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Registration number: 10436191

Zaman Real Estate Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 November 2023

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Zaman Real Estate Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Zaman Real Estate Ltd

Company Information

Directors

Mr Nurez Zaman

Mrs Rahana Zaman

Registered office

47 Cheltenham Close
North Gosforth
Newcastle
NE13 6QF

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Zaman Real Estate Ltd

(Registration number: 10436191)
Balance Sheet as at 29 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

128,021

128,021

Current assets

 

Cash at bank and in hand

 

411

39,909

Creditors: Amounts falling due within one year

5

(188,295)

(213,391)

Net current liabilities

 

(187,884)

(173,482)

Total assets less current liabilities

 

(59,863)

(45,461)

Creditors: Amounts falling due after more than one year

5

(20,865)

(39,326)

Net liabilities

 

(80,728)

(84,787)

Capital and reserves

 

Called up share capital

6

6

Retained earnings

(80,734)

(84,793)

Shareholders' deficit

 

(80,728)

(84,787)

For the financial year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
Mrs Rahana Zaman
Director

 

Zaman Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
47 Cheltenham Close
North Gosforth
Newcastle
NE13 6QF

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Zaman Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Zaman Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023 (continued)

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 30 November 2022

128,021

128,021

At 29 November 2023

128,021

128,021

Depreciation

Carrying amount

At 29 November 2023

128,021

128,021

At 29 November 2022

128,021

128,021

Included within the net book value of land and buildings above is £128,021 (2022 - £128,021) in respect of freehold land and buildings.
 

 

Zaman Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

9,514

-

Taxation and social security

 

-

502

Accruals and deferred income

 

1,266

749

Other creditors

 

177,515

212,140

 

188,295

213,391

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

20,865

39,326

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

20,865

39,326

Current loans and borrowings

2023
£

2022
£

Bank borrowings

9,514

-