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REGISTERED NUMBER: 10520796 (England and Wales)


Ali Murtaza Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Ali Murtaza Ltd (Registered number: 10520796)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Ali Murtaza Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr S H Murtaza





REGISTERED OFFICE: 69 Lambeth Walk
London
SE11 6DX





REGISTERED NUMBER: 10520796 (England and Wales)





ACCOUNTANTS: Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Ali Murtaza Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ali Murtaza Ltd for the year ended 31st March 2024 which comprise the Abridged Income Statement, Abridged 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 Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ali Murtaza Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ali Murtaza Ltd and state those matters that we have agreed to state to the director of Ali Murtaza Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ali Murtaza 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 profit of Ali Murtaza Ltd. You consider that Ali Murtaza Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ali Murtaza 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.






Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX


Date: .............................................

Ali Murtaza Ltd (Registered number: 10520796)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 510,000 502,000

CURRENT ASSETS
Cash in hand 100 100

CREDITORS
Amounts falling due within one year 205,298 198,396
NET CURRENT LIABILITIES (205,198 ) (198,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,802

303,704

CREDITORS
Amounts falling due after more than one
year

6

293,737

298,542
NET ASSETS 11,065 5,162

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 10,965 5,062
SHAREHOLDERS' FUNDS 11,065 5,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ali Murtaza Ltd (Registered number: 10520796)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st November 2024 and were signed by:





Mr S H Murtaza - Director


Ali Murtaza Ltd (Registered number: 10520796)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Ali Murtaza Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognized when the right to consideration becomes due.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ali Murtaza Ltd (Registered number: 10520796)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
In the director's assessment of the company's ability to continue as a going concern, there are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 502,000
Revaluations 8,000
At 31st March 2024 510,000
NET BOOK VALUE
At 31st March 2024 510,000
At 31st March 2023 502,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2023 510,000

Ali Murtaza Ltd (Registered number: 10520796)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 493,456 493,456
Aggregate depreciation (19,738 ) (14,804 )

Investment property was valued on afair value basis on 31st March 2024 by Mr S Murtaza, the director .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 260,624 265,429

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,278 8,278

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,278 8,278

Amounts falling due between two and five years:
Bank loans - 3-5 years 24,835 24,835

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 260,624 265,429

Ali Murtaza Ltd (Registered number: 10520796)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary �£1 100 100

9. RELATED PARTY DISCLOSURES

Mr S Murtaza
Director & ultimate controlling party

At the reporting date, the company owed £163,155 (2023: £179,145) to Mr Murtaza. This is an interest free loan with no set repayment terms.

Naail & Co Ltd
A company under common control

At the reporting date, the company owed £32,065 (2023: £7,938) to Naail & Co Ltd. This is an interest free loan with no set repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S H Murtaza.