Registered number
SC627876
RAHMAN & RAHEEM INVESTMENTS LIMITED
33 Hawthorn Avenue
Kirkintilloch
Filleted Accounts
for the year ended 30 April 2024
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: R146/SA
RAHMAN & RAHEEM INVESTMENTS LIMITED
Registered number: SC627876
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 149,947 150,163
Current assets
Cash at bank and in hand 19,039 -
Creditors: amounts falling due within one year 4 (7,637) (5,951)
Net current assets/(liabilities) 11,402 (5,951)
Total assets less current liabilities 161,349 144,212
Creditors: amounts falling due after more than one year 5 (132,090) (119,463)
Net assets 29,259 24,749
Capital and reserves
Called up share capital 100 100
Income and expenditure account 29,159 24,649
Shareholders' funds 29,259 24,749
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 Abdur-Raheem Saleem
Director
Approved by the board on 10 February 2025
RAHMAN & RAHEEM INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 April 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 the 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.
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:
Fixtures, fittings, tools and equipment 10% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Fixture and fittings Total
£ £ £
Cost
At 1 May 2023 148,000 2,403 150,403
At 30 April 2024 148,000 2,403 150,403
Depreciation
At 1 May 2023 - 240 240
Charge for the year - 216 216
At 30 April 2024 - 456 456
Net book value
At 30 April 2024 148,000 1,947 149,947
At 30 April 2023 148,000 2,163 150,163
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation Tax 6,330 5,304
Other creditors 1,307 647
7,637 5,951
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 132,090 119,463
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