IRIS Accounts Production v24.3.2.46 12062291 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120622912023-06-30120622912024-06-30120622912023-07-012024-06-30120622912022-06-30120622912022-07-012023-06-30120622912023-06-3012062291ns15:EnglandWales2023-07-012024-06-3012062291ns14:PoundSterling2023-07-012024-06-3012062291ns10:Director12023-07-012024-06-3012062291ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012062291ns10:SmallEntities2023-07-012024-06-3012062291ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012062291ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012062291ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012062291ns10:FullAccounts2023-07-012024-06-3012062291ns10:EntityHasNeverTraded2023-07-012024-06-3012062291ns10:RegisteredOffice2023-07-012024-06-3012062291ns5:CurrentFinancialInstruments2024-06-3012062291ns5:CurrentFinancialInstruments2023-06-3012062291ns5:ShareCapital2024-06-3012062291ns5:ShareCapital2023-06-3012062291ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3012062291ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3012062291ns5:RetainedEarningsAccumulatedLosses2024-06-3012062291ns5:RetainedEarningsAccumulatedLosses2023-06-3012062291ns5:RetainedEarningsAccumulatedLosses2023-06-3012062291ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3012062291ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 12062291 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AZZIN HOLDINGS LIMITED

AZZIN HOLDINGS LIMITED (REGISTERED NUMBER: 12062291)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AZZIN HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mrs K J Bedford





REGISTERED OFFICE: 1 Hawlands
Rugby
CV21 1JH





REGISTERED NUMBER: 12062291 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

AZZIN HOLDINGS LIMITED (REGISTERED NUMBER: 12062291)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 284,950 271,000

CURRENT ASSETS
Cash at bank 13,967 16,671

CREDITORS
Amounts falling due within one year 5 262,572 277,084
NET CURRENT LIABILITIES (248,605 ) (260,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,345

10,587

PROVISIONS FOR LIABILITIES 3,369 719
NET ASSETS 32,976 9,868

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 14,363 3,063
Retained earnings 6 18,513 6,705
32,976 9,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 March 2025 and were signed by:



Mrs K J Bedford - Director


AZZIN HOLDINGS LIMITED (REGISTERED NUMBER: 12062291)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Azzin Holdings 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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 271,000
Revaluations 13,950
At 30 June 2024 284,950
NET BOOK VALUE
At 30 June 2024 284,950
At 30 June 2023 271,000

AZZIN HOLDINGS LIMITED (REGISTERED NUMBER: 12062291)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 283,000
Valuation in 2023 (12,000 )
Valuation in 2024 13,950
284,950

If 29 Longstork Road had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 267,218 267,218

29 Longstork Road was valued on an open market basis on 26 March 2025 by online comparison to similar properties .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,770 2,508
Other creditors 259,802 274,576
262,572 277,084

6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 6,705 3,063 9,768
Profit for the year 23,108 23,108
Investment property (13,950 ) 13,950 -
Fair value deferred tax 2,650 (2,650 ) -
At 30 June 2024 18,513 14,363 32,876

7. RELATED PARTY DISCLOSURES

At 30 June 2024 other creditors include loans made to the company by its director amounting to £257,412 (2023 £272,936). The loans are interest free with no fixed date for repayment.

8. CONTROLLING PARTY

The controlling party is Mrs K J Bedford.