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REGISTERED NUMBER: 10580314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mamas Property Investment Ltd

Mamas Property Investment Ltd (Registered number: 10580314)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mamas Property Investment Ltd (Registered number: 10580314)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
Fixed assets
Tangible assets 4 692,596 592,596

Current assets
Cash at bank 13,940 8,199

Creditors
Amounts falling due within one year 5 (118,093 ) (111,916 )
Net current liabilities (104,153 ) (103,717 )
Total assets less current liabilities 588,443 488,879

Creditors
Amounts falling due after more than
one year

6

(474,950

)

(477,750

)

Provisions for liabilities 8 (19,000 ) -
Net assets 94,493 11,129

Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 100,000 -
Retained earnings 9 (5,607 ) 11,029
Shareholders' funds 94,493 11,129

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 directors acknowledge their 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.

Mamas Property Investment Ltd (Registered number: 10580314)

Balance Sheet - 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 Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:




Rana Ahmad - Director



Mrs Mariam Sohail - Director


Mamas Property Investment Ltd (Registered number: 10580314)

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

1. Statutory information

Mamas Property Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10580314

Registered office: Marshall House, Suite 21-25 124 Middleton
Morden
SM4 6RW

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Mamas Property Investment Ltd (Registered number: 10580314)

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

3. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

4. Tangible fixed assets
Freehold
property
£
Cost or valuation
At 1 April 2023 592,596
Revaluations 100,000
At 31 March 2024 692,596
Net book value
At 31 March 2024 692,596
At 31 March 2023 592,596

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£
Valuation in 2024 100,000
Cost 592,596
692,596

5. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Trade creditors 117,539 111,229
Corporation tax 554 687
118,093 111,916

6. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£ £
Bank loans (see note 7) 474,950 477,750

Mamas Property Investment Ltd (Registered number: 10580314)

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

7. Loans

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 433,350 433,350

Amounts falling due between two and five years:
Bank loans - 2-5 years 41,600 44,400

8. Provisions for liabilities
31.3.24 31.3.23
£ £
Deferred tax
Accelerated capital allowances 19,000 -

Deferred tax
£
Provided during year 19,000
Balance at 31 March 2024 19,000

9. Reserves
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 April 2023 11,029 - 11,029
Deficit for the year (16,636 ) (16,636 )
Revaluation Reserves - 100,000 100,000
At 31 March 2024 (5,607 ) 100,000 94,393