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REGISTERED NUMBER: 05426921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AZMAHOMED LIMITED

AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AZMAHOMED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A A Mohamed
B Perukkaranai Madabhu





SECRETARY: B Perukkaranai Madabhu





REGISTERED OFFICE: 1 High Street
Colliers Wood
London
SW19 2JE





REGISTERED NUMBER: 05426921 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
London
NW3 5JJ

AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,033,112 10,016,247

CURRENT ASSETS
Debtors 5 1,266,589 372,749
Cash at bank 449,921 385,543
1,716,510 758,292
CREDITORS
Amounts falling due within one year 6 5,064,625 3,149,250
NET CURRENT LIABILITIES (3,348,115 ) (2,390,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,684,997

7,625,289

CREDITORS
Amounts falling due after more than one year 7 (3,372,948 ) (4,483,381 )

PROVISIONS FOR LIABILITIES (162,224 ) (162,224 )
NET ASSETS 3,149,825 2,979,684

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 2,849,825 2,679,684
3,149,825 2,979,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




A A Mohamed - Director


AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Azmahomed Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - see below
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

The company adopts the group policy with regards to investment property as follows:

Investment Properties
Investment properties are included in the balance sheet at their cost in accordance with the Provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Ireland" and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial assets
Short term debtors are measured at transaction price, less any impairment. Other financial assets, including loans to group companies are measured initially at fair value, net of transactions costs and are subsequently measured at amortised cost using the effective interest method, less any impairment.

Financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including loans from group companies 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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt the going concern policy in preparing its financial statements.

Related parties
The company has taken advantage of FRS 102, Section 1AC 35, for the disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member. Amounts owed to and from group companies are therefore shown in aggregate.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less,and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 10,014,521 281,560 10,296,081
Additions 17,297 - 17,297
At 31 March 2024 10,031,818 281,560 10,313,378
DEPRECIATION
At 1 April 2023 - 279,834 279,834
Charge for year - 432 432
At 31 March 2024 - 280,266 280,266
NET BOOK VALUE
At 31 March 2024 10,031,818 1,294 10,033,112
At 31 March 2023 10,014,521 1,726 10,016,247

AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2011 255,948 - 255,948
Valuation in 2014 (129,076 ) - (129,076 )
Valuation in 2019 522,026 - 522,026
Cost 9,382,920 281,560 9,664,480
10,031,818 281,560 10,313,378

Properties to the value of £10,031,817 are included at open market value as valued by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,090 21,250
Amounts owed by participating interests 982,500 -
Other debtors 266,999 351,499
1,266,589 372,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,227,870 222,163
Trade creditors 1 (1 )
Amounts owed to group undertakings 3,642,371 2,742,371
Taxation and social security 11,342 13,043
Other creditors 183,041 171,674
5,064,625 3,149,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 594,388 1,826,421
Other creditors 2,778,560 2,656,960
3,372,948 4,483,381

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 453,044 483,399

AZMAHOMED LIMITED (REGISTERED NUMBER: 05426921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,822,258 2,048,584
Other creditors 2,778,560 2,656,960
4,600,818 4,705,544

The bank loans are secured by first legal charge over the freehold investment properties.

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £6,420,931 (2023: £5,399,331) owed to group companies.

Included in debtors is an amount of £982,500 (2023: £0.00) owed by connected companies.