Naq Developments Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 10522944

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		20		10

		20		10
Creditors: Amounts Falling Due Within One Year	4	(9,943 )		(8,458 )

NET CURRENT ASSETS (LIABILITIES)			(9,923 )		(8,448 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,923 )		(8,448 )

Creditors: Amounts Falling Due After More Than One Year	5		(177,234 )		(177,234 )

NET LIABILITIES			(187,157 )		(185,682 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(187,257 )		(185,782 )

SHAREHOLDERS' FUNDS			(187,157)		(185,682)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Asad Naqvi

Director

03/09/2025

The notes on page 2 form part of these financial statements.

1. General Information

Naq Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10522944 . The registered office is 78 Old Woking Road, West Byfleet, Surrey, England, KT14 6HU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

2.2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions 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 Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to participating interests	4,877	423
Other creditors	5,066	8,035

	9,943	8,458

5. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	177,234	177,234

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

The company was controlled throughout the current period by Mr. Asad Naqvi by virtue of their ownership of the entire issued share capital.

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