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Company Registration No. 13402473 (England and Wales)
SANABIL KB LTD Unaudited accounts for the year ended 31 May 2024
SANABIL KB LTD Unaudited accounts Contents
Page
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SANABIL KB LTD Company Information for the year ended 31 May 2024
Director
Dr. Isam Eldin Omer Ismaeil Elsarrag
Company Number
13402473 (England and Wales)
Registered Office
86 BROADWAY MANCHESTER M40 3LJ ENGLAND
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
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SANABIL KB LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
603,907 
74,965 
Current assets
Cash at bank and in hand
1,423 
98,603 
Creditors: amounts falling due within one year
(129,649)
(8,109)
Net current (liabilities)/assets
(128,226)
90,494 
Total assets less current liabilities
475,681 
165,459 
Creditors: amounts falling due after more than one year
(506,759)
(164,865)
Net (liabilities)/assets
(31,078)
594 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(32,078)
(406)
Shareholders' funds
(31,078)
594 
For the year ending 31 May 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 24 February 2025 and were signed on its behalf by
Dr. Isam Eldin Omer Ismaeil Elsarrag Director Company Registration No. 13402473
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SANABIL KB LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SANABIL KB LTD is a private company, limited by shares, registered in England and Wales, registration number 13402473. The registered office is 86 BROADWAY, MANCHESTER, M40 3LJ, ENGLAND.
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.
Going concern
The company is reliant upon the financial support from directors in order to meet its liabilities as they fall due. The directors have indicated that this support will continue for the foreseeable future.
Investment property
Investment property is included at market fair value. The directors believe the historical cost of the investment properties is a fair representation of their existing market value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
74,965 
Additions
528,942 
At 31 May 2024
603,907 
Investment property, which is held to earn rentals and/or for capital appreciation, is initially recognised at cost which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Gains or losses are recognised in the income statement.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
116,999 
- 
Other creditors
1,100 
- 
Loans from directors
5,536 
1,615 
Accruals
6,014 
6,494 
129,649 
8,109 
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SANABIL KB LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
176,759 
- 
Other creditors
- 
164,865 
Loans from directors
330,000 
- 
506,759 
164,865 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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