2022-12-01 07841581 2023-11-30 07841581 2022-12-01 2023-11-30 07841581 2022-11-30 07841581 2021-12-01 2022-11-30 07841581 uk-core:WithinOneYear 2022-11-30 07841581 uk-core:WithinOneYear 2023-11-30 07841581 uk-core:AfterOneYear 2022-11-30 07841581 uk-core:AfterOneYear 2023-11-30 07841581 uk-core:ShareCapital 2023-11-30 07841581 uk-core:ShareCapital 2022-11-30 07841581 uk-core:InvestmentPropertiesRevaluationReserve 2023-11-30 07841581 uk-core:InvestmentPropertiesRevaluationReserve 2022-11-30 07841581 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07841581 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 07841581 uk-bus:Director1 2022-12-01 2023-11-30 07841581 uk-core:FurnitureFittings 2022-12-01 2023-11-30 07841581 uk-core:AfterOneYear uk-core:Secured 2023-11-30 07841581 uk-core:AfterOneYear uk-core:Secured 2022-11-30 iso4217:GBP xbrli:pure 07841581 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07841581 uk-bus:FRS102 2022-12-01 2023-11-30 07841581 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 07841581 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Merali Property Ltd
Registered Number:07841581
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Merali Property Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07841581
As at 30 November 2023
Merali Property Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,923
1,923
2
3
7,386,575
7,386,575
Investment property
7,388,498
7,388,498
Current assets
Trade and other receivables
2,850
14,240
4
603,104
Cash and cash equivalents
657,047
671,287
605,954
Trade and other payables: amounts falling due within one year
(2,391,121)
(2,340,520)
5
(1,785,167)
(1,669,233)
Net current liabilities
Total assets less current liabilities
5,719,265
5,603,331
Trade and other payables: amounts falling due after more than one year
(2,835,397)
(2,753,904)
6
(236,004)
(238,924)
Provisions for liabilities
2,729,357
Net assets
2,529,010
Capital and reserves
Called up share capital
100
100
Fair value reserve
1,009,812
1,018,572
Retained earnings
1,719,445
1,510,338
2,729,357
2,529,010
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07841581
For the year ended 30 November 2023
Merali Property Ltd
Statement of Financial Position Continued
Miss Nimah Merali Director
These financial statements were approved and authorised for issue by the Board on 15 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Merali Property Ltd
Notes to the Financial Statements
Statutory Information
Merali Property Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07841581.
Registered address:
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Fixtures and fittings
Investment property
Investment property is shown at recent valuations provided by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Fixtures and fittings
£
Cost or valuation
At 01 December 2022
38,432
At 30 November 2023
38,432
Provision for depreciation and impairment
At 01 December 2022
36,509
At 30 November 2023
36,509
At 30 November 2023
Net book value
1,923
At 30 November 2022
1,923
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6
For the year ended 30 November 2023
Merali Property Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 December 2022
7,386,575
Additions
11,680
Fair value adjustments
(11,680)
At 30 November 2023
7,386,575
Net book value
At 30 November 2023
7,386,575
At 30 November 2022
7,386,575
The historical cost of these properties is £6,140,758 (2022: £6,129,078).
4. Trade and other receivables
2022
2023
£
£
Trade debtors
14,240
2,692
Other debtors
-
158
2,850
14,240
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
595,443
612,443
Taxation and social security
106,253
104,462
Other creditors
1,638,824
1,674,216
2,340,520
2,391,121
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
25,000
35,000
Bank loans and overdraft (secured)
2,728,904
2,800,397
2,753,904
2,835,397
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7
For the year ended 30 November 2023
Merali Property Ltd
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 0
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