Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3122022-11-01falseProperty rental and development2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13705350 2022-11-01 2023-10-31 13705350 2021-10-26 2022-10-31 13705350 2023-10-31 13705350 2022-10-31 13705350 c:Director1 2022-11-01 2023-10-31 13705350 c:Director2 2022-11-01 2023-10-31 13705350 d:FurnitureFittings 2022-11-01 2023-10-31 13705350 d:FurnitureFittings 2023-10-31 13705350 d:FurnitureFittings 2022-10-31 13705350 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 13705350 d:FreeholdInvestmentProperty 2022-11-01 2023-10-31 13705350 d:FreeholdInvestmentProperty 2023-10-31 13705350 d:FreeholdInvestmentProperty 2022-10-31 13705350 d:CurrentFinancialInstruments 2023-10-31 13705350 d:CurrentFinancialInstruments 2022-10-31 13705350 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13705350 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13705350 d:ShareCapital 2022-11-01 2023-10-31 13705350 d:ShareCapital 2023-10-31 13705350 d:ShareCapital 2021-10-26 2022-10-31 13705350 d:ShareCapital 2022-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2023-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2021-10-26 2022-10-31 13705350 d:RetainedEarningsAccumulatedLosses 2022-10-31 13705350 c:FRS102 2022-11-01 2023-10-31 13705350 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13705350 c:FullAccounts 2022-11-01 2023-10-31 13705350 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13705350 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 13705350










IMAAN MCR LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
IMAAN MCR LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IMAAN MCR LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imaan MCR Ltd for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Imaan MCR Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Imaan MCR Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imaan MCR Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Imaan MCR Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Imaan MCR Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Imaan MCR 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 financial statements.







Shipleys Tax Planning
 

23 October 2024
Page 1

 
IMAAN MCR LTD
REGISTERED NUMBER: 13705350

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
502
628

Investment property
 5 
413,536
410,287

  
414,038
410,915

Current assets
  

Debtors: amounts falling due within one year
 6 
6,386
6,386

Cash at bank and in hand
 7 
6,791
3,598

  
13,177
9,984

Creditors: amounts falling due within one year
 8 
(421,633)
(418,940)

Net current liabilities
  
 
 
(408,456)
 
 
(408,956)

Total assets less current liabilities
  
5,582
1,959

  

Net assets
  
5,582
1,959


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,482
1,859

  
5,582
1,959


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2024.





Page 2

 
IMAAN MCR LTD
REGISTERED NUMBER: 13705350

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


Najma Sultana Butt
Mohammed Amjad Chaudhary
Director
Director

The notes on pages 6 to 9 form part of these financial statements.

Page 3

 
IMAAN MCR LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
100
1,859
1,959


Comprehensive income for the year

Profit for the year

-
3,623
3,623


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
3,623
3,623


Total transactions with owners
-
-
-


At 31 October 2023
100
5,482
5,582


The notes on pages 6 to 9 form part of these financial statements.

Page 4

 
IMAAN MCR LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
1,859
1,859


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
1,859
1,859


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 October 2022
100
1,859
1,959


The notes on pages 6 to 9 form part of these financial statements.

Page 5

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

IImaan MCR Ltd is a company domiciled in England and Wales, company number 13705350.  The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Administration
2
2

Page 7

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 November 2022
628



At 31 October 2023

628



Depreciation


Charge for the year on owned assets
126



At 31 October 2023

126



Net book value



At 31 October 2023
502



At 31 October 2022
628


5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
410,287


Additions at cost
3,249



At 31 October 2023
413,536

The 2023 valuations were made by the directors, on an open market value for existing use basis.



At 31 October 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




6.


Debtors

2023
2022
£
£

Page 8

 
IMAAN MCR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.Debtors (continued)


Prepayments and accrued income
6,386
6,386

6,386
6,386



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,791
3,598

6,791
3,598



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,500
4,500

Corporation tax
1,124
245

Other creditors
413,849
413,115

Accruals and deferred income
2,160
1,080

421,633
418,940



Page 9