Azureus Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09890308 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 30 March 2019

for

Azureus Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. M Aslam Bajar

Mr. M Ashraf Bajar

Mr A Bajar

Mr D Bajar

REGISTERED OFFICE:

Unit B

62 London Road

Southampton

SO15 2AH

REGISTERED NUMBER:

09890308 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

3,727

4,969

Investment property

5

-

676,733

3,727

681,702

CURRENT ASSETS

Stocks

368,064

-

Debtors

6

60

60

Cash at bank

70,956

224,970

439,080

225,030

CREDITORS

Amounts falling due within one year

7

181,561

825,345

NET CURRENT ASSETS/(LIABILITIES)

257,519

(600,315

)

TOTAL ASSETS LESS CURRENT LIABILITIES

261,246

81,387

CREDITORS

Amounts falling due after more than one year

8

-

1,562

NET ASSETS

261,246

79,825

CAPITAL AND RESERVES

Called up share capital

9

99

99

Retained earnings

10

261,147

79,726

SHAREHOLDERS' FUNDS

261,246

79,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 January 2020 and were signed on its behalf by:

Mr. M Aslam Bajar - Director

1.	STATUTORY INFORMATION

Azureus Homes 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 reducing balance

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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2018

and 30 March 2019

7,530

DEPRECIATION

At 1 April 2018

2,561

Charge for period

1,242

At 30 March 2019

3,803

NET BOOK VALUE

At 30 March 2019

3,727

At 31 March 2018

4,969

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

676,733

Disposals

(676,733

)

At 30 March 2019

-

NET BOOK VALUE

At 30 March 2019

-

At 31 March 2018

676,733

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.19

31.3.18

£

£

Prepayments

60

60

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.19

31.3.18

£

£

Bank loans and overdrafts

-

544,723

Other loans

5,000

130,000

Hire purchase contracts

1,422

2,370

Trade creditors

-

9,337

Corporation tax

42,730

6,508

Directors' current accounts

130,669

130,668

Accrued expenses

1,740

1,739

181,561

825,345

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.19

31.3.18

£

£

Hire purchase contracts

-

1,562

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.19

31.3.18

value:

£

£

99

Ordinary

£1

99

99

10.

RESERVES

Retained

earnings

£

At 1 April 2018

79,726

Profit for the period

181,421

At 30 March 2019

261,147