Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09644135 U G Musa M Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09644135 2023-06-30 09644135 2024-06-30 09644135 2023-07-01 2024-06-30 09644135 frs-core:CurrentFinancialInstruments 2024-06-30 09644135 frs-core:Non-currentFinancialInstruments 2024-06-30 09644135 frs-core:ShareCapital 2024-06-30 09644135 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09644135 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09644135 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09644135 frs-bus:SmallEntities 2023-07-01 2024-06-30 09644135 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09644135 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09644135 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-01 2024-06-30 09644135 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 09644135 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 09644135 frs-core:CostValuation 2023-06-30 09644135 frs-core:CostValuation 2024-06-30 09644135 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 09644135 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-06-30 09644135 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 09644135 frs-bus:Director1 2023-07-01 2024-06-30 09644135 frs-bus:Director1 2023-06-30 09644135 frs-bus:Director1 2024-06-30 09644135 frs-bus:Director2 2023-07-01 2024-06-30 09644135 frs-bus:Director2 2023-06-30 09644135 frs-bus:Director2 2024-06-30 09644135 frs-countries:EnglandWales 2023-07-01 2024-06-30 09644135 2022-06-30 09644135 2023-06-30 09644135 2022-07-01 2023-06-30 09644135 frs-core:CurrentFinancialInstruments 2023-06-30 09644135 frs-core:Non-currentFinancialInstruments 2023-06-30 09644135 frs-core:ShareCapital 2023-06-30 09644135 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 09644135 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 09644135
Mzm Investments Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09644135
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 361,828 361,828
Investments 5 6,846 3,702
368,674 365,530
CURRENT ASSETS
Debtors 6 500 397
Cash at bank and in hand 20,442 18,544
20,942 18,941
Creditors: Amounts Falling Due Within One Year 7 (253,976 ) (260,352 )
NET CURRENT ASSETS (LIABILITIES) (233,034 ) (241,411 )
TOTAL ASSETS LESS CURRENT LIABILITIES 135,640 124,119
Creditors: Amounts Falling Due After More Than One Year 8 (19,912 ) (29,925 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,977 ) (3,977 )
NET ASSETS 111,751 90,217
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 11 13,353 10,209
Profit and Loss Account 98,298 79,908
SHAREHOLDERS' FUNDS 111,751 90,217
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Page 2
For the year ending 30 June 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
U G Musa
Director
5th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mzm Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09644135 . The registered office is 30 School Road, Sale, Cheshire, M33 7XF.
The presentation currency of the financial statements is the Pound Sterling (£).
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 consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Turnover from letting activity in relation to properties occupied by tenants is recognised on an accrual basis.
2.3. Investment Properties
Investment properties, which are properties held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on surplus at the rate expected to apply when the property is sold.
2.4. 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 statement of financial position date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
2.5. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.6. Investments
Investment in shares and cryptocurrencies are included at fair value.
2.7. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 361,828
Investment properties comprises freehold land and buildings. No depreciation is provided in respect of these properties.
The directors have confirmed the properties are reflected at their fair value. The assessment has been made on an open market value basis by reference to market evidence of transaction prices for similar properties and their rental yields.
5. Investments
Other
£
Cost
As at 1 July 2023 19,332
As at 30 June 2024 19,332
Provision
As at 1 July 2023 15,630
Impairment losses (3,144 )
As at 30 June 2024 12,486
Net Book Value
As at 30 June 2024 6,846
As at 1 July 2023 3,702
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 500 397
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 249,662 258,415
Taxation and social security 4,314 1,937
253,976 260,352
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 19,912 29,925
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr. Usman Musa (128,818 ) 4,718 (334 ) - (124,434 )
Mr Mohmed Patel (128,817 ) 4,718 (335 ) - (124,434 )
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Fair Value Reserve
£
As at 1 July 2023 10,209
Transfer to profit and loss 3,144
As at 30 June 2024 13,353
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