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Registered number: 05598080

WAFA Associates Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
Montague Kaye
Accountants & Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

WAFA Associates Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
Wafa Kabbani
SECRETARY
Basil Kabbani
REGISTERED OFFICE
10 Church Road
Cheadle Hulme
Cheadle HulmeCheadle
Cheshire
SK8 7JU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05598080
ACCOUNTANTS
Montague Kaye
Accountants & Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

WAFA Associates Limited

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WAFA Associates Limited

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3263,150263,150
CURRENT ASSETS
Cash at bank and in hand1,228851
1,228851
CREDITORS: Amounts falling due within one year523,36522,778
NET CURRENT LIABILITIES(22,137)(21,927)
TOTAL ASSETS LESS CURRENT LIABILITIES241,013241,223
CREDITORS: Amounts falling due after more than one year6207,013207,107
NET ASSETS34,00034,116
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account33,90034,016
SHAREHOLDERS' FUNDS34,00034,116
For the year ending 30/09/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2023 and signed on their behalf by
.............................
Wafa Kabbani
Director

WAFA Associates Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Cost
At 30/09/2023
Depreciation
At 30/09/2023
Net Book Amounts
At 30/09/2023

WAFA Associates Limited

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/10/2022263,150263,150
At 30/09/2023263,150263,150
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax8373,026
Amounts due from group companies-2,437
Directors current account15,08715,404
Trade creditors780-
Accruals1,9111,911
Amounts due to group companies4,750-
23,36522,778
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr207,013207,107
207,013207,107
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100

WAFA Associates Limited

8. RELATED PARTY TRANSACTIONS
During the year the company was under the control of the director W Kabbani.
During the year, the company paid BK Associates (NW) Limited, a UK company under the contol of the directors son B Kabbani, a management charge of £1,086 and recharged expenses of £2,450.
As at the year end the company owed BK Associates (NW) Limited £4,750. The loan is repayable on demand.