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Company Registration No. 14445526 (England and Wales)
Mzk Properties Ltd Unaudited accounts for the year ended 31 October 2024
Mzk Properties Ltd Unaudited accounts Contents
Page
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Mzk Properties Ltd Company Information for the year ended 31 October 2024
Director
Mr M Z Kayim
Company Number
14445526 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Mzk Properties Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
97,000 
89,460 
Current assets
Cash at bank and in hand
2,065 
519 
Creditors: amounts falling due within one year
(101,294)
(96,047)
Net current liabilities
(99,229)
(95,528)
Total assets less current liabilities
(2,229)
(6,068)
Provisions for liabilities
Deferred tax
(1,433)
- 
Net liabilities
(3,662)
(6,068)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
6,107 
- 
Profit and loss account
(9,869)
(6,168)
Shareholders' funds
(3,662)
(6,068)
For the year ending 31 October 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2025 and were signed on its behalf by
Mr M Z Kayim Director Company Registration No. 14445526
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Mzk Properties Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Mzk Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14445526. The registered office is 214 Baker Street, Enfield, EN1 3JY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
89,460 
Net gain from fair value adjustments
7,540 
At 31 October 2024
97,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
100,694 
95,447 
Accruals
600 
600 
101,294 
96,047 
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Mzk Properties Ltd Notes to the Accounts for the year ended 31 October 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Included within other creditors is an amount of £100,694 (2023;£95,447) due to its directors. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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