Azure Assets Limited 14460043 false 2025-05-01 2026-04-30 2026-04-30 The principal activity of the company is 68100 - Buying and selling of own real estate & 68209 - Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 14460043 2025-05-01 2026-04-30 14460043 2026-04-30 14460043 core:CurrentFinancialInstruments 2026-04-30 14460043 core:CurrentFinancialInstruments core:WithinOneYear 2026-04-30 14460043 core:Non-currentFinancialInstruments 2026-04-30 14460043 core:Non-currentFinancialInstruments core:AfterOneYear 2026-04-30 14460043 bus:SmallEntities 2025-05-01 2026-04-30 14460043 bus:AuditExemptWithAccountantsReport 2025-05-01 2026-04-30 14460043 bus:FilletedAccounts 2025-05-01 2026-04-30 14460043 bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 14460043 bus:RegisteredOffice 2025-05-01 2026-04-30 14460043 bus:Director2 2025-05-01 2026-04-30 14460043 bus:Director3 2025-05-01 2026-04-30 14460043 bus:Director4 2025-05-01 2026-04-30 14460043 bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 14460043 countries:EnglandWales 2025-05-01 2026-04-30 14460043 2025-04-30 14460043 2024-05-01 2025-04-30 14460043 2025-04-30 14460043 core:CurrentFinancialInstruments 2025-04-30 14460043 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 14460043 core:Non-currentFinancialInstruments 2025-04-30 14460043 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 iso4217:GBP xbrli:pure

Registration number: 14460043

Azure Assets Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2026

Azure Assets Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Azure Assets Limited

Company Information

Directors | Mr M Bhailok Mr A Bhailok Mr Y M I Bhailok

Registered office | 3 Cable Court Pittman Way Preston PR2 9YW

Azure Assets Limited

(Registration number: 14460043)
Balance Sheet as at 30 April 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property | 4 | 6,125,000 | 6,125,000
Current assets |  |  |
Debtors | 5 | 1 | 1
Creditors: Amounts falling due within one year | 6 | (31,835) | (19,899)
Net current liabilities |  | (31,834) | (19,898)
Total assets less current liabilities |  | 6,093,166 | 6,105,102
Creditors: Amounts falling due after more than one year | 6 | (6,681,788) | (6,236,928)
Net liabilities |  | (588,622) | (131,826)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (588,623) | (131,827)
Shareholders' deficit |  | (588,622) | (131,826)

For the financial year ending 30 April 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 July 2026 and signed on its behalf by:

......................................... Mr M Bhailok Director |  |

Azure Assets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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:
3 Cable Court
Pittman Way
Preston
PR2 9YW
England

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.

Going concern

The financial statements have been prepared on a going concern basis as the director confirms that he will continue to support the company to enable it to meet its obligations as they fall due.

Investment property

Investment property is recognised at cost on initial recognition. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in the profit and loss account.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Azure Assets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 1).

4 | Investment properties

| 2026 £
At 1 May 2025 | 6,125,000
At 30 April 2026 | 6,125,000

5 | Debtors

Current | 2026 £ | 2025 £
Other debtors | 1 | 1
| 1 | 1

Azure Assets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 7 | 10,225 | 18,225
Accruals and deferred income |  | 900 | 840
Other creditors |  | 20,710 | 834
|  | 31,835 | 19,899

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 7 | 6,681,788 | 6,236,928

Loans are secured via a charge against the company's investment property.

7 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 6,681,788 | 6,236,928

Current loans and borrowings

| 2026 £ | 2025 £
Director's loan account | 10,225 | 18,225

The director's loan account is non-interest bearing and has no formal repayment terms.