Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-10-26The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Property rental and developmenttruefalse2false 13705350 2021-10-25 13705350 2021-10-26 2022-10-31 13705350 2020-11-01 2021-10-25 13705350 2022-10-31 13705350 c:Director1 2021-10-26 2022-10-31 13705350 c:Director2 2021-10-26 2022-10-31 13705350 d:FurnitureFittings 2021-10-26 2022-10-31 13705350 d:FurnitureFittings 2022-10-31 13705350 d:FreeholdInvestmentProperty 2021-10-26 2022-10-31 13705350 d:FreeholdInvestmentProperty 2022-10-31 13705350 d:CurrentFinancialInstruments 2022-10-31 13705350 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13705350 d:ShareCapital 2021-10-26 2022-10-31 13705350 d:ShareCapital 2022-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2021-10-26 2022-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2022-10-31 13705350 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 13705350 c:FRS102 2021-10-26 2022-10-31 13705350 c:AuditExempt-NoAccountantsReport 2021-10-26 2022-10-31 13705350 c:FullAccounts 2021-10-26 2022-10-31 13705350 c:PrivateLimitedCompanyLtd 2021-10-26 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 13705350










IMAAN MCR LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2022

 
IMAAN MCR LTD
REGISTERED NUMBER: 13705350

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
628

Investment property
 5 
410,287

  
410,915

Current assets
  

Debtors: amounts falling due within one year
 6 
6,386

Cash at bank and in hand
 7 
3,598

  
9,984

Creditors: amounts falling due within one year
 8 
(418,940)

Net current (liabilities)/assets
  
 
 
(408,956)

Total assets less current liabilities
  
1,959

  

Net assets
  
1,959


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
1,859

  
1,959


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2023.






Page 1

 
IMAAN MCR LTD
REGISTERED NUMBER: 13705350

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

Najma Sultana Butt
Mohammed Amjad Chaudhary
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
IMAAN MCR LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
1,859
1,859


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
1,859
1,859


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 October 2022
100
1,859
1,959

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

1.


General information

IImaan MCR Ltd is a company domiciled in England and Wales, company number 13705350.  The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to
Page 5

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2022
            No.






Administration
2

Page 6

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
628



At 31 October 2022

628






Net book value



At 31 October 2022
628


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
410,287



At 31 October 2022
410,287

The 2022 valuations were made by the directors, on an open market value for existing use basis.



At 31 October 2022



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




6.


Debtors

2022
£


Prepayments and accrued income
6,386

6,386


Page 7

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2022

7.


Cash and cash equivalents

2022
£

Cash at bank and in hand
3,598

3,598



8.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
4,500

Corporation tax
245

Other creditors
413,115

Accruals and deferred income
1,080

418,940



9.


Financial instruments

2022
£

Financial assets


Financial assets measured at fair value through profit or loss
3,598




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


Page 8