REGISTERED NUMBER: SC591341 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

QURESHI UK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Qureshi

Dr U Qureshi

SECRETARY:

Mrs S M Qureshi

REGISTERED OFFICE:

31 Thorn Road

Bearsden

Glasgow

United Kingdom

G61 4BS

REGISTERED NUMBER:

SC591341 (Scotland)

ACCOUNTANTS:

JF Accounting

Clyde Offices, 2nd Floor,

48 West George Street

Glasgow

G2 1BP

FIXED ASSETS

Tangible assets

4

660,044

872,661

CURRENT ASSETS

Debtors

5

257,520

187,820

Cash at bank

22,659

9,930

280,179

197,750

CREDITORS

Amounts falling due within one year

6

379,827

363,820

NET CURRENT LIABILITIES

(99,648

)

(166,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

560,396

706,591

CREDITORS

Amounts falling due after more than one year

7

569,031

707,432

NET LIABILITIES

(8,635

)

(841

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

(8,655

)

(861

)

(8,635

)

(841

)

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 29 September 2025 and were signed on its behalf by:

Dr U Qureshi - Director

1.	STATUTORY INFORMATION

Qureshi UK Properties 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 as modified by the revaluation of certain assets.

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.

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 investment in ordinary shares.

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

Borrowing costs

All borrowing costs are recognised in the profit and loss in the period in which they are incurred.

Investment property

Investment property is created at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

If no valuation was carried out by external valuers then the directors carry out the valuation at open market value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 31 December 2023

872,661

Disposals

(212,617

)

At 30 December 2024

660,044

NET BOOK VALUE

At 30 December 2024

660,044

At 30 December 2023

872,661

Cost or valuation at 30 December 2024 is represented by:

Land and

buildings

£

Valuation in 2024

660,044

The 2024 valuations were made by the directors, on an open market value for existing use basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

257,520

187,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

36,581

21,376

Amounts owed to participating interests

1,400

1,400

Amounts owed to associates

308,778

308,778

Other creditors

33,068

32,266

379,827

363,820

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

569,031

707,432

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

323,014

622,277

8.	RELATED PARTY DISCLOSURES

During the period the Company operated loan accounts with Companies under common control. The amount due from companies under common control at the period end was £257,520 ( 2023 - £187,820) and this is shown in debtors. These loans are unsecured, interest free and repayable on demand.

The amount due to companies under common control at the period end was £308,778 ( 2023 -

£308,778) and this is shown in creditors. These loans are unsecured, interest free and repayable on demand.

The amount due under common interest at the period end was £1400 (2023 - £1,400). There loans are unsecured, interest free and repayable on demand.

The Company also operated a loan account with the directors of the Company. The amount due to the directors of the Company at the period end was £5,149 (2023 - £5,149). This loan is unsecured, interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party during the period is Dr U Qureshi and Mrs S Qureshi by virtue of their 100% shareholding.