REGISTERED NUMBER: 07821897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

BARKAT INVESTMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Ahmed

F Ahmed

REGISTERED OFFICE:

45 Walford Road

London

N16 8EF

REGISTERED NUMBER:

07821897 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

4,550

188,682

CURRENT ASSETS

Debtors

5

1,322

-

Cash at bank

11

1,399

1,333

1,399

CREDITORS

Amounts falling due within one year

6

7,385

24,958

NET CURRENT LIABILITIES

(6,052

)

(23,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,502

)

165,123

CREDITORS

Amounts falling due after more than one year

7

8,813

161,373

NET (LIABILITIES)/ASSETS

(10,315

)

3,750

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,415

)

3,650

(10,315

)

3,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 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 and authorised for issue on 28th September 2023 and were signed on its behalf by:

L Ahmed - Director

F Ahmed - Director

1.	STATUTORY INFORMATION

Barkat Investment Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

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 tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st November 2021

183,626

11,553

195,179

Disposals

(183,626

)

-

(183,626

)

At 31st October 2022

-

11,553

11,553

DEPRECIATION

At 1st November 2021

-

6,497

6,497

Charge for year

-

506

506

At 31st October 2022

-

7,003

7,003

NET BOOK VALUE

At 31st October 2022

-

4,550

4,550

At 31st October 2021

183,626

5,056

188,682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Directors' current accounts

998

-

Tax

324

-

1,322

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bounce back loan

2,250

-

Tax

2,385

7,165

Other creditors

-

9,487

Sundry creditor

-

6,452

Directors' current accounts

-

1,104

Accruals and deferred income

2,750

750

7,385

24,958

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other loans - 1-2 years

-

161,373

Bounce back loan

8,813

-

8,813

161,373

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2022 and 31st October 2021:

2022

2021

£

£

L Ahmed

Balance outstanding at start of year

(1,104

)

(1,104

)

Amounts advanced

6,314

-

Amounts repaid

(4,212

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

998

(1,104

)