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REGISTERED NUMBER: 11685184 (England and Wales)






Unaudited Financial Statements

for the Year Ended 30th November 2023

for

ZAHRAH HOMES NO 1 LTD

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZAHRAH HOMES NO 1 LTD

Company Information
for the Year Ended 30th November 2023







Director: A Dad





Registered office: 156 West Wycombe Road
High Wycombe
Buckinghamshire
HP12 3AE





Registered number: 11685184 (England and Wales)





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Balance Sheet
30th November 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
1,635,000 Investment property 4 3,465,000

CURRENT ASSETS
150,942 Debtors 5 804,847
7,174 Cash at bank 13,858
158,116 818,705
CREDITORS
39,471 Amounts falling due within one year 6 454,622
118,645 NET CURRENT ASSETS 364,083

1,753,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,829,083

CREDITORS

(1,182,688

)
Amounts falling due after more than one
year

7

(2,314,383

)

(133,659 ) PROVISIONS FOR LIABILITIES 10 (371,567 )
437,298 NET ASSETS 1,143,133

CAPITAL AND RESERVES
1 Called up share capital 1
397,980 Fair value reserve 11 1,111,701
39,317 Retained earnings 11 31,431
437,298 1,143,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Balance Sheet - continued
30th November 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 director and authorised for issue on 30th August 2024 and were signed by:





A Dad - Director


ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Zahrah Homes No 1 Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st December 2022 1,635,000
Additions 878,371
Revaluations 951,629
At 30th November 2023 3,465,000
Net book value
At 30th November 2023 3,465,000
At 30th November 2022 1,635,000

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2023 3,465,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 781,967 148,062
Amounts owed by participating interests 5,000 -
Amounts owed by associates 15,000 -
Other debtors 2,880 2,880
804,847 150,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,667 5,000
Amounts owed to group undertakings 437,728 12,812
Corporation tax - 7,520
Directors' current accounts 1,533 514
Accruals and deferred income 8,694 13,625
454,622 39,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 36,661 45,000
Other loans (see note 8) 2,277,722 1,137,688
2,314,383 1,182,688

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,277,722 1,137,688

Repayable by instalments
Bank loans more 5 yr by instal 9,994 5,000

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,667 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 26,667 40,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,277,722 1,137,688

Repayable by instalments
Bank loans more 5 yr by instal 9,994 5,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 2,277,722 1,137,688

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 371,567 133,659

ZAHRAH HOMES NO 1 LTD (REGISTERED NUMBER: 11685184)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2022 133,659
Property revaluation reserve 237,908
Balance at 30th November 2023 371,567

11. RESERVES
Fair
Retained value
Totals earnings reserve
£    £    £   

At 1st December 2022 437,297 39,317 397,980
Profit for the year 705,834 705,834
Property revaluation surplus 1 (713,720 ) 713,721
At 30th November 2023 1,143,132 31,431 1,111,701