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Company Registration No. 10203506 (England and Wales)
AZAD HOLDINGS LIMITED Unaudited accounts for the year ended 31 May 2023
AZAD HOLDINGS LIMITED Unaudited accounts Contents
Page
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AZAD HOLDINGS LIMITED Company Information for the year ended 31 May 2023
Director
Mr Abdul Azad
Company Number
10203506 (England and Wales)
Registered Office
334c Ley Street Ilford Essex IG1 4AF England
Accountants
The Finance Equation Ltd 334 Ley Street Ilford England IG1 4AF
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AZAD HOLDINGS LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,100,124 
2,100,124 
Current assets
Debtors
50,000 
56,969 
Cash at bank and in hand
68,429 
241,263 
118,429 
298,232 
Creditors: amounts falling due within one year
- 
(1,032,682)
Net current assets/(liabilities)
118,429 
(734,450)
Total assets less current liabilities
2,218,553 
1,365,674 
Creditors: amounts falling due after more than one year
(2,113,299)
(1,265,371)
Provisions for liabilities
Deferred tax
(46,133)
(46,133)
Net assets
59,121 
54,170 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
397,438 
397,438 
Profit and loss account
(338,318)
(343,269)
Shareholders' funds
59,121 
54,170 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Mr Abdul Azad Director Company Registration No. 10203506
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AZAD HOLDINGS LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
AZAD HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10203506. The registered office is 334c Ley Street, Ilford, Essex, IG1 4AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
2,100,124 
At 31 May 2023
2,100,124 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
2,100,124 
At 31 May 2022
2,100,124 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
50,000 
56,969 
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AZAD HOLDINGS LIMITED Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
200,000 
Other creditors
- 
832,682 
- 
1,032,682 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,465,371 
1,265,371 
Other creditors
647,928 
- 
2,113,299 
1,265,371 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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