Company Overview
Musiad is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Thursday 05 May 2016, so this is a well established company. Musiad has been in business for 9 years and 10 months. The accounts status is micro entity and the accounts are next due on Saturday 28 February 2026.
Registered Address

100 Bishopsgate, Floor 18, London, EC2N 4AG
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Companies House Data
Company NameMUSIAD
Company Number10165395
Registered Office Address100 Bishopsgate
 Floor 18
 EC2N 4AG
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date05/05/2016
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date31/05/2026
Accounts Last Made Up Date31/05/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date02/06/2017
Directors & Members
Show Resigned
Turkan Akbas - Director
(British, 44 years old, born July 1982)
Appointed 06 January 2023
 Active
Secretaries
Show Resigned
Other Company Directorships
Turkan Akbas
AKBAS LEGAL CONSULTANCY LTD
BISHOPSGATE SOLS LIMITED
CSMM PROPERTIES LTD
PENRITHS ACCOUNTING LTD
PRESTIGE GLOBAL INVESTMENTS GROUP LTD
SAVE 1 LIFE OFFICIAL LTD
TURKAN SULTAN LTD
TURKEN FOUNDATION UK
TURKISH BUSINESS CENTRE LTD
TWINS INVESTMENTS UK LIMITED
Balance Sheet Unlock full report
Accounts Date 31-May-2024 31-May-2021 31-May-2020
Balance Sheet
Fixed Assets 0 0 0
Current Assets 8,334 8,334 10,055
Creditors Due Within One Year 390 390 390
Working Cap 7,944 7,944 9,665
Total Assets Less Current Liabilities 7,944 7,944 9,665
Long-term Liabilities 1,263 1,263 1,263
Net Assets 6,681 6,681 8,402
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 6,681 6,681 8,402
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2021 31-May-2020
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 4.7% 4.7% 3.9%
Net Current Assets Liabilities 95.3% 95.3% 96.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 80.2% 80.2% 83.6%
Capital Employed - - -
Total Assets Less Current Liabilities 95.3% 95.3% 96.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2021 31-May-2020
Liquidity Ratio 21.4 21.4 25.8
Solvency Ratio 5.0 5.0 6.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2021 31-May-2020
Assets 8,334 8,334 10,055
Debt 1,653 1,653 1,653
Net Assets/Debt 6,681 6,681 8,402

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around EC2N 4AG
ST ETHELBURGA'S CENTRE FOR RECONCILIATION AND PEACE
78 Bishopsgate, London, EC2N 4AG
ST ETHELBURGA'S CENTRE (TRADING) LIMITED
78 BISHOPSGATE, LONDON, EC2N 4AG
Document Filings
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 4 May 2025 with no updates
Notification of Turkan Akbas as a person with significant control on 10 April 2025
Termination of appointment of Murat Bingol as a director on 10 April 2025
Cessation of Murat Bingol as a person with significant control on 10 April 2024
Confirmation statement made on 4 May 2024 with no updates
Confirmation statement made on 4 May 2023 with no updates
Registered office address changed from 100 Bishopsgate Floor 18 London EC2M 1GT England to 100 Bishopsgate Floor 18 London EC2N 4AG on 25 January 2023
Termination of appointment of Halil Erdogan as a secretary on 11 January 2023
Registered office address changed from 235-239 Ashley House Office 403 High Road London N22 8HF England to 100 Bishopsgate Floor 18 London EC2M 1GT on 9 January 2023
Appointment of Mrs Turkan Akbas as a director on 6 January 2023
Appointment of Mr Murat Bingol as a director on 6 January 2023
Notification of Murat Bingol as a person with significant control on 6 January 2023
Cessation of Mustafa Demir as a person with significant control on 9 January 2023
Termination of appointment of Mustafa Demir as a director on 9 January 2023
Notification of Mustafa Demir as a person with significant control on 19 December 2022
Withdrawal of a person with significant control statement on 22 December 2022
Confirmation statement made on 4 May 2022 with no updates
Registered office address changed from 68 Stoke Newington High Street London N16 7PA England to 235-239 Ashley House Office 403 High Road London N22 8HF on 9 February 2022
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