REGISTERED NUMBER: 09011484 (England and Wales)

MUNIR BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Munir

M S Munir

REGISTERED OFFICE:

97 Wyeverne Road

Cardiff

Glamorgan

CF24 4BG

REGISTERED NUMBER:

09011484 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,887

-

Investment property

5

3,085,000

2,297,971

3,086,887

2,297,971

CURRENT ASSETS

Debtors

6

15,000

-

Cash at bank

49,914

16,841

64,914

16,841

CREDITORS

Amounts falling due within one year

7

774,151

719,577

NET CURRENT LIABILITIES

(709,237

)

(702,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,377,650

1,595,235

CREDITORS

Amounts falling due after more than one year

8

(1,206,007

)

(1,195,660

)

PROVISIONS FOR LIABILITIES

(197,199

)

-

NET ASSETS

974,444

399,575

CAPITAL AND RESERVES

Called up share capital

102

100

Non distributable reserves

9

483,647

-

Retained earnings

490,695

399,475

974,444

399,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 7 October 2025 and were signed on its behalf by:

M W Munir - Director

1.	STATUTORY INFORMATION

Munir Brothers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet, the likely future cashflows of the business and have considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Investment properties

The fair value of investment properties involved the use of professional valuation techniques, which are reviewed annually by management. Where factors that could impact the fair value are identified, appropriate adjustments are made through the income statement.

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.

Investment properties are held to generate rental income and capital appreciation. Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Investment properties are subsequently remeasured at fair value. An assessment of investment property fair value is performed annually. Any changes in fair value are recognised in the income statement.

Deferred tax is recognised on any fair value changes at the rate that would apply to the sale of the investment property, unless the property has a limited useful life and is held as part of a business model to consume all of the economic benefits associated with it.

Cash & cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,887

At 30 April 2025

1,887

NET BOOK VALUE

At 30 April 2025

1,887

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

2,297,971

Additions

106,183

Revaluations

680,846

At 30 April 2025

3,085,000

NET BOOK VALUE

At 30 April 2025

3,085,000

At 30 April 2024

2,297,971

The directors have revalued the investment properties at their fair value as at 30 April 2025, which is based on the rental yields of the investment properties.

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

680,846

Cost

2,404,154

3,085,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Intercompany debtor

10,000

-

Other debtors

5,000

-

15,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

45,909

82,118

Tax

53,977

24,200

Other creditors

115,801

112,593

Intercompany creditors

345,000

295,000

Directors' current accounts

206,924

205,666

Accrued expenses

6,540

-

774,151

719,577

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more than 1yr

1,206,007

1,195,660

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 1yr

1,206,007

1,195,660

9.

RESERVES

Non

distributable

reserves

£

Transfer

680,846

Deferred tax transfer

(197,199

)

At 30 April 2025

483,647

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2025 the company owed the directors £205,666 (2024: £205,666) which is included within the creditors amounts falling due within one year.

The balances are interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the year, the company charged rent of £23,500 (2024: £18,000) to 2 Let 2 Limited, a company with common directors and shareholders. At 30 April 2025 the company owed £345,000 (2024: £295,000) to 2 Let 2 Limited.

At 30 April 2025 the company was owed £10,000 (2024: £nil) from Cathays Developments Limited, a company with common directors and shareholders.

The above balances are interest free and repayable on demand.