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COMPANY REGISTRATION NUMBER: 10441676

Azzure Properties Limited

Filleted Unaudited Financial Statements

31 October 2024

Azzure Properties Limited

Statement of Financial Position

31 October 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 4 | 871,779 | 871,779

Current assets

Debtors | 5 | 98,430 | 101,163
Cash at bank and in hand | 2,034 | 7,001
| --------- | ---------
| 100,464 | 108,164

Creditors: amounts falling due within one year | 6 | ( 48,544) | ( 14,851)
| --------- | ---------
Net current assets | 51,920 | 93,313
| --------- | ---------
Total assets less current liabilities | 923,699 | 965,092

Creditors: amounts falling due after more than one year | 7 | ( 965,549) | ( 972,910)
| --------- | ---------
Net liabilities | ( 41,850) | ( 7,818)
| --------- | ---------

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | ( 41,852) | ( 7,820)
| -------- | --------
Shareholders deficit | ( 41,850) | ( 7,818)
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

G Ward
Director

Company registration number: 10441676

Azzure Properties Limited

Notes to the Financial Statements

Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Crescent, Ropergate, Pontefract, WF8 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts are prepared on a going concern basis even though there is a deficit of capital & reserves at the balance sheet date. This assumes the continued support of the creditors, in particular fellow group companies. The accounts do not contain any of the adjustments that would be required to restate assets at their recoverable amounts should the going concern basis prove to be inappropriate.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Revenue comprises the fair value of consideration received or receivable, net of value added tax. Revenue is recognised once the value of the transaction can be reliably measured and the significant risks and rewards of ownership have been transferred. Revenue in respect of speculative residential property sales is recognised on the date of legal completion. Revenue in respect of rental income received from investment properties is recognised on a straight-line basis over the term of the lease. The aggregate cost of incentives provided to lessees is recognised as a reduction of rental income over the lease term on a straight-line basis.
Income tax
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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 is realised.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Long-term bank loans Long-term hire purchase agreements Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit. Long-term bank loans are recorded at the amount of cash advanced plus transaction costs incurred. Long-term hire purchase agreements are recorded at the amount of cash advanced plus transaction costs incurred.
4. Tangible assets

| Freehold property
| £
Cost |
At 1 November 2023 and 31 October 2024 | 871,779
| ---------
Depreciation |
At 1 November 2023 and 31 October 2024 | –
| ---------
Carrying amount |
At 31 October 2024 | 871,779
| ---------
At 31 October 2023 | 871,779
| ---------

5. Debtors

| 2024 | 2023
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 85,500 | 91,500
Other debtors | 12,930 | 9,663
| -------- | ---------
| 98,430 | 101,163
| -------- | ---------

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 7,246 | 7,160
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 33,574 | 2,437
Other creditors | 7,724 | 5,254
| -------- | --------
| 48,544 | 14,851
| -------- | --------

7. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 471,130 | 478,491
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 494,419 | 494,419
| --------- | ---------
| 965,549 | 972,910
| --------- | ---------

8. Directors' advances, credits and guarantees
No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.
9. Controlling party
The company is a wholly owned subsidiary of Azzure Holdings Limited.