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M&S KARIM PROPERTIES LTD

Registered Number
15293098
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2025

M&S KARIM PROPERTIES LTD
Company Information
for the period from 19 November 2023 to 31 March 2025

Directors

Dr. Michaella Gabrielle Beatrice Karim
Sejil Ahmad Karim

Registered Address

16 Chatsworth Parade
Petts Wood
Orpington
BR5 1DF

Registered Number

15293098 (England and Wales)
M&S KARIM PROPERTIES LTD
Balance Sheet as at
31 March 2025

Notes

2025

£

£

Fixed assets
Investment property3369,101
369,101
Current assets
Debtors41
Cash at bank and on hand7,815
7,816
Creditors amounts falling due within one year5(40,728)
Net current assets (liabilities)(32,912)
Total assets less current liabilities336,189
Creditors amounts falling due after one year6(410,000)
Net assets(73,811)
Capital and reserves
Called up share capital1
Profit and loss account(73,812)
Shareholders' funds(73,811)
The financial statements were approved and authorised for issue by the Board of Directors on 14 August 2025, and are signed on its behalf by:
Dr. Michaella Gabrielle Beatrice Karim
Director
Sejil Ahmad Karim
Director

Registered Company No. 15293098
M&S KARIM PROPERTIES LTD
Notes to the Financial Statements
for the period ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number is 15293098 and registered office address is 16 Chatsworth Parade, Petts Wood, Orpington, England, BR5 1DF.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company meets its day to day working capital requirements through the continued support of its directors.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from rendering of services
The company is engaged in the purchase, sale, and letting of real estate. All income is reported inclusive of VAT. Revenue from property sales is recognised when the significant risks and rewards of ownership are transferred to the buyer, typically on legal completion. Rental income from property letting is recognised on a straight-line basis over the term of the rental agreement.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

2025
Average number of employees during the year2
3.Investment property

£
Additions369,101
At 31 March 25369,101
4.Debtors: amounts due within one year

2025

£
Other debtors1
Total1
As at balance sheet date 31 March 2025, other debtors comprised the following: Directors loan account : £1
5.Creditors: amounts due within one year

2025

£
Trade creditors / trade payables35,320
Other creditors5,408
Total40,728
As on balance sheet date 31 March 2025,other creditors comprised the following : Accruals : £5,407.69
6.Creditors: amounts due after one year

2025

£
Bank borrowings and overdrafts410,000
Total410,000
7.Share capital
As at the year-end 31 March 2025, the company has ordinary shares of £1 each, which are held by its holding company, M&S Karim Ltd. The share carries equal voting rights, rights to dividends, and rights to a distribution of capital on winding up.
8.Related party transactions
The Company is a wholly-owned subsidiary of M&S Karim Limited, which holds 100% of its issued share capital. The registered address of M&S Karim Limited is 16 Chatsworth Parade, Petts Wood, Orpington, Kent,England, BR5 1DF. The Company also has a related party relationship with its associate, Karim Dental Limited. During the year, the Company entered into transactions with Karim Dental Limited in the ordinary course of business. These transactions were conducted on normal commercial terms. At 31 March 2025: The company owes an amount of £35,320.32 to Karim Dental Limited. All outstanding balances with related parties are unsecured, interest-free, and have no fixed date for repayment. No guarantees have been given or received in respect of these balances.
9.Controlling party
The company is a wholly owned subsidiary of M&S Karim Ltd, which is the immediate and ultimate controlling party.
10.Change in reporting period and impact on comparability
The reporting period under review is the first year since incorporation and covers the period from 19 November 2023 to 31 March 2025.