0
01/10/2023
30/09/2024
2024-09-30
false
false
false
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false
true
false
false
true
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No description of principal activities is disclosed
2023-10-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
12893135
2023-10-01
2024-09-30
12893135
2024-09-30
12893135
2023-09-30
12893135
2022-10-01
2023-09-30
12893135
2023-09-30
12893135
2022-09-30
12893135
core:FurnitureFittingsToolsEquipment
2023-10-01
2024-09-30
12893135
bus:Director1
2023-10-01
2024-09-30
12893135
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-09-30
12893135
core:FurnitureFittingsToolsEquipment
2023-09-30
12893135
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-09-30
12893135
core:FurnitureFittingsToolsEquipment
2024-09-30
12893135
core:WithinOneYear
2024-09-30
12893135
core:WithinOneYear
2023-09-30
12893135
core:RetainedEarningsAccumulatedLosses
2022-10-01
2023-09-30
12893135
core:RetainedEarningsAccumulatedLosses
2023-10-01
2024-09-30
12893135
core:AfterOneYear
2024-09-30
12893135
core:AfterOneYear
2023-09-30
12893135
core:UKTax
2023-10-01
2024-09-30
12893135
core:ShareCapital
2024-09-30
12893135
core:ShareCapital
2023-09-30
12893135
core:RetainedEarningsAccumulatedLosses
2024-09-30
12893135
core:RetainedEarningsAccumulatedLosses
2023-09-30
12893135
core:ShareCapital
2022-09-30
12893135
core:RetainedEarningsAccumulatedLosses
2022-09-30
12893135
core:PreviouslyStatedAmount
core:ShareCapital
2024-09-30
12893135
core:FinancialLiabilitiesAmortisedCost
2024-09-30
12893135
core:FinancialLiabilitiesAmortisedCost
2023-09-30
12893135
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-10-01
2024-09-30
12893135
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-09-30
12893135
core:FurnitureFittingsToolsEquipment
2023-09-30
12893135
bus:Director1
2023-09-30
12893135
bus:Director1
2024-09-30
12893135
bus:Director1
2022-09-30
12893135
bus:Director1
2023-09-30
12893135
bus:Director1
2022-10-01
2023-09-30
12893135
bus:SmallEntities
2023-10-01
2024-09-30
12893135
bus:AuditExempt-NoAccountantsReport
2023-10-01
2024-09-30
12893135
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
12893135
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
12893135
bus:FullAccounts
2023-10-01
2024-09-30
Company registration number:
12893135
Zafar Investments Ltd
Unaudited filleted financial statements
30 September 2024
Zafar Investments Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Zafar Investments Ltd
Statement of financial position
30 September 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
285,754 |
|
|
|
284,597 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
285,754 |
|
|
|
284,597 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash at bank and in hand |
|
|
5,236 |
|
|
|
784 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
5,236 |
|
|
|
784 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
88,388) |
|
|
|
(
88,312) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
83,152) |
|
|
|
(
87,528) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
202,602 |
|
|
|
197,069 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
199,508) |
|
|
|
(
199,495) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets/(liabilities) |
|
|
|
|
3,094 |
|
|
|
(
2,426) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
2,994 |
|
|
|
(
2,526) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds/(deficit) |
|
|
|
|
3,094 |
|
|
|
(
2,426) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 October 2024
, and are signed on behalf of the board by:
Mr Hamza Zafar
Director
Company registration number:
12893135
Zafar Investments Ltd
Statement of changes in equity
Year ended 30 September 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 October 2022 |
|
100 |
|
(
1,808) |
(
1,708) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
(
718) |
(
718) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
718) |
(
718) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 and 1 October 2023 |
|
100 |
|
(
2,526) |
(
2,426) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
5,520 |
5,520 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
5,520 |
5,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
|
100 |
|
2,994 |
3,094 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zafar Investments Ltd
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 204 Mauldeth Road, Burnage, Manchester, M19 1AJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
0 % |
|
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tax on profit/loss
Major components of tax expense
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
771 |
- |
|
|
|
_______ |
_______ |
|
Tax on profit/loss |
|
771 |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
Reconciliation of tax expense
The tax assessed on the profit/loss for the year is lower than (2023: the same as) the
standard rate of corporation tax in the UK
of
19.00
% (2023: -%).
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Profit/(loss) before taxation |
|
6,291 |
(
718) |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Profit/(loss) multiplied by rate of tax |
|
1,195 |
- |
|
Effect of capital allowances and depreciation |
|
4 |
- |
|
Unrelieved tax losses |
|
(
428) |
- |
|
|
|
_______ |
_______ |
|
Tax on profit/loss |
|
771 |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
284,507 |
120 |
284,627 |
|
|
|
|
|
Additions |
1,180 |
- |
1,180 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
285,687 |
120 |
285,807 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
- |
30 |
30 |
|
|
|
|
|
Charge for the year |
- |
23 |
23 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
- |
53 |
53 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2024 |
285,687 |
67 |
285,754 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
284,507 |
90 |
284,597 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
7,751 |
7,751 |
|
Corporation tax |
|
771 |
- |
|
Other creditors |
|
79,866 |
80,561 |
|
|
|
_______ |
_______ |
|
|
|
88,388 |
88,312 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
199,508 |
199,495 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Financial assets that are debt instruments measured at amortised cost |
|
|
|
|
Cash at bank and in hand |
|
5,235 |
784 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Financial liabilities measured at amortised cost |
|
|
|
|
Bank and other loans |
|
207,259 |
207,246 |
|
Accruals |
|
1,037 |
977 |
|
Director's loan account |
|
78,829 |
79,584 |
|
|
|
_______ |
_______ |
|
|
|
287,125 |
287,807 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Hamza Zafar |
(
79,584) |
755 |
(
78,829) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr Hamza Zafar |
(
80,335) |
751 |
(
79,584) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
10.
Controlling party
The company is controlled by the director
Mr Hamza Zafar
, as he owns all of the issued share capital in the company.