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REGISTERED NUMBER: 08811067 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SAJJID ABBASI & FAMILY (UK) LIMITED

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAJJID ABBASI & FAMILY (UK) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Sajjid Abbasi
Mrs Eshrat Abbasi
Mrs Zarina K Abbasi





SECRETARY: Mr Usman Abbasi





REGISTERED OFFICE: C/O Golder Baqa
Ground Floor
1 Baker's Row
London
EC1R 3DB





REGISTERED NUMBER: 08811067 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26 35
Investment property 5 1,126,455 1,126,455
1,126,481 1,126,490

CURRENT ASSETS
Cash at bank 16,220 19,283

CREDITORS
Amounts falling due within one year 6 1,059,677 987,468
NET CURRENT LIABILITIES (1,043,457 ) (968,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,024

158,305

CREDITORS
Amounts falling due after more than one
year

7

-

(76,614

)

PROVISIONS FOR LIABILITIES 9 (21,232 ) (21,232 )

ACCRUALS AND DEFERRED INCOME (1,800 ) (1,800 )
NET ASSETS 59,992 58,659

CAPITAL AND RESERVES
Called up share capital 10 27 27
Fair value reserve 11 90,513 90,513
Retained earnings (30,548 ) (31,881 )
SHAREHOLDERS' FUNDS 59,992 58,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:





Mr Sajjid Abbasi - Director


SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SAJJID ABBASI & FAMILY (UK) LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
At 1 January 2023
and 31 December 2023 470
DEPRECIATION
At 1 January 2023 435
Charge for year 9
At 31 December 2023 444
NET BOOK VALUE
At 31 December 2023 26
At 31 December 2022 35

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,164,902
DEPRECIATION
At 1 January 2023
and 31 December 2023 38,447
NET BOOK VALUE
At 31 December 2023 1,126,455
At 31 December 2022 1,126,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 80,671 5,914
Trade creditors 642 -
Corporation tax 316 -
Directors' loan account 978,048 981,554
1,059,677 987,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) - 76,614

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs - 76,614

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 80,671 5,914

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs - 76,614

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 21,232 21,232

Deferred
tax
£   
Balance at 1 January 2023 21,232
Balance at 31 December 2023 21,232

The provision for deferred tax is in relation to the fair value adjustment of investment property

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
5 Ordinary C £5 25 25
27 27

SAJJID ABBASI & FAMILY (UK) LIMITED (Registered number: 08811067)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 90,513