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REGISTERED NUMBER: 10043962 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONQUEST TRADING LIMITED

CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONQUEST TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M P Joghee
F Qureshy





REGISTERED OFFICE: 73 Park Lane
Croydon
Surrey
CR0 1JG





REGISTERED NUMBER: 10043962 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 266,400 289,800
Tangible assets 5 4,472 25,558
270,872 315,358

CURRENT ASSETS
Debtors 6 95,138 19,350
Cash at bank and in hand 8,122 4,804
103,260 24,154
CREDITORS
Amounts falling due within one year 7 365,668 342,994
NET CURRENT LIABILITIES (262,408 ) (318,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,464

(3,482

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 8,364 (3,582 )
8,464 (3,482 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2025 and were signed on its behalf by:





M P Joghee - Director


CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

CONQUEST TRADING LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 360,000
AMORTISATION
At 1 April 2023 70,200
Charge for year 23,400
At 31 March 2024 93,600
NET BOOK VALUE
At 31 March 2024 266,400
At 31 March 2023 289,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 84,347
DEPRECIATION
At 1 April 2023 58,789
Charge for year 21,086
At 31 March 2024 79,875
NET BOOK VALUE
At 31 March 2024 4,472
At 31 March 2023 25,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 95,138 19,350

CONQUEST TRADING LIMITED (REGISTERED NUMBER: 10043962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,079 40,521
Amounts owed to group undertakings 255,782 208,321
Taxation and social security 19,587 13,111
Other creditors 57,220 81,041
365,668 342,994

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (3,582 )
Profit for the year 11,946
At 31 March 2024 8,364

9. RELATED PARTY DISCLOSURES

At the year end, Conquest Trading Limited Ltd was owed £30,356 from Sihha Ltd, £46,061 from Organic Beginnings Limited and owed £3,116 to Cantab Leisure Limited and £187,321 to The Ribat Institute all under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is The Ribat Institute by virtue of its shareholding.