Company Registration No. 12694195 (England and Wales)
FZH PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2023
FZH PROPERTIES LTD
Unaudited accounts
Contents
FZH PROPERTIES LTD
Company Information
for the year ended 31 March 2023
Director
Faraz Hassan AGHA
Company Number
12694195 (England and Wales)
Registered Office
66C ASKEW ROAD
LONDON
W12 9BJ
ENGLAND
Accountants
Ahmad Brooke and co Ltd
66C
Askew Road
London
W12 9BJ
FZH PROPERTIES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
1,051,564
1,067,577
Cash at bank and in hand
28,260
9,027
Creditors: amounts falling due within one year
(4,073)
(1,755)
Net current assets
147,514
7,587
Total assets less current liabilities
1,199,078
1,075,164
Creditors: amounts falling due after more than one year
(1,190,140)
(1,067,577)
Called up share capital
100
100
Profit and loss account
8,838
7,487
Shareholders' funds
8,938
7,587
For the year ending 31 March 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 11 March 2024 and were signed on its behalf by
Faraz Hassan AGHA
Director
Company Registration No. 12694195
FZH PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
FZH PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12694195. The registered office is 66C ASKEW ROAD, LONDON, W12 9BJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
1.5% STRAIGHT LINE
4
Tangible fixed assets
Land & buildings
At 31 March 2023
1,067,577
Charge for the year
16,013
At 31 March 2023
1,051,564
At 31 March 2022
1,067,577
FZH PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
123,327
315
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,073
1,755
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
761,250
761,250
Loans from directors
428,890
306,327
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).