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Registered Number: 05316499
England and Wales

 

 

 

RASHID INVESTMENT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director KHAN Aisha Mahmood
Registered Number 05316499
Registered Office 35 CAVENDISH GARDENS
BARKING ESSEX
IG11 9DR
Accountants Consulting Direct UK Ltd
1 Avenue Industrial Estate
Southend Arterial Road
Romford
RM3 0BY
1
  2023   2022
    £ £   £ £
Fixed assets   2,063,709      2,090,989 
Current assets 115,092      26,227   
Creditors: amount falling due within one year (205,750)     (229,366)  
Net current assets   (90,658)     (203,139)
Total assets less current liabilities   1,973,051      1,887,850 
Creditors: amount falling due after more than one year   (284,301)     (339,082)
Net assets   1,688,750      1,548,768 
 

         
Capital and reserves   1,688,750      1,548,768 
 
NOTES TO THE ACCOUNTS

General Information
RASHID INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05316499, registration address 35 CAVENDISH GARDENS, BARKING ESSEX, IG11 9DR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 January 2023 1,909,124    672,732    2,581,856 
Additions    
Disposals    
At 31 December 2023 1,909,124    672,732    2,581,856 
Depreciation
At 01 January 2023   490,867    490,867 
Charge for year   27,280    27,280 
On disposals    
At 31 December 2023   518,147    518,147 
Net book values
Closing balance as at 31 December 2023 1,909,124    154,585    2,063,709 
Opening balance as at 01 January 2023 1,909,124    181,865    2,090,989 


3.

Average number of employees

Average number of employees during the year was 6 (2022 : 4).

4.

Advances and Credits



Mrs. Aisha Mahmood Khan


Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mrs. Aisha Mahmood Khan(17,118)375 (16,743)
-171183750000-16743
Previous year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mrs. Aisha Mahmood Khan(18,118)1,000 (17,118)
-1811810000000-17118

For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 September 2024 and were signed by:


--------------------------------
KHAN Aisha Mahmood
Director
2