Company Registration No. 13143459 (England and Wales)
MISBAH PROPERTY LTD
Unaudited accounts
for the year ended 31 January 2024
MISBAH PROPERTY LTD
Unaudited accounts
Contents
MISBAH PROPERTY LTD
Company Information
for the year ended 31 January 2024
Directors
Muhammad Anwar
Farhan Anwar Sattar
Company Number
13143459 (England and Wales)
Registered Office
72 WOODGRANGE ROAD
LONDON
E7 0EN
ENGLAND
Accountants
Cooper Harland Limited
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
MISBAH PROPERTY LTD
for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MISBAH PROPERTY LTD for the year ended
31 January 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of MISBAH PROPERTY LTD, as a body, in accordance with the terms of our engagement letter dated 1 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of MISBAH PROPERTY LTD and state those matters that we have agreed to state to the Board of Directors of MISBAH PROPERTY LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MISBAH PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MISBAH PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MISBAH PROPERTY LTD. You consider that MISBAH PROPERTY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MISBAH PROPERTY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Cooper Harland Limited
Chartered Certified Accountants
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
5 September 2024
MISBAH PROPERTY LTD
Statement of financial position
as at 31 January 2024
Investment property
924,853
369,623
Cash at bank and in hand
35,050
110,569
Creditors: amounts falling due within one year
(995)
(400)
Net current assets
34,055
110,169
Total assets less current liabilities
959,590
481,008
Creditors: amounts falling due after more than one year
(1,040,522)
(523,396)
Net liabilities
(80,932)
(42,388)
Called up share capital
1
1
Profit and loss account
(80,933)
(42,389)
Shareholders' funds
(80,932)
(42,388)
For the year ending 31 January 2024 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 4 September 2024 and were signed on its behalf by
Farhan Anwar Sattar
Director
Company Registration No. 13143459
MISBAH PROPERTY LTD
Notes to the Accounts
for the year ended 31 January 2024
MISBAH PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13143459. The registered office is 72 WOODGRANGE ROAD, LONDON, E7 0EN, ENGLAND.
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:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
MISBAH PROPERTY LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
550
1,200
1,750
At 31 January 2024
550
1,200
1,750
At 1 February 2023
138
396
534
Charge for the year
138
396
534
At 31 January 2024
276
792
1,068
At 31 January 2024
274
408
682
At 31 January 2023
412
804
1,216
Fair value at 1 February 2023
369,623
At 31 January 2024
924,853
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,040,522
284,857
Loans from directors
-
238,539
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).