MSZ PROPERTY LTD


Directors	AHMAD, Mumtaz
	RASUL, Shafqat


Registered Address	Unit 4c New Mart Road
	Edinburgh
	EH14 1RL


Registered Number	SC312136 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,791,170		1,239,341
			1,791,170		1,239,341
Current assets
Debtors		142,538		3,790
Cash at bank and on hand		25,280		36,709
		167,818		40,499
Creditors amounts falling due within one year	4	(32,214)		(66,969)
Net current assets (liabilities)			135,604		(26,470)
Total assets less current liabilities			1,926,774		1,212,871
Creditors amounts falling due after one year	5		(575,020)		(334,375)
Provisions for liabilities	6		(84,789)		-
Net assets			1,266,965		878,496
Capital and reserves
Called up share capital			100		100
Revaluation reserve			254,367		-
Profit and loss account			1,012,498		878,396
Shareholders' funds			1,266,965		878,496

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2025, and are signed on its behalf by:

RASUL, Shafqat
Director
Registered Company No. SC312136

MSZ PROPERTY LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue comprises of rents receivable and is recognised in the period to which it relates.

Revenue from sale of goods

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. 

Revenue comprises of rents receivable and is recognised in the period to which it relates.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets comprise of investment properties and are stated at directors' valuation. No depreciation has been provided.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 April 24	1,239,341	1,239,341
Additions	730,257	730,257
Revaluations	339,156	339,156
Disposals	(517,584)	(517,584)
At 31 March 25	1,791,170	1,791,170
Net book value
At 31 March 25	1,791,170	1,791,170
At 31 March 24	1,239,341	1,239,341

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,792	445
Bank borrowings and overdrafts	-	7,500
Taxation and social security	14,086	20,647
Other creditors	-	4,189
Accrued liabilities and deferred income	13,336	34,188
Total	32,214	66,969


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	9,375
Amounts owed to related parties	575,020	325,000
Total	575,020	334,375

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	84,789	-
Total	84,789	-

7.	Related party transactions
	Included within creditors at the year end is an amount due from the company to Zee Investments Limited, a company in which M Ahmad is a director of £80,000 (2024 - £50,000). The balance is unsecured, interest free and repayable on demand. During the year Zee Investments Limited loaned £30,000 to the company (2024 - £nil). Included within creditors at the year end is an amount due from the company to the director M Ahmad, of £355,000 (2024 - £275,000). The balance is unsecured, interest free and repayment will not be sought within one year of the year end date. During the year M Ahmad loaned £80,000 to the company (2024 - £nil). Included within creditors at the year end is an amount due from the company to Harkspace Limited, a company in which M Ahmad is a director of £nil (2024 - £nil). During the year Harkspace Limited loaned £100,000 to the company which was fully repaid within the year (2024 - £nil). Included within creditors at the year end is an amount due from the company to Estock Limited, a company in which Mr S Rasul is a director and shareholder, of £140,020 (2024 - £nil). The balance is unsecured, interest free and repayment will not be sought within one year of the year end date. During the year Estock Limited loaned £140,020 to the company (2024 - £nil).

Related party transactions

Included within creditors at the year end is an amount due from the company to Zee Investments Limited, a company in which M Ahmad is a director of £80,000 (2024 - £50,000). The balance is unsecured, interest free and repayable on demand. During the year Zee Investments Limited loaned £30,000 to the company (2024 - £nil).
Included within creditors at the year end is an amount due from the company to the director M Ahmad, of £355,000 (2024 - £275,000). The balance is unsecured, interest free and repayment will not be sought within one year of the year end date. During the year M Ahmad loaned £80,000 to the company  (2024 - £nil).
Included within creditors at the year end is an amount due from the company to Harkspace Limited, a company in which M Ahmad is a director of £nil (2024 - £nil). During the year Harkspace Limited loaned £100,000 to the company which was fully repaid within the year (2024 - £nil).
Included within creditors at the year end is an amount due from the company to Estock Limited, a company in which Mr S Rasul is a director and shareholder, of £140,020 (2024 - £nil). The balance is unsecured, interest free  and repayment will not be sought within one year of the year end date. During the year Estock Limited loaned £140,020 to the company  (2024 - £nil).