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Company No: 06826212 (England and Wales)

AL SHAHANIA UK LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

AL SHAHANIA UK LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

AL SHAHANIA UK LIMITED

BALANCE SHEET

As at 31 December 2024
AL SHAHANIA UK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
Current assets
Cash at bank and in hand 52,459 50,667
52,459 50,667
Net current assets 52,459 50,667
Total assets less current liabilities 52,459 50,667
Creditors: amounts falling due after more than one year 3 ( 2,237,020) ( 2,148,208)
Net liabilities ( 2,184,561) ( 2,097,541)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 2,184,562 ) ( 2,097,542 )
Total shareholders' deficit ( 2,184,561) ( 2,097,541)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Al Shahania UK Limited (registered number: 06826212) were approved and authorised for issue by the Director on 30 April 2025. They were signed on its behalf by:

Dean Lavy
Director
AL SHAHANIA UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
AL SHAHANIA UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Al Shahania UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Al Shahania UK Limited is considered to be EUR because that is the currency of the primary economic environment in which the Company operates.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Creditors: amounts falling due after more than one year

2024 2023
Other creditors 2,237,020 2,148,208

4. Ultimate controlling party

The company is a 100% owned subsidiary of Marsh Holdings Limited, a company registered in Jersey.

The director is of the opinion that the ultimate controlling party is HH Sheikh Mohammed Al-Thani. Included within creditors falling due in more than one year is €1,916,338 (2023: €1,825,359) due to HH Sheikh Mohammed Al-Thani.

Also included within creditors falling due in more than one year is €320,682 (2023: €322,849) due to a company which is controlled by HH Sheikh Mohammed Al-Thani.