Mazza Mazza Ventures Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08959660 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Mazza Mazza Ventures Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S C Vaswani

Mrs N Vaswani

REGISTERED OFFICE:

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

REGISTERED NUMBER:

08959660 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

FIXED ASSETS

Investment property

5

5,584,000

1,573,000

CURRENT ASSETS

Debtors

63,092

2,275

Cash at bank

41,422

176,236

104,514

178,511

CREDITORS

Amounts falling due within one year

2,819,914

1,822,968

NET CURRENT LIABILITIES

(2,715,400

)

(1,644,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,868,600

(71,457

)

CREDITORS

Amounts falling due after more than one year

6

(3,274,742

)

-

PROVISIONS FOR LIABILITIES

-

(2,142

)

NET LIABILITIES

(406,142

)

(73,599

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(406,242

)

(73,699

)

SHAREHOLDERS' FUNDS

(406,142

)

(73,599

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 18 December 2018 and were signed on its behalf by:

Mrs N Vaswani - Director

1.	STATUTORY INFORMATION

Mazza Mazza Ventures Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's place of business is 60 Randolph Avenue, London, W9 1BE.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the year end the company has net liabilities of £406,142 (2017 - £73,599). The company is expected to

generate sufficient cash in the future to meet its financial obligations as they become due. Based on this, the

directors considers it appropriate that the financial statements should be prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

1,573,000

Additions

4,340,703

Revaluations

(329,703

)

At 31 March 2018

5,584,000

NET BOOK VALUE

At 31 March 2018

5,584,000

At 31 March 2017

1,573,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

5,584,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Mortgage more than 5 years

3,021,942

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

3,337,942

-

The bank loans have been secured by way of fixed charges against the properties to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100