| Registered Number:07841581 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
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
Merali Property Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
26,994
1,923
2
3
7,923,435
7,386,575
7,950,429
7,388,498
| 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
100
100
1,407,312
1,009,812
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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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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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. |
209-211 Whitham Road
Sheffield
S10 2SP
| The presentation currency is £ sterling. |
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: |
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
38,432
27,528
65,960
| Provision for depreciation and impairment |
36,509
Charge for year
2,457
38,966
26,994
1,923
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For the year ended 30 November 2024
Merali Property Ltd
Notes to the Financial Statements Continued
7,386,575
6,860
530,000
7,923,435
7,923,435
7,386,575
The book cost of these assets is £6,147,618 (2023: £6,140,758).
| 4. Trade and other receivables |
2023
2024
9,576
14,240
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
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
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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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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