A'ila Modaraba Limited 10080669 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of investment property and property development. Digita Accounts Production Advanced 6.30.9574.0 true 10080669 2024-04-01 2025-03-31 10080669 2025-03-31 10080669 core:CurrentFinancialInstruments 2025-03-31 10080669 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 10080669 core:Non-currentFinancialInstruments 2025-03-31 10080669 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 10080669 core:FurnitureFittingsToolsEquipment 2025-03-31 10080669 bus:SmallEntities 2024-04-01 2025-03-31 10080669 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10080669 bus:FilletedAccounts 2024-04-01 2025-03-31 10080669 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10080669 bus:RegisteredOffice 2024-04-01 2025-03-31 10080669 bus:Director1 2024-04-01 2025-03-31 10080669 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10080669 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 10080669 countries:England 2024-04-01 2025-03-31 10080669 2024-03-31 10080669 core:FurnitureFittingsToolsEquipment 2024-03-31 10080669 2023-04-01 2024-03-31 10080669 2024-03-31 10080669 core:CurrentFinancialInstruments 2024-03-31 10080669 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10080669 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 10080669 core:Non-currentFinancialInstruments 2024-03-31 10080669 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10080669 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2024-03-31 10080669 core:FurnitureFittingsToolsEquipment 2024-03-31 10080669 core:PreviouslyStatedAmount 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 10080669

A'ila Modaraba Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

A'ila Modaraba Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

A'ila Modaraba Limited

(Registration number: 10080669)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 122,341 | 3,850
Investment property | 5 | 2,536,720 | 2,536,720
|  | 2,659,061 | 2,540,570
Current assets |  |  |
Debtors | 6 | 272,550 | 274,767
Cash at bank and in hand |  | 16,424 | 144,495
|  | 288,974 | 419,262
Creditors: Amounts falling due within one year | 7 | (2,531,645) | (2,615,167)
Net current liabilities |  | (2,242,671) | (2,195,905)
Total assets less current liabilities |  | 416,390 | 344,665
Creditors: Amounts falling due after more than one year | 7 | (6,355) | (11,658)
Net assets |  | 410,035 | 333,007
Capital and reserves |  |  |
Called up share capital |  | 60 | 60
Retained earnings |  | 409,975 | 332,947
Shareholders' funds |  | 410,035 | 333,007

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:

......................................... Shehbaz Sarwar Director

A'ila Modaraba Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
124 City Road
London City Road
London
England
EC1V 2NX

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and equipment | 10% straight line

A'ila Modaraba Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

The directors are of the opinion that the investment properties value in the accounts at 31 March 2022 represents the true market value at that date. There has been no valuation of investment property by an independent valuer.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

A'ila Modaraba Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 5,500 | 5,500
Additions | 132,268 | 132,268
At 31 March 2025 | 137,768 | 137,768
Depreciation
At 1 April 2024 | 1,650 | 1,650
Charge for the year | 13,777 | 13,777
At 31 March 2025 | 15,427 | 15,427
Carrying amount
At 31 March 2025 | 122,341 | 122,341
At 31 March 2024 | 3,850 | 3,850

5 | Investment properties

| 2025 £
At 1 April | 2,536,720
At 31 March | 2,536,720

The directors are of the opinion that the investment properties value in the accounts at 31 March 2025 represents the true market value at that date.

There has been no valuation of investment property by an independent valuer.

A'ila Modaraba Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 3,367
Inter company loan debtor | 77,000 | 76,000
Other debtors | 195,550 | 195,400
| 272,550 | 274,767

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 1,589 | 2,915
Directors loan | 9 | 2,502,546 | 2,585,846
Taxation and social security |  | 5,346 | 8,032
Other creditors |  | 22,164 | 18,374
|  | 2,531,645 | 2,615,167
Due after one year |  |  |
Loans and borrowings | 8 | 6,355 | 11,658

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 6,355 | 11,658

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,355 | 11,658

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,589 | 2,915

A'ila Modaraba Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Related party transactions

As at 31 March 2025 the company was due a loan to the directors of £2,502,546 (2024 - £2,585,846). This amount is interest free and repayable on demand.