| MNZ Limited |
| Registered number: |
08442539 |
| Balance Sheet |
| as at 31 March 2025 |
|
|
|
|
|
|
|
Amended |
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
480,000 |
|
|
480,000 |
|
| Current assets |
| Debtors |
4 |
|
3,735 |
|
|
3,981 |
| Cash at bank and in hand |
|
|
40 |
|
|
35 |
|
|
|
3,775 |
|
|
4,016 |
|
| Creditors: amounts falling due within one year |
5 |
|
(309,654) |
|
|
(316,719) |
|
| Net current liabilities |
|
|
|
(305,879) |
|
|
(312,703) |
|
| Total assets less current liabilities |
|
|
|
174,121 |
|
|
167,297 |
|
|
| Provisions for liabilities |
|
|
|
(22,310) |
|
|
(22,310) |
|
|
| Net assets |
|
|
|
151,811 |
|
|
144,987 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20 |
|
|
20 |
| Revaluation reserve |
6 |
|
|
117,423 |
|
|
117,423 |
| Profit and loss account |
|
|
|
34,368 |
|
|
27,544 |
|
| Shareholder's funds |
|
|
|
151,811 |
|
|
144,987 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
| Zoya Tazeen Jafarey |
| Director |
| Approved by the board on 1 December 2025 |
|
| MNZ Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.Leashold property is included in the balace sheet at the open market value and no depreciation is charged.
Depreciation is provided on all tangible fixed assets, other than freehold land/leasehold, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Leasehold |
Not Depreciated |
|
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Investment property is included in the balance sheet at open market value at the balance sheet date on the basis of an annual valuation by the director. Aggregate surplus of deficits on valuation are transferred to a revaluation reserve. Impairment in value of properties to below their carrying values are charged directly to the profit and loss account. Although this policy is in accordance with applicable accounting standard, but it is departure from requirement of the companies act 2006 for all tangible assets to be depreciated. This accounting policy is necessary for the accounts to give true and fair view. |
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
|
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. |
|
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Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
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| 3 |
Tangible fixed assets |
|
|
|
|
|
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|
|
Land and buildings |
| £ |
|
Cost & Revaluation |
|
At 1 April 2024 |
480,000 |
|
At 31 March 2025 |
480,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
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|
|
|
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Net book value |
|
At 31 March 2025 |
480,000 |
|
At 31 March 2024 |
480,000 |
|
The property was revalued at £480,000 by the director. In the opinion of the director the value has remained the same at £480,000. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Managing agents |
2,388 |
|
3,000 |
|
Prepayments |
1,347 |
|
981 |
|
|
|
|
|
|
3,735 |
|
3,981 |
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director's account |
8,437 |
|
4,854 |
|
Loan- due to shareholders |
297,451 |
|
306,358 |
|
Accruals |
1,320 |
|
2,700 |
|
Corporation tax |
1,601 |
|
1,962 |
|
Other creditors |
845 |
|
845 |
|
|
|
|
|
|
309,654 |
|
316,719 |
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
117,423 |
|
117,423 |
|
|
At 31 March 2025 |
117,423 |
|
117,423 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
2025 |
|
2024 |
| £ |
£ |
|
|
Director and shareholder |
306,358 |
|
328,510 |
|
|
Above loan from shareholders is interest free and of no set terms. The director current account balance at the year end was £8,436 CR (2024 £4,854CR) and this account has always remained in credit. |
|
|
| 8 |
Share capital |
Nominal Value |
|
Number |
|
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
Alotted, called up and fully paid: |
£10 each |
|
2 |
|
20 |
|
20 |
|
Ordinary shares |
|
|
|
|
|
|
|
|
20 |
|
20 |
|
|
|
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|
| 9 |
Controlling party |
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The only director shareholder controls the company. |
| 10 |
Going concern |
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The director has reviewed a a period of 12 months from approval of these financial statements and concluded the company is able to meet its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis. |
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| 11 |
Other information |
|
|
MNZ Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
21 Uplands Road |
|
Kenley |
|
Surrey |
|
CR8 5EE |