Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC224555 Mr Mohammed Aslam Sheikh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC224555 2022-10-31 SC224555 2023-10-31 SC224555 2022-11-01 2023-10-31 SC224555 frs-core:CurrentFinancialInstruments 2023-10-31 SC224555 frs-core:RevaluationReserve 2022-10-31 SC224555 frs-core:RevaluationReserve 2023-10-31 SC224555 frs-core:ShareCapital 2023-10-31 SC224555 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC224555 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC224555 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC224555 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC224555 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC224555 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC224555 frs-bus:Director1 2022-11-01 2023-10-31 SC224555 frs-countries:Scotland 2022-11-01 2023-10-31 SC224555 2021-10-31 SC224555 2022-10-31 SC224555 2021-11-01 2022-10-31 SC224555 frs-core:CurrentFinancialInstruments 2022-10-31 SC224555 frs-core:RevaluationReserve 2022-10-31 SC224555 frs-core:ShareCapital 2022-10-31 SC224555 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC224555
M.A. SHEIKH PROPERTIES LIMITED
Financial Statements
For The Year Ended 31 October 2023
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC224555
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 405,000 405,000
405,000 405,000
CURRENT ASSETS
Cash at bank and in hand 10,539 38,720
10,539 38,720
Creditors: Amounts Falling Due Within One Year 6 (98,309 ) (146,471 )
NET CURRENT ASSETS (LIABILITIES) (87,770 ) (107,751 )
TOTAL ASSETS LESS CURRENT LIABILITIES 317,230 297,249
NET ASSETS 317,230 297,249
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 124,212 124,212
Profit and Loss Account 192,918 172,937
SHAREHOLDERS' FUNDS 317,230 297,249
Page 1
Page 2
For the 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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Aslam Sheikh
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M.A. SHEIKH PROPERTIES LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC224555 . The registered office is 32b Dalkeith Avenue, Glasgow, G41 5BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rental income from own properties.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 405,000
5. Debtors
2023 2022
£ £
Due within one year
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 92 294
Other creditors 93,531 140,812
Taxation and social security 4,686 5,365
98,309 146,471
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
As at 1 November 2022 124,212
As at 31 October 2023 124,212
Page 4