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REGISTERED NUMBER: 05322818 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

ARZHIN LTD

ARZHIN LTD (REGISTERED NUMBER: 05322818)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARZHIN LTD

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Ms S A Scott
Mr A J L Scott





REGISTERED OFFICE: 11-13 Cavendish Square
Marylebone
London
W1G 0AN





REGISTERED NUMBER: 05322818 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

ARZHIN LTD (REGISTERED NUMBER: 05322818)

Balance Sheet
5 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,489 5,217
Investments 5 225,591 292,624
Investment property 6 371,000 371,000
603,080 668,841

CURRENT ASSETS
Debtors 7 711,810 1,217,076
Cash at bank 24,943 61,232
736,753 1,278,308
CREDITORS
Amounts falling due within one year 8 (1,049 ) (151,847 )
NET CURRENT ASSETS 735,704 1,126,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,338,784

1,795,302

CREDITORS
Amounts falling due after more than one
year

9

-

(100,980

)

PROVISIONS FOR LIABILITIES (23,063 ) (9,804 )
NET ASSETS 1,315,721 1,684,518

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 69,191 41,794
Retained earnings 1,246,528 1,642,722
SHAREHOLDERS' FUNDS 1,315,721 1,684,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

ARZHIN LTD (REGISTERED NUMBER: 05322818)

Balance Sheet - continued
5 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mr A J L Scott - Director


ARZHIN LTD (REGISTERED NUMBER: 05322818)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Arzhin 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investment property
Investment property assets are not depreciated and are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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

Current or deferred 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Fixed asset investments are measured at fair value and are not depreciated. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ARZHIN LTD (REGISTERED NUMBER: 05322818)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 13,628
Additions 3,548
At 5 April 2024 17,176
DEPRECIATION
At 6 April 2023 8,411
Charge for year 2,276
At 5 April 2024 10,687
NET BOOK VALUE
At 5 April 2024 6,489
At 5 April 2023 5,217

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 292,624
Disposals (72,877 )
Revaluations 5,844
At 5 April 2024 225,591
NET BOOK VALUE
At 5 April 2024 225,591
At 5 April 2023 292,624

Included in Fixed Asset Investments are two investment portfolios, with a combined value of £225,591 (2023: £292,624).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 371,000
NET BOOK VALUE
At 5 April 2024 371,000
At 5 April 2023 371,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2020 371,000

Included in investment properties are two freehold properties, with a combined fair value of £371,000.
In the opinion of the directors of the company, the fair value of the investment properties has not materially changed since their valuation in 2020.

ARZHIN LTD (REGISTERED NUMBER: 05322818)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 711,810 1,217,076

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 476 2,220
Taxation and social security - 93,165
Other creditors 573 56,462
1,049 151,847

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 100,980

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 100,980

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
Ms S A Scott and Mr A J L Scott
Balance outstanding at start of year 43,219 9,316
Amounts advanced 142,935 313,009
Amounts repaid (186,727 ) (279,106 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (573 ) 43,219