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REGISTERED NUMBER: 08697976 (England and Wales)


















Tamweel Capital Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Tamweel Capital Ltd (Registered number: 08697976)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tamweel Capital Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Aneizi
A J Spencer





REGISTERED OFFICE: 1 Bell Street
2nd Floor
London
NW1 5BY





REGISTERED NUMBER: 08697976 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Tamweel Capital Ltd (Registered number: 08697976)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,380 6,002

CURRENT ASSETS
Debtors 5 90,695 82,981
Cash at bank 209,470 65,178
300,165 148,159
CREDITORS
Amounts falling due within one year 6 (116,566 ) (96,059 )
NET CURRENT ASSETS 183,599 52,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,979

58,102

CREDITORS
Amounts falling due after more than one
year

7

(32,357

)

(36,861

)
NET ASSETS 155,622 21,241

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 145,622 11,241
SHAREHOLDERS' FUNDS 155,622 21,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Tamweel Capital Ltd (Registered number: 08697976)

Balance Sheet - continued
31 March 2024


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 July 2024 and were signed on its behalf by:





A Aneizi - Director


Tamweel Capital Ltd (Registered number: 08697976)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Tamweel Capital Ltd 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.

Turnover
Turnover represents fees earned for services rendered , excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
Contributions payable to pension scheme are charged to profit & loss in the period to which they relate.

Going concern
The directors have considered the going concern basis for preparing the accounts. Given the improved performance of the business post covid, the strength of the balance sheet and ongoing profitability, the directors are of the opinion that it is appropriate for the accounts to be prepared under going concern basis.

Tamweel Capital Ltd (Registered number: 08697976)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,821 4,553 8,350 17,724
Additions 269 - - 269
Disposals - - (430 ) (430 )
At 31 March 2024 5,090 4,553 7,920 17,563
DEPRECIATION
At 1 April 2023 1,205 3,899 6,618 11,722
Charge for year 971 164 326 1,461
At 31 March 2024 2,176 4,063 6,944 13,183
NET BOOK VALUE
At 31 March 2024 2,914 490 976 4,380
At 31 March 2023 3,616 654 1,732 6,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,000
Other debtors 22,007 22,004
Directors' current accounts 53,809 53,810
Prepayments and accrued income 12,500 -
Prepayments 2,379 1,167
90,695 82,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,673 6,755
Trade creditors 18,027 12,354
Tax 57,650 37,486
Other creditors 35,216 39,464
116,566 96,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 32,357 36,861

Tamweel Capital Ltd (Registered number: 08697976)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,200 were paid to the directors .

The company has provided loan to its director Mr A Aneizi. The loan is interest bearing and repayable on demand. The balance outstanding at the year end was £53,810 (2023:£53,810).