ACCOUNTS - Final Accounts preparation

Share capital

Registered number: 14668493

MEMOZ LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2025

MEMOZ LIMITED

REGISTERED NUMBER: 14668493

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Investment property	4		352,608		352,608
			352,608		352,608
Current assets
Debtors: amounts falling due within one year	5	5,053		5,670
Cash at bank and in hand	6	1,735		1,831
		6,788		7,501
Creditors: amounts falling due within one year	7	(119,830)		(120,100)
Net current liabilities			(113,042)		(112,599)
Total assets less current liabilities			239,566		240,009
Creditors: amounts falling due after more than one year	8		(243,063)		(243,063)

Net liabilities			(3,497)		(3,054)

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		(3,597)	(3,154)
		(3,497)	(3,054)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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MEMOZ LIMITED

REGISTERED NUMBER: 14668493

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

Birol Can

Director

Date: 16 October 2025

The notes on pages 3 to 6 form part of these financial statements.

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MEMOZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.	General information

MEMOZ LIMITED is a private company limited by share capital, Incorporated in England and Wales, registration number 14668493. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

2.3

Revenue

Revenue is rental income from investment properties which is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant takes possession or controls the physical use of the lease space.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.7

Investment property

Investment property is carried at fair value determined annually by the Director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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MEMOZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 - 2).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 March 2024	352,608
	At 28 February 2025	352,608

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					28 February
					2025
					£


	Other debtors	4,253
	Prepayments and accrued income	800

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MEMOZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

5.Debtors (continued)

		5,053

6.	Cash and cash equivalents
		28 February
		2025
		£

	Cash at bank and in hand	1,735
		1,735

7.	Creditors: Amounts falling due within one year
		28 February
		2025
		£

	Other creditors	118,900
	Accruals and deferred income	930
		119,830

8.	Creditors: Amounts falling due after more than one year
		28 February
		2025
		£

	Bank loans	243,063
		243,063

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MEMOZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

9.	Loans
	Analysis of the maturity of loans is given below:
		28 February
		2025
		£




	Amounts falling due after more than 5 years
	Bank loans	243,063
		243,063

Bank loans totaling £243,063 at the year end are secured by way of charge over the company’s investment property.

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

11.	Related party transactions
	Included within Other Creditors due within less than 1 year is a loan amount of £117,000 due to a company under common control. The loan is unsecured, free of interest and repayable on demand. Included within Other Creditors due in less than one year is a loan amount of £1,900 due to the Directors. The loan is unsecured, free of interest and repayable on demand.

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