Saudi UK Property Services Ltd 05584884 true 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true Mr Mohammed Nawaz true 05584884 2022-11-01 2023-10-31 05584884 2023-10-31 05584884 bus:OrdinaryShareClass1 2023-10-31 05584884 core:ShareCapital 2023-10-31 05584884 core:SharePremium 2023-10-31 05584884 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 05584884 bus:FRS102 2022-11-01 2023-10-31 05584884 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05584884 bus:FullAccounts 2022-11-01 2023-10-31 05584884 bus:RegisteredOffice 2022-11-01 2023-10-31 05584884 bus:Director1 2022-11-01 2023-10-31 05584884 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 05584884 bus:EntityHasNeverTraded 2022-11-01 2023-10-31 05584884 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05584884 countries:AllCountries 2022-11-01 2023-10-31 05584884 2022-10-31 05584884 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 05584884 2022-10-31 05584884 bus:OrdinaryShareClass1 2022-10-31 05584884 core:ShareCapital 2022-10-31 05584884 core:SharePremium 2022-10-31 05584884 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05584884

Saudi UK Property Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Saudi UK Property Services Ltd

Profit and Loss Account for the Year Ended 31 October 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Saudi UK Property Services Ltd

(Registration number: 05584884)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

120,000

120,000

Current assets

 

Cash at bank and in hand

 

1,000

1,000

Net assets

 

121,000

121,000

Capital and reserves

 

Called up share capital

5

1,000

1,000

Share premium reserve

120,000

120,000

Shareholders' funds

 

121,000

121,000

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr Mohammed Nawaz
Director

 

Saudi UK Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The address of its registered office is:
5 Green Lane
Middlesbrough
TS5 7RT

These financial statements were authorised for issue by the director on 30 July 2024.

2

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.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

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.

 

Saudi UK Property Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 November 2022

120,000

120,000

At 31 October 2023

120,000

120,000

Depreciation

Carrying amount

At 31 October 2023

120,000

120,000

At 31 October 2022

120,000

120,000

Included within the net book value of land and buildings above is £120,000 (2022 - £120,000) in respect of freehold land and buildings.
 

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

1,000

1,000

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordianry Shares of £1,000 each

1,000

1,000,000

1,000

1,000,000