Registered number
06290661
Nazman Holdings Ltd
Unaudited Filleted Accounts
31 December 2023
Nazman Holdings Ltd
Registered number: 06290661
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,813,360 5,996,353
Investments 4 1 1
4,813,361 5,996,354
Current assets
Debtors 5 850,873 694,416
Cash at bank and in hand 346,881 53,890
1,197,754 748,306
Creditors: amounts falling due within one year 6 (114,007) (37,488)
Net current assets 1,083,747 710,818
Total assets less current liabilities 5,897,108 6,707,172
Creditors: amounts falling due after more than one year 7 (947,935) (1,859,091)
Net assets 4,949,173 4,848,081
Capital and reserves
Called up share capital 4,266,000 4,266,000
Profit and loss account 683,173 582,081
Shareholders' funds 4,949,173 4,848,081
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N A A Choudhury
Director
Approved by the board on 13.09.2024
Nazman Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 5,996,353
Additions (6,440)
Disposals (1,176,553)
At 31 December 2023 4,813,360
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 4,813,360
At 31 December 2022 5,996,353
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 1
At 31 December 2023 1
5 Debtors 2023 2022
£ £
Trade debtors 5,000 35,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest 845,373 659,373
Other debtors 500 43
850,873 694,416
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,225 11,740
Trade creditors 3,199 508
Taxation and social security costs 44,000 11,925
Other creditors 61,583 13,315
114,007 37,488
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 686,895 1,424,100
Other creditors 261,040 434,991
947,935 1,859,091
8 Related party transactions
M A Choudhury, R A Choudhury, S A Choudhury, M A A Choudhury, N A A Choudhury and Moazzam A A Choudhury.Directors
At the Balance Sheet date, the Directors were jointly owed £244,123 (2022: £522,277) by the Company.
During the year, the Directors received the following in dividends:-
M A Choudhury £2,000, R A Choudhury £1,000, S A Choudhury £1,000, M A A Choudhury £1,000, N A A Choudhury £1,000, Moazzam A A Choudhury £1,000.

9 Controlling party
The directors are the ultimate controlling party.
10 Other information
Nazman Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Grange
Stoney Ridge Road
Bingley
BD16 1UN
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