Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311No description of principal activity2023-04-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08940098 2023-04-01 2024-03-31 08940098 2022-04-01 2023-03-31 08940098 2024-03-31 08940098 2023-03-31 08940098 c:Director1 2023-04-01 2024-03-31 08940098 d:CurrentFinancialInstruments 2024-03-31 08940098 d:CurrentFinancialInstruments 2023-03-31 08940098 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08940098 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08940098 d:ShareCapital 2024-03-31 08940098 d:ShareCapital 2023-03-31 08940098 d:RetainedEarningsAccumulatedLosses 2024-03-31 08940098 d:RetainedEarningsAccumulatedLosses 2023-03-31 08940098 c:FRS102 2023-04-01 2024-03-31 08940098 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08940098 c:FullAccounts 2023-04-01 2024-03-31 08940098 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08940098 6 2023-04-01 2024-03-31 08940098 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 08940098








 
MEHMOOD EQUITIES (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024







Fletcher & Partners
Chartered Accountants
Salisbury

 
MEHMOOD EQUITIES (UK) LIMITED
REGISTERED NUMBER: 08940098

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
143,888
159,799

  
143,888
159,799

Current assets
  

Debtors: amounts falling due within one year
 5 
69,378
63,710

Cash at bank and in hand
  
51,449
-

  
120,827
63,710

Creditors: amounts falling due within one year
 7 
(266,206)
(234,079)

Net current liabilities
  
 
 
(145,379)
 
 
(170,369)

  

Net liabilities
  
(1,491)
(10,570)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,492)
(10,571)

  
(1,491)
(10,570)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Dr A S Alam
Director
Date: 26 July 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
MEHMOOD EQUITIES (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Mehmood Equities (UK) Limited is a private company limited by shares incorporated in England and Wales with the registered number 08940098. The registered office is Crown Chambers, Bridge Street, Salisbury, SP1 2LZ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
MEHMOOD EQUITIES (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
159,799


Additions
285,003


Disposals
(291,902)


Revaluations
(9,012)



At 31 March 2024
143,888





5.


Debtors

2024
2023
£
£


Other debtors
69,378
63,710

69,378
63,710


Page 3

 
MEHMOOD EQUITIES (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
51,449
-

51,449
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,173
6,706

Corporation tax
1,435
768

Other creditors
260,072
224,312

Accruals and deferred income
2,526
2,293

266,206
234,079



8.


Related party transactions

Dr Alam also acts as a director for the investment firm that invests the company money, Fincorp Capital Limited. Mehmood Equities (UK) Limited owes an associated company which is owned 100% by Dr Alam, Mehmood Properties (UK) Limited, £151,773 at the end of the year. Management fees of £1,372 was paid to Fincorp Capital Limited during the year.


Page 4