| Yaz Holdings Ltd |
| Registered number: |
05977379 |
| Balance Sheet |
| as at 31 August 2019 |
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| Notes |
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2019 |
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2018 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
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204 |
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204 |
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204 |
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204 |
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| Current assets |
| Debtors |
4 |
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102,405 |
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2,694,537 |
| Cash at bank and in hand |
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16,423 |
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34,023 |
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118,828 |
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2,728,560 |
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| Creditors: amounts falling due within one year |
5 |
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(670,142) |
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(2,196,586) |
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| Net current (liabilities)/assets |
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(551,314) |
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531,974 |
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| Total assets less current liabilities |
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(551,110) |
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532,178 |
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| Net (liabilities)/assets |
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(551,110) |
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532,178 |
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| Capital and reserves |
| Called up share capital |
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100 |
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100 |
| Profit and loss account |
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(551,210) |
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532,078 |
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| Shareholder's funds |
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(551,110) |
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532,178 |
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| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
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| Dr Said Haifawi |
| Director |
| Approved by the board on 14 January 2020 |
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| Yaz Holdings Ltd |
| Notes to the Accounts |
| for the period from 1 January 2019 to 31 August 2019 |
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Yaz Holdings Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is : |
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The Court Building |
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1 Market Street |
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London |
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SE18 6FU |
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| 1 |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared in accordance with the provsions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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There were no material departures from that standard. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts. |
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Turnover |
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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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Investments in Subsidiaries |
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Investments in Subsidaries and associated undertakings are measured at cost less impairment. |
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Taxation |
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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. |
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| 2 |
Employees |
2019 |
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2018 |
| Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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| 3 |
Corporation tax |
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No corporation tax payable and losses available to carry forward next year. |
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| 3 |
Investments in Subsidiaries |
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Company |
Country of incorporation |
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Nature of business |
No of Shares |
Shares held class |
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Proportion of shares held |
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Oppida Estates Ltd |
England & Wales |
Estate Agent |
1 |
Ordinary |
100% |
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Internation Properties Ltd |
England & Wales |
Property Investment |
2 |
Ordinary |
100% |
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Property Liaison Ltd |
England & Wales |
Estate Agent |
1 |
Ordinary |
100% |
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Internation Development Ltd |
England & Wales |
Property Development |
100 |
Ordinary |
100% |
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Intop Management Ltd |
England & Wales |
Property Management |
100 |
Ordinary |
100% |
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Total Shares held in Yaz |
204 |
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| 4 |
Debtors |
2019 |
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2018 |
| £ |
£ |
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Trade debtors |
100,000 |
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- |
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Amounts owed by group undertakings - Oppida |
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- |
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814,489 |
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Amounts owed by group undertakings - Internation Development |
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- |
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1,537,504 |
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Amounts owed by group undertakings - Property Laiason` |
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- |
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340,139 |
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Sundry debtors - Internation Properties |
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2,405 |
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2,405 |
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102,405 |
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2,694,537 |
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| 5 |
Creditors: amounts falling due within one year |
2019 |
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2018 |
| £ |
£ |
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Other creditors |
- |
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15,356 |
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Other Creditors - Oppida & PL |
523,970 |
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508,711 |
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Yaser Haifawi loan |
617 |
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1,170,617 |
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Said Haifawi loan |
- |
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499,902 |
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Accruals |
4,000 |
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2,000 |
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670,142 |
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2,196,586 |
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| 6 |
Share capital |
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Nominal |
2019 |
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2018 |
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value |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
£1 each |
100 |
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100 |
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100 |
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100 |
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| 8 |
Related party transactions |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102' The financial Reporting Standard applicable in the UK and Republic of Ireland not to disclose related party transaction with wholly owned subsidiaries within the group. |
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| 7 |
Post balance sheet events |
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On 07 March 2018 Dr Said Haifawi appointed as a new director.98 additional ordinary shares issued post yearend. Following this share issue Dr Said Haifawi become the controlling party by virtue of his shareholding's. |
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| 8 |
Controlling party |
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The company is controlling by Dr Said Haifawi, the director, by virtue of his shareholding's. |
