REGISTERED NUMBER: SC512523 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

QURESHI LAND HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr U Qureshi

Mrs S M Qureshi

REGISTERED OFFICE:

31 Thorn Road

Bearsden

Glasgow

G61 4BS

REGISTERED NUMBER:

SC512523 (Scotland)

ACCOUNTANTS:

JF Accounting

Clyde Offices, 2nd Floor,

48 West George Street

Glasgow

G2 1BP

FIXED ASSETS

Investment property

4

273,682

273,682

CURRENT ASSETS

Debtors

5

30,936

33,541

Cash at bank

195

207

31,131

33,748

CREDITORS

Amounts falling due within one year

6

340,580

341,678

NET CURRENT LIABILITIES

(309,449

)

(307,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,767

)

(34,248

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(35,867

)

(34,348

)

(35,767

)

(34,248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 22 September 2025 and were signed on its behalf by:

Dr U Qureshi - Director

1.	STATUTORY INFORMATION

Qureshi Land Holdings 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.

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 instrument transactions 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 Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Going concern

The directors have considered the going concern basis in preparing these financial statements. The directors, have a reasonable expectation that the company will continue to exist through the support of the directors. They have concluded that the going concern basis is appropriate. The Directors have considered the impact of Covid-19 pandemic and do not believe it will adversely impact the going concern basis.

The company has claimed the Covid bounce back loans in more than one group company. As a result this has been shown as fully due in one year.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 December 2023

and 30 December 2024

273,682

NET BOOK VALUE

At 30 December 2024

273,682

At 30 December 2023

273,682

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

30,894

33,499

Amounts owed by associates

42

42

30,936

33,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

39,168

40,700

Amounts owed to group undertakings

299,165

299,165

Amounts owed to associates

1,063

1,063

Taxation and social security

200

200

Other creditors

984

550

340,580

341,678

7.	RELATED PARTY DISCLOSURES

During the period to 30 December 2024 the company operated loan accounts with group companies. The amount due from group companies at the period end was £30,936 (2023 - £33,499) and the amount owing to group companies was £299,165 ( 2023 - £299,165). These loans are unsecured, interest free and repayable on demand.

During the period to 30 December 2024 the company operated a loan account with a company under common control. The amount owed by the company under common was £1,063 ( 2023 - £1,063). This loan is unsecured, interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Parent Undertaking is Qureshi Group Limited by virtue of its 100% controlling interest in the Company.

The Ultimate Controlling Parties are Usman Qureshi and Shafea Qureshi by virtue of their 100% shareholding in Qureshi Group Limited.