Acorah Software Products - Accounts Production 15.0.400 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08810108 Mrs R Usman Mr Mohammad Rafiq USMAN Sana & Sons Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08810108 2022-11-30 08810108 2023-11-30 08810108 2022-12-01 2023-11-30 08810108 frs-core:CurrentFinancialInstruments 2023-11-30 08810108 frs-core:FurnitureFittings 2023-11-30 08810108 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08810108 frs-core:FurnitureFittings 2022-11-30 08810108 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 08810108 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-01 2023-11-30 08810108 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 08810108 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 08810108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 08810108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08810108 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 08810108 frs-core:MotorVehicles 2023-11-30 08810108 frs-core:MotorVehicles 2022-12-01 2023-11-30 08810108 frs-core:MotorVehicles 2022-11-30 08810108 frs-core:SharePremium 2023-11-30 08810108 frs-core:ShareCapital 2023-11-30 08810108 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08810108 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08810108 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08810108 frs-bus:SmallEntities 2022-12-01 2023-11-30 08810108 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08810108 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08810108 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 08810108 frs-bus:OrdinaryShareClass1 2023-11-30 08810108 1 2022-12-01 2023-11-30 08810108 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30 08810108 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 08810108 frs-core:CostValuation 2022-11-30 08810108 frs-core:AdditionsToInvestments 2023-11-30 08810108 frs-core:CostValuation 2023-11-30 08810108 frs-core:ProvisionsForImpairmentInvestments 2022-11-30 08810108 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 08810108 frs-bus:Director1 2022-12-01 2023-11-30 08810108 frs-bus:Director2 2022-12-01 2023-11-30 08810108 frs-countries:EnglandWales 2022-12-01 2023-11-30 08810108 2021-11-30 08810108 2022-11-30 08810108 2021-12-01 2022-11-30 08810108 frs-core:CurrentFinancialInstruments 2022-11-30 08810108 frs-core:SharePremium 2022-11-30 08810108 frs-core:ShareCapital 2022-11-30 08810108 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08810108 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30 08810108 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30
Registered number: 08810108
RUBISAN HOTELS LONDON LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
SKZ Chartered Certified Accountants
Unit 1, Kataria Point
1 Riches R
Ilford
Essex
IG1 1JH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08810108
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,378,521 3,951,069
Investments 4 8,040,313 -
11,418,834 3,951,069
CURRENT ASSETS
Debtors 5 8,122 812,500
Cash at bank and in hand 51,880 3,772,699
60,002 4,585,199
Creditors: Amounts Falling Due Within One Year 6 (4,975,549 ) (2,004,493 )
NET CURRENT ASSETS (LIABILITIES) (4,915,547 ) 2,580,706
TOTAL ASSETS LESS CURRENT LIABILITIES 6,503,287 6,531,775
NET ASSETS 6,503,287 6,531,775
CAPITAL AND RESERVES
Called up share capital 8 522 522
Share premium account 3,174,500 3,174,500
Fair Value Reserve 9 68,679 225,340
Profit and Loss Account 3,259,586 3,131,413
SHAREHOLDERS' FUNDS 6,503,287 6,531,775
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Mohammad Rafiq USMAN
Director
14/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover comprises the rental income from the properties.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided
Leasehold Straight line over term of the lease
Improvement to properties Straight line over 10 years
Fixtures & Fittings 25% on reducing balance
Freehold Property
The director considers the expected economic useful life of the freehold property to be in excess of 50 years therefore depreciation is not provided.
1.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less. Investment properties shall be included in the balance sheet at their market value.

In accordance with the FRS 102, investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reproting date with changes in fair value recognised in profit and loss account. No depreciation is provided in respect of investment properties.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2022: NIL)
- -
3. Tangible Assets
Land & Property
Freehold Investment Properties Improvement to properties Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2022 2,616,972 1,320,000 24,950 1,588 3,963,510
Disposals - (570,000 ) - - (570,000 )
As at 30 November 2023 2,616,972 750,000 24,950 1,588 3,393,510
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 - - 11,065 1,376 12,441
Provided during the period - - 2,495 53 2,548
As at 30 November 2023 - - 13,560 1,429 14,989
Net Book Value
As at 30 November 2023 2,616,972 750,000 11,390 159 3,378,521
As at 1 December 2022 2,616,972 1,320,000 13,885 212 3,951,069
4. Investments
Subsidiaries
£
Cost
As at 1 December 2022 -
Additions 8,040,313
As at 30 November 2023 8,040,313
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 8,040,313
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 8,122 -
Other debtors - 812,500
8,122 812,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 5,000
Other loans 750,000 -
Corporation tax 747 85,279
Directors' loan accounts 1,567,204 353,055
Amounts owed to group undertakings 2,657,598 1,561,159
4,975,549 2,004,493
7. Secured Creditors
Of the creditors the following amounts are secured.
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 522 522
Value Number 2023 2022
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 522 522 522
9. Reserves
Fair Value Reserve
£
As at 1 December 2022 225,340
Movements in fair value reserve (156,661)
As at 30 November 2023 68,679
10. Related Party Transactions
11. Ultimate Controlling Party
The company's ultimate controlling party is Sana & Sons Limited by virtue of his ownership of 100% of the issued share capital in the company.
12. General Information
RUBISAN HOTELS LONDON LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08810108 . The registered office is 124 Upton Park Road, Forest Gate, London, E7 8LB.
Page 5