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REGISTERED NUMBER: 10939936 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KAZ INVESTMENTS LTD

KAZ INVESTMENTS LTD (REGISTERED NUMBER: 10939936)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAZ INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K Bhimji
Z Bhimji
S Jetha
H Bhimji





REGISTERED OFFICE: 87 South Lambeth Road
Vauxhall
London
SW8 1RN





REGISTERED NUMBER: 10939936 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

KAZ INVESTMENTS LTD (REGISTERED NUMBER: 10939936)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,233,543 3,212,589

CURRENT ASSETS
Debtors 5 133,109 184,600
Cash at bank 119,281 31,049
252,390 215,649
CREDITORS
Amounts falling due within one year 6 1,113,222 1,093,343
NET CURRENT LIABILITIES (860,832 ) (877,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,372,711

2,334,895

CREDITORS
Amounts falling due after more than one
year

7

2,100,000

2,100,000
NET ASSETS 272,711 234,895

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 271,711 233,895
SHAREHOLDERS' FUNDS 272,711 234,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





K Bhimji - Director


KAZ INVESTMENTS LTD (REGISTERED NUMBER: 10939936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Kaz Investments 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The company is financed by loans from the directors. Whilst this balance is due on demand, the directors have indicated that this balance will only be drawn to the extent that the company's cash flows can support repayment. The forecast cash flow of the company support that liabilities can be met as they fall due.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover
Turnover represents amounts receivable by the company in respect of rent receivable during the period. Turnover is exempt from Value Added Tax.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022 3,212,589
Additions 20,954
At 31 March 2023 3,233,543
NET BOOK VALUE
At 31 March 2023 3,233,543
At 31 March 2022 3,212,589

KAZ INVESTMENTS LTD (REGISTERED NUMBER: 10939936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY - continued

Investment property was valued on an open market basis at 31 March 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 430 -
VAT - 10,802
Deferred tax asset 123,000 135,000
Prepayments 9,679 38,798
133,109 184,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 37,113
Amounts owed to group undertakings 7,000 -
Other creditors 33,399 29,517
Directors' current accounts 1,033,006 989,478
Accruals and deferred income 39,817 37,235
1,113,222 1,093,343

Following a group restructure on 8 November 2022, amounts due to companies under common control at 31 March 2022 that were included in other creditors (£7,000) and other creditors due greater than one year (£2,100,000) have no comparative at 31 March 2023. At 31 March 2023, balances with those companies are now shown as amounts due to group undertakings.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 2,100,000 -
Other creditors - 2,100,000
2,100,000 2,100,000

The amount due to a group company is secured by way of a fixed charge over the investment property owned by the company.