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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
Page
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Al-Abaja Properties Ltd Company Information for the year ended 30 November 2023
Director
Kazeem Salaam
Company Number
13750892 (England and Wales)
Registered Office
4 King Edward Avenue Rainham RM13 9RJ United Kingdom
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Al-Abaja Properties Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
745,000 
745,000 
Current assets
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)
Capital and reserves
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
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Al-Abaja Properties Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
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)
3,750 
(9,736)
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 
845,000 
845,000 
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.
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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).
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