Meze Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09902245

Meze Properties Limited

Filleted Unaudited Financial Statements

30 April 2025

Meze Properties Limited

Financial Statements

Year ended 30 April 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Meze Properties Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Meze Properties Limited

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meze Properties Limited for the year ended 30 April 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Meze Properties Limited, as a body, in accordance with the terms of our engagement letter dated 10 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Meze Properties Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meze Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Meze Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Meze Properties Limited. You consider that Meze Properties Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Meze Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

18 November 2025

Meze Properties Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	212,307	212,307

Current assets

Debtors	5	–	1,510
Cash at bank and in hand		1,412	1,275
		-------	-------
		1,412	2,785

Creditors: amounts falling due within one year	6	128,520	119,657
		---------	---------
Net current liabilities		127,108	116,872
		---------	---------
Total assets less current liabilities		85,199	95,435

Creditors: amounts falling due after more than one year	7	84,275	95,249
		--------	--------
Net assets		924	186
		--------	--------

Meze Properties Limited

Statement of Financial Position (continued)

30 April 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	824	86
	----	----
Shareholders funds	924	186
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Mr P J Turner

Director

Company registration number: 09902245

Meze Properties Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1b Rialto, 2 Kelham Square, Kelham Riverside, Sheffield, S3 8SD, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Investment Property	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	212,307	212,307
	---------	---------
Depreciation
At 1 May 2024 and 30 April 2025	–	–
	---------	---------
Carrying amount
At 30 April 2025	212,307	212,307
	---------	---------
At 30 April 2024	212,307	212,307
	---------	---------

The company's tangible fixed assets consist solely of investment property. No depreciation has been charged in these financial statements in respect of this investment property. The total of £212,307 comprises the historic cost of £212,307. The directors consider the March 2017 purchase price of £212,307 to reflect the open market and fair value at the year end. If the property were to be sold for this carrying value, there would be no corporation tax liability arising.

5. Debtors

	2025	2024
	£	£
Trade debtors	–	1,510
	----	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	12,009	7,821
Trade creditors	3,661	1,650
Corporation tax	2,519	3,926
Social security and other taxes	561	906
Other creditors	109,770	105,354
	---------	---------
	128,520	119,657
	---------	---------

Included in bank loans and overdrafts above is a total of £12,009 (2024 £7,821) of loan, secured on the assets of the company.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	84,275	95,249
	--------	--------

Included in bank loans and overdrafts above is a total of £84,275 (2024 £95,249) of loan, secured on the assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £41,934 (2024: £46,875) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

A fixed rate of 3.5% interest above base is applicable to this loan.

8. Related party transactions

The company was under the control of Mr P J Turner throughout the period by virtue of his ownership of the majority of the share capital. At the year end date, the company was indebted to Meze Publishing Limited, a company also under the control of Mr P J Turner , in the sum of £61,342 (2024 £60,821), by way of loan. The balance is free of interest and is included within other creditors. At the year end date, the company was indebted to Blind Mice Media Limited, a company also under the control of Mr P J Turner , in the sum of £44,438 (2024 £40,793). The balance is free of interest and is included within other creditors.