Registered number
15317991
SAFIQA INVESTMENTS LIMITED
Unaudited Filleted Accounts
30 November 2024
SAFIQA INVESTMENTS LIMITED
Registered number: 15317991
Balance Sheet
as at 30 November 2024
Notes 2024
£
Fixed assets
Intangible assets 3 12,000
Investments 4 750,000
762,000
Current assets
Cash at bank and in hand 40,801
Creditors: amounts falling due within one year 5 (28,231)
Net current assets 12,570
Net assets 774,570
Capital and reserves
Called up share capital 1
Share premium 750,000
Profit and loss account 24,569
Shareholders' funds 774,570
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Safiqa Bhad
Director
Approved by the board on 26 August 2025
SAFIQA INVESTMENTS LIMITED
Notes to the Accounts
for the period from 29 November 2023 to 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,000
At 30 November 2024 12,000
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Investments
Other
investments
£
Cost
Additions 750,000
At 30 November 2024 750,000
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 5,763
Other creditors 22,468
28,231
6 Other information
SAFIQA INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
106 Chadwin Road
London
England
E13 8NF
SAFIQA INVESTMENTS LIMITED 15317991 false 2023-11-29 2024-11-30 2024-11-30 VT Final Accounts April 2025 Safiqa Bhad No description of principal activity 15317991 2023-11-29 2024-11-30 15317991 bus:PrivateLimitedCompanyLtd 2023-11-29 2024-11-30 15317991 bus:AuditExemptWithAccountantsReport 2023-11-29 2024-11-30 15317991 bus:Director40 2023-11-29 2024-11-30 15317991 1 2023-11-29 2024-11-30 15317991 2 2023-11-29 2024-11-30 15317991 core:Goodwill 2023-11-29 2024-11-30 15317991 countries:England 2023-11-29 2024-11-30 15317991 bus:FRS102 2023-11-29 2024-11-30 15317991 bus:FilletedAccounts 2023-11-29 2024-11-30 15317991 2024-11-30 15317991 core:WithinOneYear 2024-11-30 15317991 core:ShareCapital 2024-11-30 15317991 core:SharePremium 2024-11-30 15317991 core:RetainedEarningsAccumulatedLosses 2024-11-30 15317991 core:Goodwill 2024-11-30 15317991 2023-11-28 iso4217:GBP xbrli:pure