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REGISTERED NUMBER: 09011484 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Munir Brothers Limited

Munir Brothers Limited (Registered number: 09011484)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Munir Brothers Limited (Registered number: 09011484)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,297,971 2,231,470

CURRENT ASSETS
Cash at bank 16,841 25,316

CREDITORS
Amounts falling due within one year 5 719,577 713,519
NET CURRENT LIABILITIES (702,736 ) (688,203 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,595,235 1,543,267

CREDITORS
Amounts falling due after more than one year 6 1,195,660 1,217,887
NET ASSETS 399,575 325,380

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 399,475 325,280
SHAREHOLDERS' FUNDS 399,575 325,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 3 April 2025 and were signed on its behalf by:





M S Munir - Director


Munir Brothers Limited (Registered number: 09011484)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Munir Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09011484

Registered office: 97 Wyeverne Road
Cardiff
CF24 4BG

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Munir Brothers Limited (Registered number: 09011484)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,231,470
Additions 66,501
At 30 April 2024 2,297,971
NET BOOK VALUE
At 30 April 2024 2,297,971
At 30 April 2023 2,231,470

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 82,118 82,118
Taxation and social security 24,200 16,725
Other creditors 613,259 614,676
719,577 713,519

Included within creditors: amounts falling due within one year is an amount of £82,118 (2023 - £82,118) in respect of bank loans repayable in the year. This balance is secured by the way of a fixed and floating charge over the assets of the company.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,195,660 1,217,887

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,195,660 1,217,887

Included within creditors: amounts falling due after one year is an amount of £1,195,660 (2023 - £1,217,887) in respect of bank loans repayable in the year. This balance is secured by the way of a fixed and floating charge over the assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 shares £1 100 100

Munir Brothers Limited (Registered number: 09011484)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
M W Munir
Balance outstanding at start of year 105,665 105,665
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 105,665

M S Munir
Balance outstanding at start of year 100,000 100,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 100,000

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount £295,000 (2023 - £295,000) owed to 2 let 2 Limited, a related party by common directorship and shareholders.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the Directors.