REGISTERED NUMBER: 03678453 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHABAN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mubarak Ali Isabhai Akuji

SECRETARY:

Mubarak Ali Isabhai Akuji

REGISTERED OFFICE:

Unit 3b Katella Trading Estate

10a River Road

Barking

Essex

IG11 0DG

REGISTERED NUMBER:

03678453 (England and Wales)

ACCOUNTANTS:

Hadleys & Co.

Ground Floor

Import Building

2 Clove Crescent

London

E14 2BE

BANKERS:

The Royal Bank of Scotland

4th Floor

Argyll House

246 Regent Street

London

W1B 3PB

FIXED ASSETS

Tangible assets

4

474

632

Investment property

5

2,674,999

2,674,999

2,675,473

2,675,631

CURRENT ASSETS

Debtors

6

67,995

114,933

Cash at bank and in hand

383,381

370,152

451,376

485,085

CREDITORS

Amounts falling due within one year

7

(58,814

)

(136,254

)

NET CURRENT ASSETS

392,562

348,831

TOTAL ASSETS LESS CURRENT LIABILITIES

3,068,035

3,024,462

PROVISIONS FOR LIABILITIES

(388

)

(463

)

NET ASSETS

3,067,647

3,023,999

CAPITAL AND RESERVES

Called up share capital

2,953,834

2,953,834

Retained earnings

113,813

70,165

SHAREHOLDERS' FUNDS

3,067,647

3,023,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

Mubarak Ali Isabhai Akuji - Director

1.	STATUTORY INFORMATION

Shaban Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

9,208

10,928

4,239

24,375

DEPRECIATION

At 1 January 2024

8,892

10,699

4,152

23,743

Charge for year

79

57

22

158

At 31 December 2024

8,971

10,756

4,174

23,901

NET BOOK VALUE

At 31 December 2024

237

172

65

474

At 31 December 2023

316

229

87

632

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,674,999

NET BOOK VALUE

At 31 December 2024

2,674,999

At 31 December 2023

2,674,999

The properties were revalued by the directors at the value the directors consider is a market rate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

(1,499

)

11,400

Other debtors

69,494

103,533

67,995

114,933

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

232

4,524

Taxation and social security

21,414

100,963

Other creditors

37,168

30,767

58,814

136,254

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Shaban Properties Group Limited(reg no 14791648).

The ultimate controlling party is Mubarak Ali Isabhai Akuji.