REGISTERED NUMBER: 12489985 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MKAZ PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Karachristou

Mr A E Zorbis

REGISTERED OFFICE:

Solar House

282 Chase Road

Southgate

London

N14 6NZ

REGISTERED NUMBER:

12489985 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

1,385,572

1,385,572

CURRENT ASSETS

Debtors

5

3,129

2,489

Cash at bank and in hand

53,360

12,178

56,489

14,667

CREDITORS

Amounts falling due within one year

6

363,406

689,397

NET CURRENT LIABILITIES

(306,917

)

(674,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,078,655

710,842

CREDITORS

Amounts falling due after more than one year

7

1,050,050

681,686

NET ASSETS

28,605

29,156

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

28,505

29,056

SHAREHOLDERS' FUNDS

28,605

29,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr M Karachristou - Director

1.	STATUTORY INFORMATION

MKAZ Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,385,572

NET BOOK VALUE

At 28 February 2025

1,385,572

At 29 February 2024

1,385,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

2,106

-

Prepayments

1,023

2,489

3,129

2,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 8)

-

25,967

Trade creditors

1,998

2,751

Tax

-

1,089

Amounts owed to related party

303,446

613,446

Directors' current accounts

50,723

41,137

Deferred income

5,139

3,027

Accrued expenses

2,100

1,980

363,406

689,397

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans (see note 8)

1,050,050

681,686

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,050,050

603,786

8.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

29.2.24

£

£

Amounts falling due within one year or on demand:

Bank loans

-

25,967

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

25,967

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

51,933

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,050,050

603,786

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary shares

£1

100

100