Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09525241 Mr Abbas Shaikh Mr Abbas Shaikh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09525241 2023-04-30 09525241 2024-04-30 09525241 2023-05-01 2024-04-30 09525241 frs-core:CurrentFinancialInstruments 2024-04-30 09525241 frs-core:Non-currentFinancialInstruments 2024-04-30 09525241 frs-core:FurnitureFittings 2024-04-30 09525241 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09525241 frs-core:FurnitureFittings 2023-04-30 09525241 frs-core:ShareCapital 2024-04-30 09525241 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09525241 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09525241 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09525241 frs-bus:SmallEntities 2023-05-01 2024-04-30 09525241 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09525241 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09525241 1 2023-05-01 2024-04-30 09525241 frs-bus:Director1 2023-05-01 2024-04-30 09525241 frs-countries:EnglandWales 2023-05-01 2024-04-30 09525241 2022-04-30 09525241 2023-04-30 09525241 2022-05-01 2023-04-30 09525241 frs-core:CurrentFinancialInstruments 2023-04-30 09525241 frs-core:Non-currentFinancialInstruments 2023-04-30 09525241 frs-core:ShareCapital 2023-04-30 09525241 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09525241
Shaikh Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09525241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,353 3,827
Investment Properties 5 133,338 133,338
139,691 137,165
CURRENT ASSETS
Debtors 6 1,000 (1,000 )
Cash at bank and in hand 3,283 21,447
4,283 20,447
Creditors: Amounts Falling Due Within One Year 7 (80,604 ) (72,675 )
NET CURRENT ASSETS (LIABILITIES) (76,321 ) (52,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,370 84,937
Creditors: Amounts Falling Due After More Than One Year 8 (87,795 ) (98,795 )
NET LIABILITIES (24,425 ) (13,858 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (24,426 ) (13,859 )
SHAREHOLDERS' FUNDS (24,425) (13,858)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Abbas Shaikh
Director
31/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shaikh Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09525241 . The registered office is 9 Albert Place, Longsight, Manchester, Greater Manchester, M13 0SQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 6,560
Additions 4,626
As at 30 April 2024 11,186
Depreciation
As at 1 May 2023 2,733
Provided during the period 2,100
As at 30 April 2024 4,833
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 6,353
As at 1 May 2023 3,827
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 133,338
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,000 (1,000 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,000 (4,929 )
Accruals and deferred income 9,000 9,000
Director's loan account 68,604 68,604
80,604 72,675
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,200 21,200
Amounts owed to related parties 77,595 77,595
87,795 98,795
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Abbas Shaikh by virtue of his ownership of 100% of the issued share capital in the company.
Page 4