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Registered number: 13049709
Almadhi Properties UK Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13049709
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 835,000 120,000
835,000 120,000
CURRENT ASSETS
Debtors 5 462 1,120
Cash at bank and in hand 2,610 2,224
3,072 3,344
Creditors: Amounts Falling Due Within One Year 6 (648,243 ) (119,554 )
NET CURRENT ASSETS (LIABILITIES) (645,171 ) (116,210 )
TOTAL ASSETS LESS CURRENT LIABILITIES 189,829 3,790
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,770 ) (3,636 )
NET ASSETS 142,059 154
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 141,959 54
SHAREHOLDERS' FUNDS 142,059 154
Page 1
Page 2
For the year ending 30 November 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 Forgan Almadhi
Director
15/08/2024
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
Almadhi Properties UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13049709 . The registered office is Flat 60 , 25 Gresse Street, London, W1T 1QP.
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, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2022 120,000
Additions 523,951
Revaluation 191,049
As at 30 November 2023 835,000
Net Book Value
As at 30 November 2023 835,000
As at 1 December 2022 120,000
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 512
Other debtors 462 608
462 1,120
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 24,993 89
Accruals and deferred income - 446
Director's loan account 623,250 119,019
648,243 119,554
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4