Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-291false2023-02-18Buying and selling of own real estateOther letting and operating of own or leased real estatefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14672678 2023-02-17 14672678 2023-02-18 2024-02-29 14672678 2022-03-01 2023-02-17 14672678 2024-02-29 14672678 c:Director1 2023-02-18 2024-02-29 14672678 d:CurrentFinancialInstruments 2024-02-29 14672678 d:Non-currentFinancialInstruments 2024-02-29 14672678 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14672678 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 14672678 d:RetainedEarningsAccumulatedLosses 2024-02-29 14672678 c:FRS102 2023-02-18 2024-02-29 14672678 c:AuditExemptWithAccountantsReport 2023-02-18 2024-02-29 14672678 c:FullAccounts 2023-02-18 2024-02-29 14672678 c:PrivateLimitedCompanyLtd 2023-02-18 2024-02-29 14672678 e:PoundSterling 2023-02-18 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 14672678









FARISHTA BINT FAHIM PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
FARISHTA BINT FAHIM PROPERTY LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FARISHTA BINT FAHIM PROPERTY LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Farishta Bint Fahim Property Ltd for the year ended 29 February 2024 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 director of Farishta Bint Fahim Property Ltd in accordance with the terms of our engagement letter dated 08 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of Farishta Bint Fahim Property Ltd and state those matters that we have agreed to state to the director of Farishta Bint Fahim Property Ltd 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 Farishta Bint Fahim Property Ltd and its director for our work or for this report. 

It is your duty to ensure that Farishta Bint Fahim Property Ltd 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 Farishta Bint Fahim Property Ltd. You consider that Farishta Bint Fahim Property 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 Farishta Bint Fahim 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 financial statements.

  



77 Francis Road Francis Road,
Edgbaston
Birmingham
B16 8SP

11 November 2024
Page 1

 
FARISHTA BINT FAHIM PROPERTY LTD
REGISTERED NUMBER: 14672678

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
799,268

Cash at bank and in hand
 4 
703,159

  
1,502,427

Creditors: amounts falling due within one year
  
(4,000)

Net current assets
  
 
 
1,498,427

Total assets less current liabilities
  
1,498,427

Creditors: amounts falling due after more than one year
 5 
(1,500,000)

  

Net (liabilities)/assets
  
(1,573)


Capital and reserves
  

Profit and loss account
  
(1,573)

  
(1,573)


Page 2

 
FARISHTA BINT FAHIM PROPERTY LTD
REGISTERED NUMBER: 14672678
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges his 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 11 November 2024.




Fahim Al Ishaq Choudhury
Director

Page 3

 
FARISHTA BINT FAHIM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Frishta Bint Fahim Property Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration of 14672678. 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.

 
2.3

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.

 
2.4

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.

 
2.5

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.


Debtors

2024
Page 4

 
FARISHTA BINT FAHIM PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.Debtors (continued)

£


Other debtors
799,268

799,268



4.


Cash and cash equivalents

2024
£

Cash at bank and in hand
703,159

703,159



5.


Creditors: Amounts falling due after more than one year

2024
£

Other creditors
1,500,000

1,500,000


During the year, company recieved a £1,500,000.00 as an investment.
This investment is classified as a redeemable loan, with a maturity date of 18 April 2028, attracting a 20% after-tax profit share per annum. As of the balance sheet date, the company had received £700,732 in the bank, with the remaining £799,268 to be received, which is classified under other debtors. Due to the nature of this redeemable investment, it has been classified as a financial liability..


6.


Related party transactions

Fahim Al Ishaq Choudhury is the  director and shareholder of the company.  
During the period the director provided loans of £2,500 to company. As at the balance sheet date, the company owed the director £2,500, 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.


7.


Controlling party

During the year the company was under the control of Fahim Al Ishaq Choudhury.

Page 5

 
FARISHTA BINT FAHIM PROPERTY LTD
 
 
 Page 6