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REGISTERED NUMBER: 13021407 (England and Wales)










Mughal Properties Limited

Unaudited Financial Statements

for the Period 30 November 2021 to 28 November 2022






Mughal Properties Limited (Registered number: 13021407)






Contents of the Financial Statements
for the Period 30 November 2021 to 28 November 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mughal Properties Limited

Company Information
for the Period 30 November 2021 to 28 November 2022







DIRECTOR: Mr Zeeshan Gull





SECRETARY: Mr Zeeshan Gull





REGISTERED OFFICE: 1 Sunningdale Road,
Haughton Green,
Denton,
M34 7QP





REGISTERED NUMBER: 13021407 (England and Wales)





ACCOUNTANTS: SKS Shacter Cohen & Bor Ltd
Chartered Accountants
31 Sackville Street
Manchester
M1 3LZ

Mughal Properties Limited (Registered number: 13021407)

Abridged Balance Sheet
28 November 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investment property 5 302,597 126,732

CURRENT ASSETS
Cash at bank 26,330 10,500

CREDITORS
Amounts falling due within one year (318,766 ) (135,977 )
NET CURRENT LIABILITIES (292,436 ) (125,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,161

1,255

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 10,160 1,254
SHAREHOLDERS' FUNDS 10,161 1,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mughal Properties Limited (Registered number: 13021407)

Abridged Balance Sheet - continued
28 November 2022


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

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the period ended 28 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr Zeeshan Gull - Director


Mughal Properties Limited (Registered number: 13021407)

Notes to the Financial Statements
for the Period 30 November 2021 to 28 November 2022

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
1 Sunningdale Road
Haughton Green
Denton
M34 7QP
These financial statements were authorised for issue by the director on 28 November 2023.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

TAX
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.


Mughal Properties Limited (Registered number: 13021407)

Notes to the Financial Statements - continued
for the Period 30 November 2021 to 28 November 2022
TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2021 126,732
Additions 175,865
At 28 November 2022 302,597
NET BOOK VALUE
At 28 November 2022 302,597
At 29 November 2021 126,732

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary share capital 1 1 1

7. DIVIDEND

Interim dividends paid

2022 (£) 2021 (£)
Interim dividend of £2,000 (2022 - £2,000) per each Ordinary Share 2,000 2,000