Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-10-01falseNo description of principal activity2falsefalse 13752083 2022-10-01 2023-09-30 13752083 2021-10-01 2022-09-30 13752083 2023-09-30 13752083 2022-09-30 13752083 c:Director1 2022-10-01 2023-09-30 13752083 d:FreeholdInvestmentProperty 2023-09-30 13752083 d:FreeholdInvestmentProperty 2022-09-30 13752083 d:CurrentFinancialInstruments 2023-09-30 13752083 d:CurrentFinancialInstruments 2022-09-30 13752083 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13752083 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13752083 d:ShareCapital 2023-09-30 13752083 d:ShareCapital 2022-09-30 13752083 d:RetainedEarningsAccumulatedLosses 2023-09-30 13752083 d:RetainedEarningsAccumulatedLosses 2022-09-30 13752083 c:FRS102 2022-10-01 2023-09-30 13752083 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13752083 c:FullAccounts 2022-10-01 2023-09-30 13752083 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13752083 6 2022-10-01 2023-09-30 13752083 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 13752083









AZAF LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
AZAF LIMITED
REGISTERED NUMBER: 13752083

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
-
200

Investment property
  
1,600,000
1,600,000

  
1,600,000
1,600,200

Current assets
  

Debtors: amounts falling due within one year
 6 
200
200

Cash at bank and in hand
 7 
222,889
-

  
223,089
200

Creditors: amounts falling due within one year
 8 
(52,797)
-

Net current assets
  
 
 
170,292
 
 
200

Total assets less current liabilities
  
1,770,292
1,600,400

  

Net assets
  
1,770,292
1,600,400


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
1,769,892
1,600,000

  
1,770,292
1,600,400


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Page 1

 
AZAF LIMITED
REGISTERED NUMBER: 13752083
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023



A N Merali
Director
Date: 19 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
AZAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Azaf Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Radius House, 51 Clarendon Road Watford, WD17 1HP.
The company's principal activity is that rental of commerical properties.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AZAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
AZAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
200



At 30 September 2023

200



Impairment


Charge for the period
200



At 30 September 2023

200



Net book value



At 30 September 2023
-



At 30 September 2022
200


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
1,600,000



At 30 September 2023
1,600,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
AZAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Called up share capital not paid
200
200

200
200



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
222,889
-

222,889
-



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
47,997
-

Accruals and deferred income
4,800
-

52,797
-


 
Page 6