Azul Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05325822 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Azul Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P J Walters

SECRETARY:

Mr P J Walters

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

05325822 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

Investment property

5

4,100,000

CURRENT ASSETS

Debtors

6

3,017

2,752

Cash at bank

63,462

77,955

66,479

80,707

CREDITORS

Amounts falling due within one year

7

1,229,725

1,378,823

NET CURRENT LIABILITIES

(1,163,246

)

(1,298,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,936,754

2,801,884

PROVISIONS FOR LIABILITIES

8

432,499

432,414

NET ASSETS

2,504,255

2,369,470

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

1,568,339

Retained earnings

10

935,816

801,031

SHAREHOLDERS' FUNDS

2,504,255

2,369,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 26 May 2026 and were signed by:

Mr P J Walters - Director

1.	STATUTORY INFORMATION

Azul Developments Ltd 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 as modified by the revaluation of certain assets.

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.

Computer equipment

-

33.33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2025

and 31 January 2026

3,320

DEPRECIATION

At 1 February 2025

and 31 January 2026

3,320

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

4,100,000

NET BOOK VALUE

At 31 January 2026

4,100,000

At 31 January 2025

4,100,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2008

(80,000

)

Valuation in 2020

1,380,754

Valuation in 2024

700,000

Cost

2,099,246

4,100,000

If historical costs had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

Cost

2,099,246

Investment property was valued on an open market basis on 31 January 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Prepayments

3,017

2,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

-

897

Tax

43,525

45,375

Other creditors

980,200

1,107,700

Directors' current accounts

204,401

223,327

Accrued expenses

1,599

1,524

1,229,725

1,378,823

8.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

Deferred tax

432,499

432,414

Deferred

tax

£

Balance at 1 February 2025

432,414

Provided during year

85

Balance at 31 January 2026

432,499

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

£1

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 February 2025

801,031

1,568,339

2,369,370

Profit for the year

134,785

At 31 January 2026

935,816

1,568,339

2,504,155