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REGISTERED NUMBER: 05376566 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

S. Iqbal Limited

S. Iqbal Limited (Registered number: 05376566)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. Iqbal Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Dr S Iqbal





REGISTERED OFFICE: 121 Bingley Road
Heaton
Bradford
West Yorkshire
BD9 6RU





REGISTERED NUMBER: 05376566 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

S. Iqbal Limited (Registered number: 05376566)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 477,500 451,500

CURRENT ASSETS
Debtors 5 1,221 2,342
Cash at bank 86,532 79,587
87,753 81,929
CREDITORS
Amounts falling due within one year 6 72,378 72,922
NET CURRENT ASSETS 15,375 9,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,875

460,507

PROVISIONS FOR LIABILITIES 45,007 40,067
NET ASSETS 447,868 420,440

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non-distributable reserve 248,570 227,510
Retained earnings 198,298 191,930
SHAREHOLDERS' FUNDS 447,868 420,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

S. Iqbal Limited (Registered number: 05376566)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 10 October 2023 and were signed by:





Dr S Iqbal - Director


S. Iqbal Limited (Registered number: 05376566)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

S. Iqbal 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 as modified by the revaluation of certain assets.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss and deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Turnover
Turnover comprises the value of rental income and sales of services provided in the normal course of business.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

S. Iqbal Limited (Registered number: 05376566)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 451,500
Revaluations 26,000
At 28 February 2023 477,500
NET BOOK VALUE
At 28 February 2023 477,500
At 28 February 2022 451,500

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2017 11,000
Valuation in 2018 (923 )
Valuation in 2019 3,000
Valuation in 2020 150,000
Valuation in 2021 46,500
Valuation in 2022 58,000
Valuation in 2023 26,000
Cost 183,923
477,500

If investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 183,923 183,923

Investment property was valued on an open market basis on 28 February 2023 by Zoopla .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,221 2,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,493 2,503
Other creditors 70,885 70,419
72,378 72,922