MUGADZA PROPERTY LTD

Company Registration Number:
13056645 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

MUGADZA PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MUGADZA PROPERTY LTD

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The director presents her report and accounts for the year ended 31 December 2024. Principal activity Buying and selling of own real estate Other letting and operating of own or leased real estate

Additional information

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Vongai Laura Nyaradzai Mugadza


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: Vongai Laura Nyaradzai Mugadza
Status: Director

MUGADZA PROPERTY LTD

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 20,088 16,500
Cost of sales: 0 0
Gross profit(or loss): 20,088 16,500
Distribution costs: 0 0
Administrative expenses: ( 15,379 ) ( 6,943 )
Other operating income: 0 0
Operating profit(or loss): 4,709 9,557
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 4,709 9,557
Tax: 0 0
Profit(or loss) for the financial year: 4,709 9,557

MUGADZA PROPERTY LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 282,001 282,001
Investments:   0 0
Total fixed assets: 282,001 282,001
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 46,623 41,914
Investments:   0 0
Total current assets: 46,623 41,914
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 353 ) ( 353 )
Net current assets (liabilities): 46,270 41,561
Total assets less current liabilities: 328,271 323,562
Creditors: amounts falling due after more than one year: 5 ( 330,916 ) ( 330,916 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (2,645) (7,354)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (2,646 ) (7,355 )
Total Shareholders' funds: ( 2,645 ) (7,354)

The notes form part of these financial statements

MUGADZA PROPERTY LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Vongai Laura Nyaradzai Mugadza
Status: Director

The notes form part of these financial statements

MUGADZA PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    1 Statutory information Mugadza Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13056645. The registered office is Kemp House, 160 City Road, London, EC1V 2NX, England. 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.

MUGADZA PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

MUGADZA PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 282,001 0 0 0 0 282,001
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2024 282,001 0 0 0 0 282,001
Depreciation
At 1 January 2024 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2024 0 0 0 0 0 0
Net book value
At 31 December 2024 282,001 0 0 0 0 282,001
At 31 December 2023 282,001 0 0 0 0 282,001

MUGADZA PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 353 353
Total 353 353

MUGADZA PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 203,480 203,480
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 127,436 127,436
Total 330,916 330,916