Company Registration No. 13750892 (England and Wales)
Al-Abaja Properties Ltd
Unaudited accounts
for the year ended 30 November 2023
Al-Abaja Properties Ltd
Unaudited accounts
Contents
Al-Abaja Properties Ltd
Company Information
for the year ended 30 November 2023
Company Number
13750892 (England and Wales)
Registered Office
4 King Edward Avenue
Rainham
RM13 9RJ
United Kingdom
Al-Abaja Properties Ltd
Statement of financial position
as at 30 November 2023
Investment property
745,000
745,000
Cash at bank and in hand
4,289
15,485
Creditors: amounts falling due within one year
(3,750)
9,736
Net current assets
539
25,221
Total assets less current liabilities
745,539
770,221
Creditors: amounts falling due after more than one year
(845,000)
(845,000)
Net liabilities
(99,461)
(74,779)
Profit and loss account
(99,461)
(74,779)
Shareholders' funds
(99,461)
(74,779)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2023 and were signed on its behalf by
Kazeem Salaam
Director
Company Registration No. 13750892
Al-Abaja Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
Al-Abaja Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13750892. The registered office is 4 King Edward Avenue, Rainham, RM13 9RJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 December 2022
745,000
At 30 November 2023
745,000
This represents the total mortgage value for the 3 properties currently held as Buy to Let in the company
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
3,750
16,400
Loans from directors
-
(26,136)
Other creditors represent the total rent paid in advance by the tenants.
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
558,750
558,750
Loans from directors
286,250
286,250
Aggregate of amounts that fall due for payment after five years
-
558,750
This represent loan to value of the properties held by the company at the end of the financial year.
Al-Abaja Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).