SOBHANI INVESTMENT LIMITED


Directors	Dr Omid Sobhani Ezabadi
	Dr Maria Lessani


Registered Address	116 Loudoun Road
	St John's Wood
	London
	NW8 0ND


Registered Number	11522760 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		629		839
Investment property	4		1,158,229		1,158,229
			1,158,858		1,159,068
Current assets
Cash at bank and on hand		391		100
		391		100
Creditors amounts falling due within one year	5	(573,454)		(562,032)
Net current assets (liabilities)			(573,063)		(561,932)
Total assets less current liabilities			585,795		597,136
Creditors amounts falling due after one year	6		(588,000)		(588,000)
Net assets			(2,205)		9,136
Capital and reserves
Called up share capital			100		100
Profit and loss account			(2,305)		9,036
Shareholders' funds			(2,205)		9,136

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2024, and are signed on its behalf by:

Dr Omid Sobhani Ezabadi
Director
Registered Company No. 11522760

SOBHANI INVESTMENT LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the rental income received or receivable, net of discounts and value added taxes.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current 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 Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Investment property
	Investment property which is property held to earn rentals and/or for capital appreciation is recognised at cost, which includes the purchase cost and any directly attributable expenditure.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 23	1,704	1,704
At 30 September 24	1,704	1,704
Depreciation and impairment
At 01 October 23	865	865
Charge for year	210	210
At 30 September 24	1,075	1,075
Net book value
At 30 September 24	629	629
At 30 September 23	839	839

4.	Investment property


		£
	Fair value at 01 October 23	1,158,229
	At 30 September 24	1,158,229

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	8,277
Other creditors	571,054	552,554
Accrued liabilities and deferred income	2,400	1,201
Total	573,454	562,032


	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.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	588,000	588,000
Total	588,000	588,000

7.	Directors advances, credits and guarantees
	At the balance sheet date, the Director's loan account had a credit balance of £291,978 (2023 : £477,978)