Registered number
14025340
MINGZE HOLDING LIMITED
Filleted Accounts
For the year ended
30 April 2024
KHMM LTD T/A KHMM
Chartered Management Accountants
Unit 7-8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
Tel: 0208 208 2085 Fax: 2028 208 2268
MINGZE HOLDING LIMITED
Registered number: 14025340
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 380,195 225,000
Current assets
Debtors 4 2,416 -
Cash at bank and in hand 13,508 6,052
15,924 6,052
Creditors: amounts falling due within one year 5 (369,546) (204,122)
Net current liabilities (353,622) (198,070)
Total assets less current liabilities 26,573 26,930
Provisions for liabilities (4,100) (4,528)
Net assets 22,473 22,402
Capital and reserves
Called up share capital 100 100
Fair value reserve 17,479 19,301
Profit and loss account 4,894 3,001
Shareholder's funds 22,473 22,402
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Mi Wang
Director
Approved by the board on 10 January 2025
MINGZE HOLDING LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover represents rentals receivable, and is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investment property
Investment property is included at fair value. Revaluation gains or impairment losses are recognised in the profit and loss account. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investment properties
Other
investments
£
Cost
At 1 May 2023 225,000
Additions 157,445
Revaluation/(Impairment) (2,250)
At 30 April 2024 380,195
Historical cost
At 30 April 2024 358,616
The director estimated a revaluation to £222,750 based on the market value of property 256 iLand, which represents a 1% impairment loss. A reversed deferred taxation of £428 has been provided. Newly aquired property 97 Hemisphere was purchased near the end of the accounting year, the director believe there were no material changes in it's value at the balance sheet date, hence the revaluation value remains the same as the purchase value.
4 Debtors 2024 2023
£ £
Other debtors 2,416 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 444 704
Other creditors 369,102 203,418
369,546 204,122
6 Other information
MINGZE HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
34 Palladian Gardens
London
England
W4 2ER
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