Registered number
09016507
SHEIKH INVESTMENTS LTD
Filleted Accounts
30 April 2023
SHEIKH INVESTMENTS LTD
Registered number: 09016507
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 295,291 295,291
Current assets
Cash at bank and in hand 1,681 11,285
Creditors: amounts falling due within one year 4 (896) (2,112)
Net current assets 785 9,173
Total assets less current liabilities 296,076 304,464
Creditors: amounts falling due after more than one year 5 (154,894) (164,850)
Net assets 141,182 139,614
Capital and reserves
Called up share capital 100 100
Profit and loss account 141,082 139,514
Shareholders' funds 141,182 139,614
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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. The profit and loss account has not been delivered to the Registrar of Companies.
WAQAR SHEIKH
Director
Approved by the board on 26 October 2023
SHEIKH INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
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).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 May 2022 295,291
At 30 April 2023 295,291
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 368 1,584
Other creditors 528 528
896 2,112
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 100,000 100,000
Directors Loan 54,894 64,850
154,894 164,850
6 Other information
SHEIKH INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
INGLEWOOD,
HARPER GREEN ROAD,
FARNWORTH
BOLTON
BL4 7HT
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