Afraz Investments Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Statement of Changes in Equity	5
Notes to the Financial Statements	6—9

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Accountants' Report

For The Year Ended 31 March 2026

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Afraz Investments Limited For The Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Afraz Investments Limited For The Year Ended 31 March 2026 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Afraz Investments Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Afraz Investments Limited and state those matters that we have agreed to state to the director of Afraz Investments Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Afraz Investments Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Afraz Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Afraz Investments Limited . You consider that Afraz Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Afraz Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

01/06/2026

Sterling Accounting Solutions Ltd

Chartered Accountants

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Afraz Investments Limited

Statement of Financial Position

As At 31 March 2026

Statement of Financial Position

Registered number: 10476285

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,808		7,188
Investments	5		2,850,991		2,850,991

			2,855,799		2,858,179
CURRENT ASSETS
Debtors	6	3,110,500		1,665,688
Cash at bank and in hand		121,568		23,644

		3,232,068		1,689,332
Creditors: Amounts Falling Due Within One Year	7	(2,563,832 )		(2,247,065 )

NET CURRENT ASSETS (LIABILITIES)			668,236		(557,733 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,524,035		2,300,446

Creditors: Amounts Falling Due After More Than One Year	8		(476,640 )		(517,874 )

NET ASSETS			3,047,395		1,782,572

CAPITAL AND RESERVES
Called up share capital	9		75		100
Other reserves			(201,975 )		-
Income Statement			3,249,295		1,782,472

SHAREHOLDERS' FUNDS			3,047,395		1,782,572

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Afraz Investments Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mahdi Kazemzadeh

Director

01/06/2026

The notes on pages 6 to 9 form part of these financial statements.

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Afraz Investments Limited

Statement of Changes in Equity

For The Year Ended 31 March 2026

Statement of Changes in Equity

	Share Capital	Other reserves	Income Statement	Total
	£	£	£	£
As at 1 April 2024	100	-	1,340,536	1,340,636
Profit for the year and total comprehensive income	-	-	625,040	625,040

Dividends paid	-	-	(183,104)	(183,104)

As at 31 March 2025 and 1 April 2025	100	-	1,782,472	1,782,572


Profit for the year and total comprehensive income	-	-	1,560,823	1,560,823

Dividends paid	-	-	(94,000)	(94,000)
Purchase of own shares	-	(201,975 )	-	(201,975)
Share capital reduction	(25 )	-	-	(25)

As at 31 March 2026	75	(201,975 )	3,249,295	3,047,395

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Afraz Investments Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Afraz Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10476285 . The registered office is 43-45 Alexandra Road, Farnborough, GU14 6BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise fees 10% on cost

2.3. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

...CONTINUED

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Afraz Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.3. Financial Instruments - continued

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Intangible Assets

	Franchise fees
	£
Cost
As at 1 April 2025	23,880

As at 31 March 2026	23,880

Amortisation
As at 1 April 2025	16,692
Provided during the period	2,380

As at 31 March 2026	19,072

Net Book Value
As at 31 March 2026	4,808

As at 1 April 2025	7,188

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Afraz Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2025	2,850,991

As at 31 March 2026	2,850,991

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	2,850,991

As at 1 April 2025	2,850,991

6. Debtors

	2026	2025
	£	£
Due within one year
Director's loan account	-	15,188
Amounts owed by group undertakings	3,110,500	1,650,500

	3,110,500	1,665,688

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	41,235	299,280
Director's loan account	3,812	-
Amounts owed to group undertakings	2,518,785	1,947,785

	2,563,832	2,247,065

The long-term loans are secured by fixed and floating charges over the assets of the holding company and its trading subsidiaries.

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	476,640	517,874

The long-term loans are secured by fixed and floating charges over the assets of the holding company and its trading subsidiaries.

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Afraz Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
75,000 Ordinary A shares of £ 0.001 each	75	75
0 Ordinary B shares of £ 0.000 each	-	25

	75	100


Shares disposed during the period:	£
25,000 Ordinary B shares of £ 0.001 each	(25)

During the year, the company purchased and cancelled 25,000 ordinary B shares of £0.001 each.

10. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	94,000	183,104

11. Related Party Transactions

At the year end the company owed £2,518,785 (2025: £1,947,785) to 100% owned subsidiary companies. The loan is interest free and repayable on demand. The balance is included in Amounts owed to group undertakings.

At the year end the company was owed £3,110,500 (2025: £1,650,500) by 100% owned subsidiary companies. The loan is interest free and repayable on demand. The balance is included in Amounts owed by group undertakings.

12. Share-based payment transactions

Liabilities and expenses

Enterprise Management Incentive (EMI) Scheme

An EMI Scheme was approved during the year ended 31 March 2023 and certain employees hold options to subscribe for shares in the company as follows:

Grant date 01.02.23

Exercise price £4.17

Number of shares 2940

Number of employees 1

Performance conditions None

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Director	Mahdi Kazemzadeh

Company Number	10476285

Registered Office	43-45 Alexandra Road
	Farnborough
	GU14 6BS

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB