Acorah Software Products - Accounts Production 16.4.675 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09118065 Mr Farhan Aziz Mr Saqib Rafique iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09118065 2023-07-31 09118065 2024-07-31 09118065 2023-08-01 2024-07-31 09118065 frs-core:CurrentFinancialInstruments 2024-07-31 09118065 frs-core:Non-currentFinancialInstruments 2024-07-31 09118065 frs-core:RevaluationReserve 2023-07-31 09118065 frs-core:RevaluationReserve 2024-07-31 09118065 frs-core:ShareCapital 2024-07-31 09118065 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09118065 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09118065 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09118065 frs-bus:SmallEntities 2023-08-01 2024-07-31 09118065 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09118065 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09118065 frs-core:DeferredTaxation 2023-07-31 09118065 frs-core:DeferredTaxation 2024-07-31 09118065 frs-bus:Director1 2023-08-01 2024-07-31 09118065 frs-bus:Director2 2023-08-01 2024-07-31 09118065 frs-countries:EnglandWales 2023-08-01 2024-07-31 09118065 2022-07-31 09118065 2023-07-31 09118065 2022-08-01 2023-07-31 09118065 frs-core:CurrentFinancialInstruments 2023-07-31 09118065 frs-core:Non-currentFinancialInstruments 2023-07-31 09118065 frs-core:RevaluationReserve 2023-07-31 09118065 frs-core:ShareCapital 2023-07-31 09118065 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09118065
Faaz Estate & Builders Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09118065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,100,152 819,082
1,100,152 819,082
CURRENT ASSETS
Debtors 5 485,666 599,200
Cash at bank and in hand 6,304 3,028
491,970 602,228
Creditors: Amounts Falling Due Within One Year 6 (77,354 ) (63,686 )
NET CURRENT ASSETS (LIABILITIES) 414,616 538,542
TOTAL ASSETS LESS CURRENT LIABILITIES 1,514,768 1,357,624
Creditors: Amounts Falling Due After More Than One Year 7 (1,287,737 ) (1,100,123 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,790 ) (23,790 )
NET ASSETS 203,241 233,711
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 101,419 101,419
Profit and Loss Account 101,820 132,290
SHAREHOLDERS' FUNDS 203,241 233,711
Page 1
Page 2
For the year 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
13 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Faaz Estate & Builders Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09118065 . The registered office is 1 Mychell House, Pincott Road, Wimbledon, London, 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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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 year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 819,082
Additions 281,070
As at 31 July 2024 1,100,152
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,700 3,200
Other debtors 37,663 26,000
43,363 29,200
Due after more than one year
Amounts owed by group undertakings 442,303 570,000
485,666 599,200
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,000 -
Bank loans and overdrafts 35,813 43,167
Other creditors 36,541 20,519
77,354 63,686
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,287,737 1,100,123
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 1,100,123
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 23,790 23,790
Balance at 31 July 2024 23,790 23,790
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Revaluation Reserve
£
As at 1 August 2023 101,419
As at 31 July 2024 101,419
12. Related Party Transactions
Included in debtors is £442,302.66 receivable from Faaz Estate Invstments Ltd. This amount is related to the disposal of long leases out of freehold to the above mentioned company which is 100% wholy owned subsidary of the reporting entity.   
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