Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30ctivities of other holding companies not elsewhere classifiedfalse2022-11-21falsefalse1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14495900 2022-11-20 14495900 2022-11-21 2023-11-30 14495900 2021-11-21 2022-11-20 14495900 2023-11-30 14495900 c:Director1 2022-11-21 2023-11-30 14495900 d:Buildings 2022-11-21 2023-11-30 14495900 d:Buildings 2023-11-30 14495900 d:LandBuildings 2023-11-30 14495900 d:CurrentFinancialInstruments 2023-11-30 14495900 d:Non-currentFinancialInstruments 2023-11-30 14495900 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14495900 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 14495900 d:ShareCapital 2023-11-30 14495900 d:OtherMiscellaneousReserve 2022-11-21 2023-11-30 14495900 d:OtherMiscellaneousReserve 2023-11-30 14495900 d:RetainedEarningsAccumulatedLosses 2023-11-30 14495900 c:OrdinaryShareClass1 2022-11-21 2023-11-30 14495900 c:OrdinaryShareClass1 2023-11-30 14495900 c:FRS102 2022-11-21 2023-11-30 14495900 c:AuditExemptWithAccountantsReport 2022-11-21 2023-11-30 14495900 c:FullAccounts 2022-11-21 2023-11-30 14495900 c:PrivateLimitedCompanyLtd 2022-11-21 2023-11-30 14495900 e:PoundSterling 2022-11-21 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14495900









FEEHA CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
FEEHA CAPITAL LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FEEHA CAPITAL LIMITED
FOR THE PERIOD ENDED 30 NOVEMBER 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 FEEHA CAPITAL LIMITED for the period ended 30 November 2023 which comprise  the Balance Sheet and the related notes 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 Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of FEEHA CAPITAL LIMITED, as a body, in accordance with the terms of our engagement letter dated 05 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of FEEHA CAPITAL LIMITED and state those matters that we have agreed to state to the Board of Directors of FEEHA CAPITAL LIMITED, 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 FEEHA CAPITAL LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that FEEHA CAPITAL LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FEEHA CAPITAL LIMITED. You consider that FEEHA CAPITAL LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of FEEHA CAPITAL LIMITED. 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.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

14 November 2024
Page 1

 
FEEHA CAPITAL LIMITED
REGISTERED NUMBER: 14495900

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,908,724

  
1,908,724

Current assets
  

Debtors: amounts falling due within one year
 5 
18,419

Cash at bank and in hand
 6 
597,447

  
615,866

Creditors: amounts falling due within one year
 7 
(500,806)

Net current assets
  
 
 
115,060

Total assets less current liabilities
  
2,023,784

Creditors: amounts falling due after more than one year
 8 
(1,573,530)

  

Net assets
  
450,254


Capital and reserves
  

Called up share capital 
  
100

Other reserves
  
543,841

Profit and loss account
  
(93,687)

  
450,254


Page 2

 
FEEHA CAPITAL LIMITED
REGISTERED NUMBER: 14495900
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 period 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 profit and loss account 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 14 November 2024.




Fahim Al Ishaq Choudhury
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Feeha Capital Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 14495900. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The principal activity of the company in the year under review was that of the buying and selling of own real estate and opther letting and operating of own or leased real estate.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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.

Page 5

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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:


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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 6

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

3.


Employees

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


        2023
            No.






Average Employee
1


4.


Tangible fixed assets





Investment property

£



Cost or valuation


Additions
1,908,724



At 30 November 2023

1,908,724






Net book value



At 30 November 2023
1,908,724




The net book value of land and buildings may be further analysed as follows:


2023
£

Investment property
1,908,724

1,908,724



5.


Debtors

2023
£


Prepayments and accrued income
18,419

18,419


Page 7

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
597,447

597,447



7.


Creditors: Amounts falling due within one year

2023
£

Other loans
491,804

Corporation tax
1,110

Other creditors
6,392

Accruals
1,500

500,806



8.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
1,573,530

1,573,530



9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary share shares of £1.00 each
100




Page 8

 
FEEHA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

10.


Reserves

Other reserves

The Company's reserves include a specific Interest-Free Loan Reserve, arising from the difference between the nominal amount of an interest-free loan and its Net Present Value (NPV) at the time of initial recognition.
The Company received an interest-free loan which was initially recognized at an NPV using a 5% discount rate. The difference represents the financing benefit from receiving an interest-free loan. This difference has been allocated to an other reserve and will be amortized over the term of the loan.


11.


Related party transactions

Fahim Al Ishaq Choudhury is the  director and shareholder of the company.  
During the period the director provided loans of £6,392 to company. As at the balance sheet date, the company owed the director £6,392,  which is shown in other creditors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


12.


Controlling party

During the year the company was under the control of the its directors.

 
Page 9