AZ Stoke Limited - Accounts

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Registered Number: 12501628

England and Wales

AZ STOKE LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

AZ Stoke Limited
Contents Page
For the year ended 31 March 2022

Company information	1
Statement of financial position	2
Notes to the financial statements	3

AZ Stoke Limited
Company Information
For the year ended 31 March 2022

Director	Mr M U Ali
Registered Number	12501628
Registered Office	Albion House Albion Close Slough SL2 5DT
Accountants	IAC Accountants Limited Windfall House D1 The Courtyard Alban Park Hatfield Road St Albans AL4 0LA

AZ Stoke Limited
Statement of Financial Position
As at 31 March 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	826,127	624,973
		826,127	624,973
Current assets
Debtors	4	30,669	15,034
Cash at bank and in hand		5,757	41,855
		36,426	56,889
Creditors: amount falling due within one year	5	(863,631)	(685,862)
Net current liabilities		(827,205)	(628,973)

Total assets less current liabilities		(1,078)	(4,000)
Net liabilities		(1,078)	(4,000)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(1,178)	(4,100)
Shareholder's funds		(1,078)	(4,000)

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 21 March 2023 and were signed by:

--------------------------------
Mr M U Ali
Director

AZ Stoke Limited
Notes to the Financial Statements
For the year ended 31 March 2022

General Information

AZ Stoke Limited is a private company, limited by shares, registered in England and Wales, registration number 12501628, registration address Albion House, Albion Close, Slough, SL2 5DT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Going concern basis

The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.

Turnover

Turnover comprises the net rent receivable from investment properties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 1 (2021 : 1).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2021	624,973	624,973
Additions	201,154	201,154
Disposals	-	-
At 31 March 2022	826,127	826,127
Depreciation
At 01 April 2021	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2022	-	-
Net book values
Closing balance as at 31 March 2022	826,127	826,127
Opening balance as at 01 April 2021	624,973	624,973

Debtors: amounts falling due within one year

	2022 £	2021 £
Amount Owed by Related Companies	7,150	8,045
Other Debtors	0	6,989
Directors' Current Accounts	23,519	0
	30,669	15,034

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	0	81
Amounts Owed to Related Companies	861,778	683,981
Corporation Tax	53	0
Accrued Expenses	1,800	1,800
	863,631	685,862

Related Party Transactions

Debtors due within one year include an amount of £23,519 due from the director. The director paid interest of £277 to the company on overdrawn balance.

Debtors due within one year include an interest free amount of £7,150 (2021 - 8,045) due from the connected company in which the director has controlling interest.

Creditors due within one year include an interest free amount of £861,778 (2021 - 683,981) due to the connected companies in which the director has controlling interest.