REGISTERED NUMBER: 09624393 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Aztec North Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Swift

REGISTERED OFFICE:

30 New Elvet

Durham

DH1 3AL

REGISTERED NUMBER:

09624393 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

15,525

27,945

Investment property

5

16,787,360

16,640,451

16,802,885

16,668,396

CURRENT ASSETS

Debtors

6

5,089,587

4,182,842

Cash at bank

228,888

28,584

5,318,475

4,211,426

CREDITORS

Amounts falling due within one year

7

4,847,734

4,810,601

NET CURRENT ASSETS/(LIABILITIES)

470,741

(599,175

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,273,626

16,069,221

CREDITORS

Amounts falling due after more than one year

8

16,813,654

15,570,350

NET ASSETS

459,972

498,871

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

459,970

498,869

459,972

498,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

N Swift - Director

1.	STATUTORY INFORMATION

Aztec North Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

49,680

DEPRECIATION

At 1 April 2024

21,735

Charge for year

12,420

At 31 March 2025

34,155

NET BOOK VALUE

At 31 March 2025

15,525

At 31 March 2024

27,945

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

16,640,451

Additions

146,909

At 31 March 2025

16,787,360

NET BOOK VALUE

At 31 March 2025

16,787,360

At 31 March 2024

16,640,451

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

46,637

52,450

Other debtors

5,032,943

4,120,329

Prepayments and accrued income

10,007

10,063

5,089,587

4,182,842

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,490

12,277

Social security and other taxes

-

5,313

Other creditors

4,843,494

4,790,361

Accruals and deferred income

2,750

2,650

4,847,734

4,810,601

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yrs non-inst

16,813,654

15,570,350

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

16,813,654

15,570,350

9.	RELATED PARTY DISCLOSURES

During the year the company operated intercompany loans with companies in which Mr N. Swift is a director and shareholder. The balance of loans owed in was £5,032,943 (2024:£4,120,329) and is included in Other debtors. The balances of loans owed out was £4,839,684 (2024:£4,789,684) and is included in Other creditors.The loans are repayable on demand and interest free.