Company Registration No. 9411294 (England and Wales)
Exsab Investment Limited
Unaudited accounts
for the year ended 31 December 2023
Exsab Investment Limited
Unaudited accounts
Contents
Exsab Investment Limited
Company Information
for the year ended 31 December 2023
Directors
Mr Mohamed Abdul Hameed
Prince Faisal Abdullah Al Faisal AL Saud
Company Number
9411294 (England and Wales)
Registered Office
Docklands Business Centre Suite 12/3d
10-16 Tiller Road
London
E14 8PX
United Kingdom
Accountants
Artifin Accountants
Docklands Business Centre
Suite 12/3D, 10-16 Tiller Road, Dockland
London
E14 8PX
Exsab Investment Limited
Statement of financial position
as at 31 December 2023
Investments
2,064,160
2,064,160
Creditors: amounts falling due within one year
(5,500)
(4,000)
Net current liabilities
(5,500)
(4,000)
Net assets
2,058,660
2,060,160
Called up share capital
10,000
10,000
Revaluation reserve
2,232,409
2,232,409
Profit and loss account
(183,749)
(182,249)
Shareholders' funds
2,058,660
2,060,160
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 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 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 of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by
Mr Mohamed Abdul Hameed
Director
Company Registration No. 9411294
Exsab Investment Limited
Notes to the Accounts
for the year ended 31 December 2023
Exsab Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 9411294. The registered office is Docklands Business Centre Suite 12/3d, 10-16 Tiller Road, London, E14 8PX, United Kingdom.
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.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2023
2,064,160
Valuation at 31 December 2023
2,064,160
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
3,500
2,000
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).