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Company Registration No. SC556613 (Scotland)
Burraq Investments Limited Unaudited accounts for the year ended 29 February 2024
Burraq Investments Limited Unaudited accounts Contents
Page
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Burraq Investments Limited Company Information for the year ended 29 February 2024
Director
J Amin
Company Number
SC556613 (Scotland)
Registered Office
18 Mosshead Road Bearsden Glasgow G61 3HN
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Burraq Investments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
195,000 
195,000 
Current assets
Debtors
1,891 
1,687 
Cash at bank and in hand
55 
667 
1,946 
2,354 
Creditors: amounts falling due within one year
(288)
(347)
Net current assets
1,658 
2,007 
Total assets less current liabilities
196,658 
197,007 
Creditors: amounts falling due after more than one year
(218,276)
(215,705)
Net liabilities
(21,618)
(18,698)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,619)
(18,699)
Shareholders' funds
(21,618)
(18,698)
For the year ending 29 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
J Amin Director Company Registration No. SC556613
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Burraq Investments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Burraq Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC556613. The registered office is 18 Mosshead Road, Bearsden, Glasgow, G61 3HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided
Going concern
The balance sheet shows that the company has an excess of liabilities over assets. The accounts have been prepared on a going concern basis assuming the continuing support of the company's director.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
195,000 
At 29 February 2024
195,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
195,000 
At 28 February 2023
195,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,891 
1,687 
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Burraq Investments Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
288 
347 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
218,276 
215,705 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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