Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investment property | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | ( |
( |
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Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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A. M. AL-ZAHID | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going Concern | ||||||||
share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future. |
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Investments | ||||||||
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Freehold | ||||||||
investment | ||||||||
property | ||||||||
£ | ||||||||
Valuation | ||||||||
At 1 July 2022 | ||||||||
At 30 June 2023 | ||||||||
The property investment has been valued by the director for an amount £1,650,000 as at 30 June 2023 (2022: £1,650,000). | ||||||||
The historical cost of the property is £2,038,887 (2022: £2,038,887). | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Non-equity preference shares | ||||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Accruals | 3,708 | 1,548 | ||||||
Other creditors | ||||||||
6 | Guarantees made by the company on behalf of directors | 2023 | 2022 | |||||
Main terms | £ | £ | ||||||
Abdullah Mohammed Al-Zahid | ||||||||
The director has a loan from Al-Rayan bank, that contains both fixed and floating charges that are secured against the assets of the company. At the year end, the balance of this loan was: | ||||||||
3,640,000 | 3,640,000 | |||||||
3,640,000 | 3,640,000 | |||||||
7 | Other information | |||||||
49 BILTON TOWERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
C/O Thakur-Chabert, Suite 410, the Atrium | ||||||||
1 Harefield Road | ||||||||
Uxbridge | ||||||||
United Kingdom | ||||||||
UB8 1EX |