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REGISTERED NUMBER: 11276811 (England and Wales)















Ahmed Hanif Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Ahmed Hanif Limited (Registered number: 11276811)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ahmed Hanif Limited

Company Information
for the Year Ended 31 March 2023







Directors: T S Hanif
Dr S Ahmed





Registered office: 73 Morris Avenue
Llanishen
Cardiff
CF14 5JX





Registered number: 11276811 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Ahmed Hanif Limited (Registered number: 11276811)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
Fixed assets
Investment property 4 742,254 457,531

Current assets
Debtors 5 439 439
Cash at bank 3,875 2,399
4,314 2,838
Creditors
Amounts falling due within one year 6 (252,323 ) (157,077 )
Net current liabilities (248,009 ) (154,239 )
Total assets less current liabilities 494,245 303,292

Creditors
Amounts falling due after more than one year 7 (523,584 ) (334,853 )
Net liabilities (29,339 ) (31,561 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 (29,439 ) (31,661 )
Shareholders' funds (29,339 ) (31,561 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:




T S Hanif - Director


Ahmed Hanif Limited (Registered number: 11276811)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Ahmed Hanif Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date, the company is showing net liabilities of £29,339. The financial statements have been prepared under the going concern basis based on the ongoing support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Ahmed Hanif Limited (Registered number: 11276811)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Investment property
Total
£   
Fair value
At 1 April 2022 457,531
Additions 284,723
At 31 March 2023 742,254
Net book value
At 31 March 2023 742,254
At 31 March 2022 457,531

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 439 439

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 2,000 2,000
Directors' current accounts 249,278 154,127
Accrued expenses 1,045 950
252,323 157,077

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 6,000 6,000
Bank loans more 5 yr by instal 515,584 326,853
523,584 334,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 515,584 326,853

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 525,584 336,853

The mortgages are secured over the properties in which they relate to.

Ahmed Hanif Limited (Registered number: 11276811)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary 'A' Shares £1 50 50
50 Ordinary 'B' Shares £1 50 50
100 100

10. Reserves
Retained
earnings
£   

At 1 April 2022 (31,661 )
Profit for the year 2,222
At 31 March 2023 (29,439 )

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr S Ahmed
Balance outstanding at start of year 26,153 25,841
Amounts advanced 98,062 312
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,215 26,153

T S Hanif
Balance outstanding at start of year 127,974 149,963
Amounts advanced 3,969 1,211
Amounts repaid (5,880 ) (23,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126,063 127,974

12. Ultimate controlling party

The Ultimate controlling party of the company are the directors.