Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12501595 Mr Faizal Aziz Ayub Osman Ms Ruksana Faizal Osman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12501595 2024-03-31 12501595 2025-03-31 12501595 2024-04-01 2025-03-31 12501595 frs-core:Non-currentFinancialInstruments 2025-03-31 12501595 frs-core:ComputerEquipment 2025-03-31 12501595 frs-core:ComputerEquipment 2024-04-01 2025-03-31 12501595 frs-core:ComputerEquipment 2024-03-31 12501595 frs-core:FurnitureFittings 2025-03-31 12501595 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12501595 frs-core:FurnitureFittings 2024-03-31 12501595 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 12501595 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12501595 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12501595 frs-core:PlantMachinery 2025-03-31 12501595 frs-core:PlantMachinery 2024-04-01 2025-03-31 12501595 frs-core:PlantMachinery 2024-03-31 12501595 frs-core:ShareCapital 2025-03-31 12501595 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12501595 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12501595 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12501595 frs-bus:SmallEntities 2024-04-01 2025-03-31 12501595 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12501595 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12501595 frs-bus:Director1 2024-04-01 2025-03-31 12501595 frs-bus:Director2 2024-04-01 2025-03-31 12501595 frs-countries:EnglandWales 2024-04-01 2025-03-31 12501595 2023-03-31 12501595 2024-03-31 12501595 2023-04-01 2024-03-31 12501595 frs-core:Non-currentFinancialInstruments 2024-03-31 12501595 frs-core:ShareCapital 2024-03-31 12501595 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12501595
FAZ INVESTMENTS LTD
Financial Statements
For The Year Ended 31 March 2025
UK Tax Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12501595
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 362,008 256,979
362,008 256,979
CURRENT ASSETS
Debtors 5 41 505
Cash at bank and in hand 128 54
169 559
Creditors: Amounts Falling Due Within One Year 6 (179,992 ) (84,818 )
NET CURRENT ASSETS (LIABILITIES) (179,823 ) (84,259 )
TOTAL ASSETS LESS CURRENT LIABILITIES 182,185 172,720
Creditors: Amounts Falling Due After More Than One Year 7 (166,319 ) (160,822 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (291 )
NET ASSETS 15,866 11,607
CAPITAL AND RESERVES
Called up share capital 8 202 200
Profit and Loss Account 15,664 11,407
SHAREHOLDERS' FUNDS 15,866 11,607
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Faizal Aziz Ayub Osman
Director
6 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FAZ INVESTMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12501595 . The registered office is 8 Coplow Avenue, Leicester, Leicestershire, LE5 5WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 25% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 256,191 251 284 2,103 258,829
Additions 105,599 - - - 105,599
As at 31 March 2025 361,790 251 284 2,103 364,428
Depreciation
As at 1 April 2024 - 94 89 1,667 1,850
Provided during the period - 63 71 436 570
As at 31 March 2025 - 157 160 2,103 2,420
Net Book Value
As at 31 March 2025 361,790 94 124 - 362,008
As at 1 April 2024 256,191 157 195 436 256,979
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 41 505
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 179,992 84,818
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 165,000 160,000
Taxation and social security 1,319 822
166,319 160,822
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 202 200
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9. Related Party Transactions
During the year, the company received unsecured, interest-free loans from its directors and shareholders to support its operating and investment activities. These loans are repayable on demand and are disclosed within Creditors: Amounts falling due within one year. The total balance outstanding as at 31 March 2025 was £178,715.
In addition, the company has borrowed £165,000 from other companies under common control by mutual shareholders. These loans are subject to commercial rates of interest and are disclosed within Creditors: Amounts falling due after more than one year. These arrangements are governed by formal agreements and reflect arm’s length terms.
All related party transactions were conducted on mutually agreed commercial terms and in the ordinary course of business.
10. Off-Balance Sheet Arrangements
The company is engaged in the letting and operation of its own real estate interests. As at the reporting date, the company owns three leasehold flats within a residential development and has secured an agreement to acquire an additional leasehold flat in the same building.
While the legal title to the fourth flat has not yet transferred, the company is currently involved in the day-to-day management and operational running of this property. The company intends to complete the acquisition in the future, at which point the asset will be recognised on the balance sheet in accordance with applicable accounting standards.
These arrangements do not currently give rise to any recognised assets or liabilities in the financial statements but are disclosed here to highlight the company’s broader commitments and future acquisition intentions.
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