REGISTERED NUMBER: SC512520 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QURESHI GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr U Qureshi

Mrs S M Qureshi

SECRETARY:

Mrs S M Qureshi

REGISTERED OFFICE:

31 Thorn Road

Bearsden

Glasgow

G61 4BS

REGISTERED NUMBER:

SC512520 (Scotland)

ACCOUNTANTS:

JF Accounting

Clyde Offices, 2nd Floor,

48 West George Street

Glasgow

G2 1BP

FIXED ASSETS

Tangible assets

4

683

910

Investments

5

150

150

Investment property

6

1,000,000

1,000,000

1,000,833

1,001,060

CURRENT ASSETS

Debtors

7

2,732,188

2,046,406

Cash at bank

102

829

2,732,290

2,047,235

CREDITORS

Amounts falling due within one year

8

1,697,426

1,084,461

NET CURRENT ASSETS

1,034,864

962,774

TOTAL ASSETS LESS CURRENT LIABILITIES

2,035,697

1,963,834

CREDITORS

Amounts falling due after more than one year

9

52,311

79,376

NET ASSETS

1,983,386

1,884,458

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

1,983,356

1,884,428

1,983,386

1,884,458

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Dr U Qureshi - Director

1.	STATUTORY INFORMATION

Qureshi Group Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

993

DEPRECIATION

At 1 January 2024

83

Charge for year

227

At 31 December 2024

310

NET BOOK VALUE

At 31 December 2024

683

At 31 December 2023

910

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

150

NET BOOK VALUE

At 31 December 2024

150

At 31 December 2023

150

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,000,000

NET BOOK VALUE

At 31 December 2024

1,000,000

At 31 December 2023

1,000,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

13,065

Amounts owed by group undertakings

2,643,530

1,999,470

Amounts owed by associates

8,928

6,272

Other debtors

79,730

27,599

2,732,188

2,046,406

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

29,795

34,592

Trade creditors

-

4,800

Amounts owed to group undertakings

1,438,598

822,783

Amounts owed to associates

192,520

122,820

Taxation and social security

19,389

93,838

Other creditors

17,124

5,628

1,697,426

1,084,461

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

52,311

79,376

10.	RELATED PARTY DISCLOSURES

During the period the company has operated loan accounts with group companies. The amount due from the group companies at the period end was £1,204,932 (2023 - £1,176,687). these loans are unsecured, interest free and repayable on demand.

During the period the company operated a loan account with Qureshi UK Properties Limited, a Company under common control. The amount due to the Company at the period end was £192,520 (2023- £122,820 from the company). This loan is unsecured, interest free and repayable on demand.

During the period the company operated a loan account with Qcenta LLP, a company under common control. The amount due from the Company at the period end was £8,928 (2023 - £6,272). This loan is unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is Mr U Qureshi and Mrs S Qureshi by virtue of their 100% shareholding.