Registered Number:07841581 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
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
Merali Property Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,923
1,923
2
3
7,386,575
7,386,575
7,388,498
7,388,498
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
100
100
1,009,812
1,018,572
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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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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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. |
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling. |
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: |
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
38,432
38,432
Provision for depreciation and impairment |
36,509
36,509
1,923
1,923
3 of 5
For the year ended 30 November 2023
Merali Property Ltd
Notes to the Financial Statements Continued
7,386,575
11,680
(11,680)
7,386,575
7,386,575
7,386,575
The historical cost of these properties is £6,140,758 (2022: £6,129,078).
4. Trade and other receivables |
2022
2023
14,240
2,692
-
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
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
25,000
35,000
Bank loans and overdraft (secured) |
2,728,904
2,800,397
2,753,904
2,835,397
4 of 5
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
5 of 5