Company Registration No. 08827240 (England and Wales)
Noor Estates Ltd
Unaudited accounts
for the year ended 31 December 2023
Noor Estates Ltd
Unaudited accounts
Contents
Noor Estates Ltd
Company Information
for the year ended 31 December 2023
Company Number
08827240 (England and Wales)
Registered Office
Kingsway House
17/18 Upper Dock Street
Newport
Gwent
NP20 1DH
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Noor Estates Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
2,742
3,150
Investment property
802,592
802,592
Cash at bank and in hand
11,825
201
Creditors: amounts falling due within one year
(11,279)
(13,033)
Net current assets
16,032
368
Total assets less current liabilities
821,366
806,110
Creditors: amounts falling due after more than one year
(673,361)
(654,576)
Provisions for liabilities
Net assets
147,484
151,534
Called up share capital
150,004
150,004
Profit and loss account
(2,520)
1,530
Shareholders' funds
147,484
151,534
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2024 and were signed on its behalf by
Umar Mahmood
Director
Company Registration No. 08827240
Noor Estates Ltd
Notes to the Accounts
for the year ended 31 December 2023
Noor Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 08827240. The registered office is Kingsway House, 17/18 Upper Dock Street, Newport, Gwent, NP20 1DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Noor Estates Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Total
5
Deferred taxation
2023
2022
Accelerated capital allowances
521
-
Charged to the profit and loss account
521
-
Provision at end of year
521
-
Allotted, called up and fully paid:
150,004 Ordinary shares of £1 each
150,004
150,004
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).