Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 25 October 2022 false 1 November 2023 31 July 2024 31 July 2024 14442926 Mr Farhan Aziz Mr Saqib Rafique iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14442926 2023-10-31 14442926 2024-07-31 14442926 2023-11-01 2024-07-31 14442926 frs-core:CurrentFinancialInstruments 2024-07-31 14442926 frs-core:Non-currentFinancialInstruments 2024-07-31 14442926 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 14442926 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 14442926 frs-core:ShareCapital 2024-07-31 14442926 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14442926 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-07-31 14442926 frs-bus:FilletedAccounts 2023-11-01 2024-07-31 14442926 frs-bus:SmallEntities 2023-11-01 2024-07-31 14442926 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-07-31 14442926 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-07-31 14442926 frs-bus:Director1 2023-11-01 2024-07-31 14442926 frs-bus:Director2 2023-11-01 2024-07-31 14442926 frs-countries:EnglandWales 2023-11-01 2024-07-31 14442926 2022-10-24 14442926 2023-10-31 14442926 2022-10-25 2023-10-31 14442926 frs-core:CurrentFinancialInstruments 2023-10-31 14442926 frs-core:Non-currentFinancialInstruments 2023-10-31 14442926 frs-core:ShareCapital 2023-10-31 14442926 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14442926
Faaz Estate Investments Ltd
Financial Statements
For the Period 1 November 2023 to 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14442926
31 July 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 574,860 574,860
574,860 574,860
CURRENT ASSETS
Cash at bank and in hand 5,392 4,270
5,392 4,270
Creditors: Amounts Falling Due Within One Year 5 (23,389 ) (6,697 )
NET CURRENT ASSETS (LIABILITIES) (17,997 ) (2,427 )
TOTAL ASSETS LESS CURRENT LIABILITIES 556,863 572,433
Creditors: Amounts Falling Due After More Than One Year 6 (550,500 ) (570,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,508 ) (27,508 )
NET LIABILITIES (21,145 ) (25,075 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (21,245 ) (25,175 )
SHAREHOLDERS' FUNDS (21,145) (25,075)
For the period ending 31 July 2024 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 Farhan Aziz
Director
10 July 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Faaz Estate Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14442926 . The registered office is 1 Mychell House, Pincott Road, Wimbledon, London, England, SW19 2NN.
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. 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:
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 November 2023 574,860
As at 31 July 2024 574,860
Net Book Value
As at 31 July 2024 574,860
As at 1 November 2023 574,860
5. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 October 2023
£ £
Trade creditors 9,500 -
Other creditors 12,150 6,150
Taxation and social security 1,739 547
23,389 6,697
6. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 October 2023
£ £
Bank loans 100,697 -
Amounts owed to group undertakings 449,803 570,000
550,500 570,000
Page 2
Page 3
7. Share Capital
31 July 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3