Registration number: 07675630

Azza Fahmy Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Azza Fahmy Limited

Company Information

Director

F Ghaly

Registered office

c/o Coddan C P M Ltd Unit 3, Office A 1st Floor , 6-7 St Mary At Hill London EC3R 8EE

Accountants

JTTF Accountants Ltd Office 20 1 Rocks Lane Barnes London SW13 0DB

Azza Fahmy Limited

(Registration number: 07675630)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	576,969	85,113
Current assets
Debtors	5	122,024	100,591
Cash at bank and in hand		435,339	127,057
		557,363	227,648
Creditors: Amounts falling due within one year	6	(2,137,014)	(1,324,754)
Net current liabilities		(1,579,651)	(1,097,106)
Net liabilities		(1,002,682)	(1,011,993)
Capital and reserves
Called up share capital	7	300	300
Retained earnings		(1,002,982)	(1,012,293)
Shareholders' deficit		(1,002,682)	(1,011,993)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2025
 

......................................... F Ghaly Director

Azza Fahmy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Coddan C P M Ltd
Unit 3, Office A
1st Floor , 6-7 St Mary At Hill
London
EC3R 8EE

The principal place of business is:
c/o Coddan C P M Ltd
Unit 3, Office A
1st Floor , 6-7 St Mary At Hill
London
EC3R 8EE

These financial statements were authorised for issue by the director on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Azza Fahmy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Azza Fahmy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	6,378	23,069	-	29,447
Additions	486,521	77,760	15,980	580,261
At 31 December 2024	492,899	100,829	15,980	609,708
Depreciation
At 1 January 2024	-	20,334	-	20,334
Charge for the year	-	12,139	266	12,405
At 31 December 2024	-	32,473	266	32,739
Carrying amount
At 31 December 2024	492,899	68,356	15,714	576,969
At 31 December 2023	82,378	2,735	-	85,113

Included within the net book value of land and buildings above is £492,899 (2023 - £82,378) in respect of short leasehold land and buildings.
 

5

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties	8	29,319	25,897
Other debtors		92,705	74,694
		122,024	100,591

Azza Fahmy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	2,100,363	1,319,325
Taxation and social security		9,668	3,136
Accruals and deferred income		-	242
Other creditors		26,983	2,051
		2,137,014	1,324,754

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
300 Ordinary shares of £1 each	300	300	300	300

8	Related party transactions

The amount of £2,100,363 (2023: £1,319,325) within Creditors: Amounts falling due within one year is due to a related party Jewellery of Egypt which has common shareholders.

The amount of £29,319 (2023: £25,897) within Current Assets is due to the related party Azza Fahmy International which is the parent company.