2023-12-01 07841581 2024-11-30 07841581 2023-12-01 2024-11-30 07841581 2023-11-30 07841581 2022-12-01 2023-11-30 07841581 uk-core:WithinOneYear 2023-11-30 07841581 uk-core:WithinOneYear 2024-11-30 07841581 uk-core:AfterOneYear 2023-11-30 07841581 uk-core:AfterOneYear 2024-11-30 07841581 uk-core:ShareCapital 2024-11-30 07841581 uk-core:ShareCapital 2023-11-30 07841581 uk-core:InvestmentPropertiesRevaluationReserve 2024-11-30 07841581 uk-core:InvestmentPropertiesRevaluationReserve 2023-11-30 07841581 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 07841581 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07841581 uk-bus:Director1 2023-12-01 2024-11-30 07841581 uk-core:FurnitureFittings 2023-12-01 2024-11-30 07841581 uk-core:AfterOneYear uk-core:Secured 2024-11-30 07841581 uk-core:AfterOneYear uk-core:Secured 2023-11-30 iso4217:GBP xbrli:pure 07841581 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07841581 uk-bus:FRS102 2023-12-01 2024-11-30 07841581 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 07841581 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
Merali Property Ltd
Registered Number:07841581
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
Merali Property Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07841581
As at 30 November 2024
Merali Property Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
26,994
1,923
2
3
7,923,435
7,386,575
Investment property
7,950,429
7,388,498
Current assets
Trade and other receivables
14,240
10,239
4
657,047
Cash and cash equivalents
409,849
420,088
671,287
Trade and other payables: amounts falling due within one year
(2,340,520)
(2,035,475)
5
(1,669,233)
(1,615,387)
Net current liabilities
Total assets less current liabilities
6,335,042
5,719,265
Trade and other payables: amounts falling due after more than one year
(2,753,904)
(2,670,634)
6
(368,504)
(236,004)
Provisions for liabilities
3,295,904
Net assets
2,729,357
Capital and reserves
Called up share capital
100
100
Fair value reserve
1,407,312
1,009,812
Retained earnings
1,888,492
1,719,445
3,295,904
2,729,357
Shareholders' funds
For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07841581
For the year ended 30 November 2024
Merali Property Ltd
Statement of Financial Position Continued
Miss Nimah Merali Director
These financial statements were approved and authorised for issue by the Board on 16 June 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2024
Merali Property Ltd
Notes to the Financial Statements
Statutory Information
Merali Property Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07841581.
Registered address:
209-211 Whitham Road
Sheffield
S10 2SP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Fixtures and fittings
Investment property
Investment property is shown at recent valuations provided by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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.
2. Property, plant and equipment
Fixtures and fittings
£
Cost or valuation
At 01 December 2023
38,432
27,528
Additions
At 30 November 2024
65,960
Provision for depreciation and impairment
At 01 December 2023
36,509
Charge for year
2,457
At 30 November 2024
38,966
At 30 November 2024
Net book value
26,994
At 30 November 2023
1,923
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6
For the year ended 30 November 2024
Merali Property Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 December 2023
7,386,575
Additions
6,860
Fair value adjustments
530,000
At 30 November 2024
7,923,435
Net book value
At 30 November 2024
7,923,435
At 30 November 2023
7,386,575
The book cost of these assets is £6,147,618 (2023: £6,140,758).
4. Trade and other receivables
2023
2024
£
£
Trade debtors
9,576
14,240
Other debtors
663
-
14,240
10,239
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
688,500
595,443
Taxation and social security
48,122
106,253
Other creditors
1,298,853
1,638,824
2,035,475
2,340,520
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
15,000
25,000
Bank loans and overdraft (secured)
2,655,634
2,728,904
2,670,634
2,753,904
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7
For the year ended 30 November 2024
Merali Property Ltd
Notes to the Financial Statements Continued
7. Related party transactions
At the year end, £430,000 (2023: £595,443) is owed to companies under common control.
8. Average number of persons employed
During the year the average number of employees was 0
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