Registered number
12310683
Ahmed & Ali Ltd
Filleted Accounts
31 July 2023
Ahmed & Ali Ltd
Registered number: 12310683
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 3 143,530 143,530
Current assets
Cash at bank and in hand 68,304 59,573
Creditors: amounts falling due within one year 4 (1,767) (1,702)
Net current assets 66,537 57,871
Total assets less current liabilities 210,067 201,401
Creditors: amounts falling due after more than one year 5 (207,001) (207,001)
Net assets/(liabilities) 3,066 (5,600)
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,064 (5,602)
Shareholders' funds 3,066 (5,600)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F A S Ahmed
Director
Approved by the board on 18 April 2024
Ahmed & Ali Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors will continue to support the Company, where required, for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.
Investment property
Investment property is carried at fair value determined annually by the director 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investment property
Freehold
investment
property
£
Valuation
At 1 August 2022 143,530
At 31 July 2023 143,530
The 2023 valuations were made by the director, on an open market value for existing use basis.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals and deferred income 200 200
Other creditors 669 1,502
1,767 1,702
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 207,001 207,001
6 Related party transactions
As at 31 July 2023 the balance owed to the directors was £669 (2022: £1,502).
7 Other information
Ahmed & Ali Ltd is a private company limited by shares and incorporated in England. Its registered office is:
286a Dereham Road
Norwich
NR2 3UU
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