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Registered number: 11778633
Ar-Razaq Management Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Revacc
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11778633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,747 3,401
Investment Properties 5 147,414 147,414
150,161 150,815
CURRENT ASSETS
Debtors 6 - 2,500
Cash at bank and in hand 5,286 46,797
5,286 49,297
Creditors: Amounts Falling Due Within One Year 7 (58,314 ) (47,192 )
NET CURRENT ASSETS (LIABILITIES) (53,028 ) 2,105
TOTAL ASSETS LESS CURRENT LIABILITIES 97,133 152,920
Creditors: Amounts Falling Due After More Than One Year 8 (96,733 ) (147,014 )
NET ASSETS 400 5,906
CAPITAL AND RESERVES
Called up share capital 9 150 150
Profit and Loss Account 250 5,756
SHAREHOLDERS' FUNDS 400 5,906
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M A Razaq
Director
15/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ar-Razaq Management Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11778633 . The registered office is 101 Pevensey Road, Slough, SL2 1UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,102 14,978 17,080
Additions 500 1,166 1,666
As at 31 January 2024 2,602 16,144 18,746
...CONTINUED
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Depreciation
As at 1 February 2023 526 13,153 13,679
Provided during the period 519 1,801 2,320
As at 31 January 2024 1,045 14,954 15,999
Net Book Value
As at 31 January 2024 1,557 1,190 2,747
As at 1 February 2023 1,576 1,825 3,401
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 147,414
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 147,414 147,414
The investment property has been valued at the balance sheet date by the director, who believes the carrying value to be its fair value. There has been no valuation of investment property by an independent valuer.
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,500
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 99 89
Other loans 25,833 25,833
Corporation tax 7,699 9,420
VAT 3,979 4,542
Accruals and deferred income 813 863
Directors' loan accounts 19,891 6,445
58,314 47,192
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 96,733 127,014
Directors loan account - 20,000
96,733 147,014
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
25 Ordinary A shares of £ 1.00 each 25 25
25 Ordinary B shares of £ 1.00 each 25 25
150 150
The ordinary shares have voting and dividend rights, whereas the ordinary A and B shares are non voting, dividend only.
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 27,300 34,500
Final dividend paid 10,500 -
37,800 34,500
11. Ultimate Controlling Party
Mr M A Razaq is the ultimate controlling party by virtue of his majority interest in the voting share capital.
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