Azendel Asset Management Limited

Registered number

13414829

Filleted Accounts

31 May 2026

Azendel Asset Management Limited
Registered number:		13414829
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		873			1,092
Investments	4		292,374			292,374
			293,247			293,466

Current assets
Debtors	5	1,142			295
Cash at bank and in hand		1,553			1,872
		2,695			2,167

Creditors: amounts falling due within one year	6	(80,894)			(84,119)

Net current liabilities			(78,199)			(81,952)

Total assets less current liabilities			215,048			211,514

Creditors: amounts falling due after more than one year	7		(212,978)			(211,483)



Net assets			2,070			31

Capital and reserves
Called up share capital			200			200
Profit and loss account			1,870			(169)

Shareholders' funds			2,070			31

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr L Alagappan
Director
Approved by the board on 2 October 2026

Azendel Asset Management Limited
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of Investment Properties and from the rendering of services. Turnover from the letting of properties is recognised when the property is let to tenants. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments and Investment in properties are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 June 2025				1,618
	At 31 May 2026				1,618

	Depreciation
	At 1 June 2025				526
	Charge for the year				219
	At 31 May 2026				745

	Net book value
	At 31 May 2026				873
	At 31 May 2025				1,092


4	Investments
Investments
in
Properties
£
	Cost
	At 1 June 2025				292,374

	At 31 May 2026				292,374

	Historical cost
	At 1 June 2025				292,374
	At 31 May 2026				292,374



5	Debtors		2026		2025
£				£

	Trade debtors		150		-
	Other debtors		992		295
			1,142		295


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Other creditors		80,894		84,119


7	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		212,978		211,483


8	Loans		2026		2025
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		212,978		211,483


	Secured bank loans		212,978		211,483

	The secured bank loans are secured against the Investment proprerties and Directors' personal guarantee.


9	Other information

	Azendel Asset Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8 Beckford Drive
	Orpington
	BR5 1SH