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Company Registration No. 12098879 (England and Wales)
Hussain Asset Management Ltd Unaudited accounts for the year ended 31 July 2024
Hussain Asset Management Ltd Unaudited accounts Contents
Page
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Hussain Asset Management Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
241,406 
241,406 
Current assets
Cash at bank and in hand
587 
1,005 
Creditors: amounts falling due within one year
(57,410)
(63,900)
Net current liabilities
(56,823)
(62,895)
Total assets less current liabilities
184,583 
178,511 
Creditors: amounts falling due after more than one year
(152,557)
(152,557)
Net assets
32,026 
25,954 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
32,006 
25,934 
Shareholders' funds
32,026 
25,954 
For the year ending 31 July 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 3 January 2025 and were signed on its behalf by
Tabrace Hussain Director Company Registration No. 12098879
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Hussain Asset Management Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Hussain Asset Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12098879. The registered office is 255 The Broadway, Birmingham, B20 3EU, United Kingdom.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2023
241,406 
At 31 July 2024
241,406 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
241,406 
At 31 July 2023
241,406 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
(1)
Taxes and social security
2,362 
3,099 
Loans from directors
53,773 
60,352 
Accruals
1,275 
450 
57,410 
63,900 
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Hussain Asset Management Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
152,557 
152,557 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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