First Choice Property Holdings Limited

First Choice Property Holdings Limited
Contents Page
For the year ended 31 March 2025

Company information	1
Directors' report	2
Accountants' report	3
Income statement	4
Statement of financial position	5
Statement of changes in equity	6
Notes to the financial statements	7

First Choice Property Holdings Limited
Company Information
For the year ended 31 March 2025

Directors	Mr Mohamed Y Joosab Mr Mohamed R Joosab Mr Yahya Joosab Ms Fahima Joosab
Registered Number	14495729
Registered Office	1 Commonside West Mitcham Surrey CR4 4HA
Accountants	M Ali & Co Suite: B25 SBC House Restmor Way Wallington SM6 7AH

1

First Choice Property Holdings Limited
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

Principal activity of the company during the financial year was that of development of building projects, letting and operating of own leasehold estates and related activities.

Directors

The directors who served the company throughout the year were as follows:

Mr Mohamed Y Joosab

Mr Mohamed R Joosab

Mr Yahya Joosab

Ms Fahima Joosab

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Mr Mohamed Y Joosab
Director

Date approved: 06 August 2025

2

First Choice Property Holdings Limited Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. M Ali & Co 31 March 2025 .................................................... M Ali & Co Suite: B25 SBC House Restmor Way Wallington SM6 7AH 06 August 2025 3

First Choice Property Holdings Limited
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
M Ali & Co
31 March 2025

....................................................

M Ali & Co
Suite: B25 SBC House
Restmor Way
Wallington
SM6 7AH
06 August 2025

3

First Choice Property Holdings Limited
Income Statement
For the year ended 31 March 2025

	2025 £	2024 £
Turnover	56,886	32,500
Gross profit	56,886	32,500
Administrative expenses	(19,621)	(18,863)
Operating profit	37,265	13,637
Profit/(Loss) on ordinary activities before taxation	37,265	13,637
Tax on profit on ordinary activities	(7,080)	(2,591)
Profit/(Loss) for the financial year	30,185	11,046

4

First Choice Property Holdings Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	659,641	450,000
		659,641	450,000
Current assets
Debtors	4	38,237	22,412
Cash at bank and in hand		400	400
		38,637	22,812
Creditors: amount falling due within one year	5	(8,772)	(3,491)
Net current assets		29,865	19,321

Total assets less current liabilities		689,506	469,321
Creditors: amount falling due after more than one year	6	(640,000)	(450,000)
Net assets		49,506	19,321

Capital and reserves
Called up share capital		400	400
Profit and loss account		49,106	18,921
Shareholders' funds		49,506	19,321

For the year ended 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 06 August 2025 and were signed on its behalf by:

-------------------------------
Mr Mohamed Y Joosab
Director

5

First Choice Property Holdings Limited
Statement of Changes in Equity
For the year ended 31 March 2025

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 April 2023	400	7,875	8,275
Profit for the year		11,046	11,046
Total comprehensive income for the year	-	11,046	11,046
Total investments by and distributions to owners	-	-	-
At 31 March 2024	400	18,921	19,321
At 01 April 2024	400	18,921	19,321
Profit for the year		30,185	30,185
Total comprehensive income for the year	-	30,185	30,185
Total investments by and distributions to owners	-	-	-
At 31 March 2025	400	49,106	49,506

6

First Choice Property Holdings Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

First Choice Property Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 14495729, registration address 1 Commonside West, Mitcham, Surrey, CR4 4HA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
The directors recommends that no dividend be declared for the period under review.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

0 Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 01 April 2024	450,000	450,000
Additions	209,641	209,641
Disposals	-	-
At 31 March 2025	659,641	659,641
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	659,641	659,641
Opening balance as at 01 April 2024	450,000	450,000

4.

Debtors: amounts falling due within one year

	2025 £	2024 £
Debtors	27,426	22,412
Shareholders	10,811	0
	38,237	22,412

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	1,000	900
Corporation Tax	7,080	2,591
VAT	692	0
	8,772	3,491

6.

Creditors: amount falling due after more than one year

	2025 £		2024 £
Shareholders Loan Account	640,000		450,000
	640,000		450,000

7.	Called Up Share Capital Allotted, Issued and Fully Paid. 400 Ordinary shares of £1 each

8.	Shareholder's Loan The shareholders loan is an interest free loan to assist the company to purchase the freehold properties at 81 Lordship Place, London SE22 8GP and 5 Queen Street, Market Rasen, Lincolnshire LN8 3EH.

7

Registered Number: 14495729
England and Wales
FIRST CHOICE PROPERTY HOLDINGS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025