for the Period Ended 31 May 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Footnotes to the Balance Sheet - 8 |
for the Period Ended 31 May 2024
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 May 2024
Principal Activities
Company policy on the employment of disabled persons
Additional information
Review of the Business During the year, the company acquired a residential property for £210,000 as part of the new business activity. The acquisition was financed through a combination of a director’s loan contribution (representing a 25% deposit and associated fees) and a mortgage facility. Repairs and modernization work are planned to prepare the property for future rental income. The company incurred a net loss of £9,856 during the financial year, reflecting ongoing expenses and the absence of rental income while the property is being renovated. Despite the current financial deficit, the director is confident in the company’s ability to generate sustainable rental income in the future. Financial Position At the year-end, the company’s total assets stood at £215,529, with net liabilities of £16,611. The director's loan account recorded a balance of £62,018, which reflects the personal contribution toward the property purchase and operating expenses. Future Outlook The company plans to complete the renovation work and make the property available for rent in the upcoming financial year. The director remains optimistic about the potential for steady rental income and improving the company’s financial position over time. Director Mr. Syed Amaad Ali Shah has been the sole director of the company since its incorporation on 22 May 2018. Statement of Director’s Responsibilities The director confirms that the financial statements have been prepared in accordance with applicable accounting standards and the Companies Act 2006 and fairly present the company’s financial position. The director acknowledges responsibility for maintaining proper accounting records and ensuring the company’s compliance with regulatory obligations. Approved by the Board Signed: Syed Amaad Ali Shah Director Date: [10 Jan 2025]
Directors
The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 May 2024
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Turnover |
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Income from coronavirus (COVID-19) business support grants | 0 | 0 |
Other Income |
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Cost of Materials |
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Staff Costs |
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Depreciation and Writeoffs |
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Other charges |
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Tax on Profit |
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Profit or (Loss) for Period |
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As at
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Called up share capital not paid: |
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Fixed Assets: |
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Current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Total net assets (liabilities): |
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Capital and reserves: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
for the Period Ended 31 May 2024