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Registered number: 12106350
Nzino Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2026
Optimise Accountants Ltd
Office 15 Bramley House Bramley Road
Long Eaton
Nottingham
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12106350
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,336 150,420
150,336 150,420
CURRENT ASSETS
Debtors 5 199 322
Cash at bank and in hand 222 1,791
421 2,113
Creditors: Amounts Falling Due Within One Year 6 (56,475 ) (56,632 )
NET CURRENT ASSETS (LIABILITIES) (56,054 ) (54,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES 94,282 95,901
Creditors: Amounts Falling Due After More Than One Year 7 (84,159 ) (84,158 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,493 ) (11,493 )
NET (LIABILITIES)/ASSETS (1,370 ) 250
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 48,996 48,996
Profit and Loss Account (50,466 ) (48,846 )
SHAREHOLDERS' FUNDS (1,370) 250
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For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Magnus Rutqvist
Director
04/11/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nzino Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12106350 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% on RBB
2.5. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
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4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 August 2025 150,000 925 150,925
As at 31 July 2026 150,000 925 150,925
Depreciation
As at 1 August 2025 - 505 505
Provided during the period - 84 84
As at 31 July 2026 - 589 589
Net Book Value
As at 31 July 2026 150,000 336 150,336
As at 1 August 2025 150,000 420 150,420
5. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 199 322
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Director's loan account 56,475 56,632
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 84,159 84,158
8. Secured Creditors
Of the creditors the following amounts are secured. The below bank loans are secured on the investment properties. They are interest only with a term of 10 years.
2026 2025
£ £
Bank loans and overdrafts 84,159 84,158
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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10. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 August 2025 48,996 (48,846 )
Loss for the year and total comprehensive income - (1,620 )
As at 31 July 2026 48,996 (50,466 )
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Magnus Rutqvist by virtue of his ownership of 100% of the issued share capital in the company.
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