September 2022 1 (7,747 ) (7,746)
Profit for the year and total comprehensive income - 14,576 14,576
As at 31 August 2023 and 1 September 2023 1 6,829 6,830
Profit for the year and total comprehensive income - 10 10
As at 31 August 2024 1 6,839 6,840
Page 4
Page 5
Notes to the Financial Statements
1. General Information
MNR Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13550015 . The registered office is 37 Glenwood Grove, London, NW9 8HL.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance method
2.4. 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:
2024 2023
Office and administration 1 1
1 1
Page 5
Page 6
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 17,500
As at 31 August 2024 17,500
Depreciation
As at 1 September 2023 2,625
Provided during the period 2,231
As at 31 August 2024 4,856
Net Book Value
As at 31 August 2024 12,644
As at 1 September 2023 14,875
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 620,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 23,000 23,000
Accruals 800 800
Director's loan account 1,646 1,646
25,446 25,446
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 311,747 326,739
Shareholders contribution 310,386 324,438
622,133 651,177
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6