Acorah Software Products - Accounts Production 16.4.675 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11799062 M Z Baker Marcus Baker true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11799062 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-01-31 11799062 2024-01-31 11799062 2025-01-31 11799062 2024-02-01 2025-01-31 11799062 frs-core:CurrentFinancialInstruments 2025-01-31 11799062 frs-core:Non-currentFinancialInstruments 2025-01-31 11799062 frs-core:ComputerEquipment 2025-01-31 11799062 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11799062 frs-core:ComputerEquipment 2024-01-31 11799062 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-01-31 11799062 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-02-01 2025-01-31 11799062 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-31 11799062 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2025-01-31 11799062 frs-core:FurnitureFittings 2025-01-31 11799062 frs-core:FurnitureFittings 2024-02-01 2025-01-31 11799062 frs-core:FurnitureFittings 2024-01-31 11799062 frs-core:OtherReservesSubtotal 2025-01-31 11799062 frs-core:ShareCapital 2025-01-31 11799062 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11799062 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11799062 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11799062 frs-bus:SmallEntities 2024-02-01 2025-01-31 11799062 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11799062 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11799062 1 2024-02-01 2025-01-31 11799062 frs-bus:Director1 2024-02-01 2025-01-31 11799062 frs-countries:EnglandWales 2024-02-01 2025-01-31 11799062 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-01-31 11799062 2023-01-31 11799062 2024-01-31 11799062 2023-02-01 2024-01-31 11799062 frs-core:CurrentFinancialInstruments 2024-01-31 11799062 frs-core:Non-currentFinancialInstruments 2024-01-31 11799062 frs-core:OtherReservesSubtotal 2024-01-31 11799062 frs-core:ShareCapital 2024-01-31 11799062 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11799062
MZB Property Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11799062
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,400 11,100
Tangible Assets 5 973 809
Investment Properties 6 858,000 737,000
866,373 748,909
CURRENT ASSETS
Debtors 7 23,003 5,969
Cash at bank and in hand 4,383 48,262
27,386 54,231
Creditors: Amounts Falling Due Within One Year 8 (2,000 ) (8,528 )
NET CURRENT ASSETS (LIABILITIES) 25,386 45,703
TOTAL ASSETS LESS CURRENT LIABILITIES 891,759 794,612
Creditors: Amounts Falling Due After More Than One Year 9 (736,434 ) (646,103 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,672 ) (44,745 )
NET ASSETS 103,653 103,764
CAPITAL AND RESERVES
Called up share capital 10 1 1
Other reserves 71,628 71,628
Profit and Loss Account 32,024 32,135
SHAREHOLDERS' FUNDS 103,653 103,764
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
M Z Baker
Director
12/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MZB Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11799062 . The registered office is 124 City Road, London, EC1V 2NX.
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 the Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of accounts requires the directors to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.
Significant areas requiring the use of estimates include the carrying value of the investment property, details are set out in the relevant notes.
2.4. Turnover
Turnover is derived from rental income receivable during the year.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent a property-related contract which is amortised over the contractual life of 5 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.7. Investment Properties
All investment properties are carried at fair value determined annually. Changes in fair value are recognised in the profit and loss account.
2.8. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.  Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Contracts
£
Cost
As at 1 February 2024 18,500
As at 31 January 2025 18,500
Amortisation
As at 1 February 2024 7,400
Provided during the period 3,700
As at 31 January 2025 11,100
Net Book Value
As at 31 January 2025 7,400
As at 1 February 2024 11,100
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 February 2024 4,429 800 5,229
Additions - 1,298 1,298
As at 31 January 2025 4,429 2,098 6,527
...CONTINUED
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Depreciation
As at 1 February 2024 3,620 800 4,420
Provided during the period 809 325 1,134
As at 31 January 2025 4,429 1,125 5,554
Net Book Value
As at 31 January 2025 - 973 973
As at 1 February 2024 809 - 809
6. Investment Property
2025
£
Fair Value
As at 1 February 2024 737,000
Additions 84,543
Revaluations 36,457
As at 31 January 2025 858,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 586,043 501,500
The investment properties are stated at revaluation amount as derived from third party valuation reports. 
There are charges registered on the properties in favour of banks.
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 23,003 5,969
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 500 500
Accruals and deferred income 1,500 1,250
Director's loan account - 6,778
2,000 8,528
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 583,150 493,315
Other creditors 153,284 152,788
736,434 646,103
Bank loans falling due after more than one year include mortgage loans secured on the investment properties of £580,687 (2024: £490,215) and unsecured bank loans of £2,963 (2023: £3,600).
Other creditors include a loan from the shareholder which is repayable in 2034 and bears interest at a commercial rate.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 580,687 490,215
Other Creditors 153,284 148,819
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Other reserves represent the equity portion of a shareholder loan advanced to the company.
12. Ultimate Controlling Party
The company's ultimate controlling party is Marcus Baker by virtue of his ownership of 100% of the issued share capital in the company.
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