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Company No: 14467641 (England and Wales)

SHAFIQ-ALI R PRADHAN LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

SHAFIQ-ALI R PRADHAN LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

SHAFIQ-ALI R PRADHAN LTD

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
SHAFIQ-ALI R PRADHAN LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,199 0
Tangible assets 4 3,780 3,392
4,979 3,392
Current assets
Debtors 5 816 600
Cash at bank and in hand 3,736 2,283
4,552 2,883
Creditors: amounts falling due within one year 6 ( 7,170) ( 2,150)
Net current (liabilities)/assets (2,618) 733
Total assets less current liabilities 2,361 4,125
Net assets 2,361 4,125
Capital and reserves
Called-up share capital 1 1
Profit and loss account 2,360 4,124
Total shareholder's funds 2,361 4,125

For the financial year ending 30 November 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 Shafiq-Ali R Pradhan Ltd (registered number: 14467641) were approved and authorised for issue by the Director. They were signed on its behalf by:

Dr Shafiq-Ali Pradhan
Director

21 July 2025

SHAFIQ-ALI R PRADHAN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
SHAFIQ-ALI R PRADHAN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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 period, unless otherwise stated.

General information and basis of accounting

Shafiq-Ali R Pradhan Ltd (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 High Street Surgery & Medical Centre, 301 High Street, Epping, CM16 4DA, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company's previous financial statements were prepared from incorporation on 7 November 2022 to 30 November 2023. The financial statements are therefore not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

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

3. Intangible assets

Website costs Total
£ £
Cost
At 01 December 2023 0 0
Additions 1,320 1,320
At 30 November 2024 1,320 1,320
Accumulated amortisation
At 01 December 2023 0 0
Charge for the financial year 121 121
At 30 November 2024 121 121
Net book value
At 30 November 2024 1,199 1,199
At 30 November 2023 0 0

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2023 3,858 3,858
Additions 1,416 1,416
At 30 November 2024 5,274 5,274
Accumulated depreciation
At 01 December 2023 466 466
Charge for the financial year 1,028 1,028
At 30 November 2024 1,494 1,494
Net book value
At 30 November 2024 3,780 3,780
At 30 November 2023 3,392 3,392

5. Debtors

2024 2023
£ £
Trade debtors 305 600
Prepayments 511 0
816 600

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 145 0
Amounts owed to director 1,484 13
Accruals 1,512 1,585
Corporation tax 0 172
Other creditors 4,029 380
7,170 2,150