Registered number
02585862
ZAHRA LIMITED
Filleted Accounts
30 June 2024
ZAHRA LIMITED
Registered number: 02585862
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,402 34,931
Investments 4 4,896,480 4,896,480
4,925,882 4,931,411
Current assets
Cash at bank and in hand 121,114 12,045
Creditors: amounts falling due within one year 5 (318,514) (351,859)
Net current liabilities (197,400) (339,814)
Total assets less current liabilities 4,728,482 4,591,597
Creditors: amounts falling due after more than one year 6 (161,698) (214,810)
Net assets 4,566,784 4,376,787
Capital and reserves
Called up share capital 20,000 20,000
Revaluation reserve 8 2,416,509 2,416,509
Profit and loss account 2,130,275 1,940,278
Shareholders' funds 4,566,784 4,376,787
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Souheil Haddad Mr Fadi Haddad
Director
Approved by the board on 4 February 2025
ZAHRA LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 letting of properties and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15%
Motor vehicle 25%
Investments
Investments properties are initially recognised at cost and then subsequently measured at fair value. Changes in fair value are included in the profit and loss account
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 182,111 9,135 191,246
At 30 June 2024 182,111 9,135 191,246
Depreciation
At 1 July 2023 150,071 6,244 156,315
Charge for the year 4,806 723 5,529
At 30 June 2024 154,877 6,967 161,844
Net book value
At 30 June 2024 27,234 2,168 29,402
At 30 June 2023 32,040 2,891 34,931
4 Investments
Investments
in properties
£
Cost
At 1 July 2023 4,896,480
At 30 June 2024 4,896,480
Historical cost
At 1 July 2023 2,479,971
At 30 June 2024 2,479,971
The investment properties are stated a fair values. These had been determined by an independent appraiser based on current prices in an active market for similar properties in the
same location and similar leases and other contracts
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 53,606 90,462
Amounts owed to related undertakings 186,156 204,121
Taxation and social security costs 63,247 41,970
Other creditors 15,505 15,306
318,514 351,859
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 161,698 214,810
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 215,304 305,272
The Bank loans are secured on the freehold investment properties of the company
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 2,416,509 2,404,509
Gain on revaluation of land and buildings - 12,000
At 30 June 2024 2,416,509 2,416,509
2023 2024
9 Related party transactions £ £
[ Dina Foods Limited]
During the period the company rented out equipment and
properties to Dina Foods Limited a related undertaking in
its ordinary course of business.
Amount due to Dina Foods Limited at the end of the
accounting period was: (186,156) (204,121)
10 Controlling party
The company was controlled throughout the current and previous periods by its directors
Messrs Souheil E Haddad, Samir E Haddad and Fadi E Haddad who between them own 60% of
the ordinary share capital of the company and a related undertaking who own the remaining 40%
11 Other information
ZAHRA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
165 Nunhead Grove
London
SE15 3LS
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