Mnn Global Investments Ltd 10529268 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Property Development Digita Accounts Production Advanced 6.30.9574.0 true Mrs Fortunate Zinhle Ngomana Mrs Nontobeko Aleksandrowicz Ms Onai Gwavava Ms Onai Gwavava Mrs Nontobeko Aleksandrowicz Mr Khumbulani Nkala 10529268 2024-01-01 2024-12-31 10529268 2024-12-31 10529268 bus:OrdinaryShareClass1 2024-12-31 10529268 core:RetainedEarningsAccumulatedLosses 2024-12-31 10529268 core:ShareCapital 2024-12-31 10529268 core:CurrentFinancialInstruments 2024-12-31 10529268 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10529268 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-12-31 10529268 core:Non-currentFinancialInstruments 2024-12-31 10529268 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 10529268 core:FurnitureFittingsToolsEquipment 2024-12-31 10529268 core:LandBuildings 2024-12-31 10529268 core:MotorVehicles 2024-12-31 10529268 bus:FRS102 2024-01-01 2024-12-31 10529268 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10529268 bus:FullAccounts 2024-01-01 2024-12-31 10529268 bus:RegisteredOffice 2024-01-01 2024-12-31 10529268 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 10529268 bus:Director1 2024-01-01 2024-12-31 10529268 bus:Director2 2024-01-01 2024-12-31 10529268 bus:Director3 2024-01-01 2024-12-31 10529268 bus:Director5 2024-01-01 2024-12-31 10529268 bus:Director6 2024-01-01 2024-12-31 10529268 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10529268 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 10529268 bus:Consolidated 2024-01-01 2024-12-31 10529268 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10529268 core:Buildings 2024-01-01 2024-12-31 10529268 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 10529268 core:LandBuildings 2024-01-01 2024-12-31 10529268 core:MotorVehicles 2024-01-01 2024-12-31 10529268 core:PlantMachinery 2024-01-01 2024-12-31 10529268 countries:England 2024-01-01 2024-12-31 10529268 2023-12-31 10529268 core:FurnitureFittingsToolsEquipment 2023-12-31 10529268 core:LandBuildings 2023-12-31 10529268 core:MotorVehicles 2023-12-31 10529268 2023-12-31 10529268 bus:OrdinaryShareClass1 2023-12-31 10529268 core:RetainedEarningsAccumulatedLosses 2023-12-31 10529268 core:ShareCapital 2023-12-31 10529268 core:CurrentFinancialInstruments 2023-12-31 10529268 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10529268 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-12-31 10529268 core:Non-currentFinancialInstruments 2023-12-31 10529268 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 10529268 core:FurnitureFittingsToolsEquipment 2023-12-31 10529268 core:LandBuildings 2023-12-31 10529268 core:MotorVehicles 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10529268

Mnn Global Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Mnn Global Investments Ltd

(Registration number: 10529268)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

249,112

249,112

Current assets

 

Debtors

4

423,045

423,045

Cash at bank and in hand

 

101

101

 

423,146

423,146

Total assets less current liabilities

 

672,258

672,258

Creditors: Amounts falling due after more than one year

(238,572)

(238,572)

Net assets

 

433,686

433,686

Capital and reserves

 

Called up share capital

6

448,536

448,536

Retained earnings

(14,850)

(14,850)

Shareholders' funds

 

433,686

433,686

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 

.........................................
Mr Khumbulani Nkala
Company secretary and director

 

Mnn Global Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 13481 13 Freeland Park
Wareham Road
Poole
BH16 6FA
England

These financial statements were authorised for issue by the Board on 7 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

10% Straightline

Buildings

2% Straighline

Plant & Machinery

20% Straighline

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.

 

Mnn Global Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 profit and loss account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

199,215

79,181

56,751

335,147

At 31 December 2024

199,215

79,181

56,751

335,147

Depreciation

At 1 January 2024

5,298

30,776

15,882

51,956

Charge for the year

3,984

18,700

11,395

34,079

At 31 December 2024

9,282

49,476

27,277

86,035

Carrying amount

At 31 December 2024

189,933

29,705

29,474

249,112

At 31 December 2023

189,933

29,705

29,474

249,112

Included within the net book value of land and buildings above is £189,933 (2023 - £189,933) in respect of freehold land and buildings.
 

 

Mnn Global Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

421,449

421,449

Other debtors

 

122

122

Income tax asset

1,474

1,474

   

423,045

423,045

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

101

101

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

448,536

448,536

448,536

448,536

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

42,874

42,874

Other borrowings

195,698

195,698

238,572

238,572