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REGISTERED NUMBER: 04966229 (England and Wales)















YUSUF PROPERTY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024






YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 913 1,074
Investments 5 12,950,000 -
Investment property 6 1,205,311 403,781
14,156,224 404,855

Current assets
Debtors 7 71,504 2,726
Cash at bank 20,260 75,259
91,764 77,985
Creditors
Amounts falling due within one year 8 (20,459 ) (10,546 )
Net current assets 71,305 67,439
Total assets less current liabilities 14,227,529 472,294

Creditors
Amounts falling due after more than one
year

9

(727,120

)

(7,120

)

Provisions for liabilities (173 ) -
Net assets 13,500,236 465,174

Capital and reserves
Called up share capital 12,950,100 100
Retained earnings 10 550,136 465,074
13,500,236 465,174

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

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

YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 28 May 2025 and were signed on its behalf by:





Mr Mohsin Alli - Director


YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. Statutory information

Yusuf Property Services 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: 04966229

Registered office: Ground Floor
184 Cheetham Hill Road
Manchester
M8 8LQ

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

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 - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. Accounting policies - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 December 2023
and 30 November 2024 3,351
Depreciation
At 1 December 2023 2,277
Charge for year 161
At 30 November 2024 2,438
Net book value
At 30 November 2024 913
At 30 November 2023 1,074

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 12,950,000
At 30 November 2024 12,950,000
Net book value
At 30 November 2024 12,950,000

YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. Investment property
Total
£   
Cost or valuation
At 1 December 2023 403,781
Additions 801,530
At 30 November 2024 1,205,311
Net book value
At 30 November 2024 1,205,311
At 30 November 2023 403,781

Cost or valuation at 30 November 2024 is represented by:
£   
Valuation in 2024 1,205,311

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,205,311 403,780

Investment properties were valued on an open market basis on 30 November 2024 by the directors .

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,600 2,080
Other debtors 65,904 646
71,504 2,726

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,380 5,380
Trade creditors 3,840 750
Taxation and social security 10,619 2,979
Other creditors 620 1,437
20,459 10,546

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 2,120 7,120
Amounts owed to group undertakings 725,000 -
727,120 7,120

YUSUF PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04966229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


10. Reserves
Retained
earnings
£   

At 1 December 2023 465,074
Profit for the year 285,062
Dividends (200,000 )
At 30 November 2024 550,136

11. Related party disclosures

At 30 November 2024 the directors owed £63,180 (2023: £815 company owed to the directors) to the company. No interest has been charged to the directors in respect of this loan which is repayable on demand and classified in other debtors due within one year.