Company Registration No. 10975873 (England and Wales)
Aqah Properties Limited
Unaudited accounts
for the year ended 30 September 2024
Aqah Properties Limited
Unaudited accounts
Contents
Aqah Properties Limited
Company Information
for the year ended 30 September 2024
Directors
Aasim Mohammed Shabir
Mohammed Shabir
Company Number
10975873 (England and Wales)
Registered Office
614-616 Stratford Road
Sparkhill
Birmingham
West Midlands
B11 4AP
England
Accountants
Integritax Accountants Ltd
68 Yardley Road
Acocks Green
Birmingham
B27 6LG
Aqah Properties Limited
Statement of financial position
as at 30 September 2024
Tangible assets
4,762
5,764
Investment property
1,100,000
1,100,000
Cash at bank and in hand
12,260
18,313
Creditors: amounts falling due within one year
(49,663)
(262,642)
Net current assets/(liabilities)
508,602
(244,329)
Total assets less current liabilities
1,613,364
861,435
Creditors: amounts falling due after more than one year
(702,486)
(8,184)
Provisions for liabilities
Deferred tax
(108,355)
(108,355)
Net assets
802,523
744,896
Called up share capital
6
6
Profit and loss account
802,517
744,890
Shareholders' funds
802,523
744,896
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by
Aasim Mohammed Shabir
Director
Company Registration No. 10975873
Aqah Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
Aqah Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10975873. The registered office is 614-616 Stratford Road, Sparkhill, Birmingham, West Midlands, B11 4AP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Aqah Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
8,490
At 30 September 2024
3,728
At 30 September 2024
4,762
At 30 September 2023
5,764
Fair value at 1 October 2023
1,100,000
At 30 September 2024
1,100,000
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,222
5,350
Taxes and social security
38,491
38,354
Loans from directors
-
212,988
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).