Mrashraf Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 10279383

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		203,030		100,172

			203,030		100,172
CURRENT ASSETS
Debtors	5	105,670		650
Cash at bank and in hand		1,284		109,988

		106,954		110,638
Creditors: Amounts Falling Due Within One Year	6	(7,237 )		(1,815 )

NET CURRENT ASSETS (LIABILITIES)			99,717		108,823

TOTAL ASSETS LESS CURRENT LIABILITIES			302,747		208,995

Creditors: Amounts Falling Due After More Than One Year	7		(188,086 )		(185,056 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(25,000 )		-

NET ASSETS			89,661		23,939

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			89,660		23,938

SHAREHOLDERS' FUNDS			89,661		23,939

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Mrashraf Ltd

Statement of Financial Position (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Jemshaid Ashraf

Director

6 November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Mrashraf Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10279383 . The registered office is 369 Kingsway, Manchester, M19 1NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Fixtures & Fittings	20% SLB

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the income statement.

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Mrashraf Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 August 2024	100,000	3,930	103,930
Revaluation	100,000	-	100,000
Other	3,030	-	3,030

As at 31 July 2025	203,030	3,930	206,960

...CONTINUED

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Mrashraf Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Depreciation
As at 1 August 2024	-	3,758	3,758
Provided during the period	-	172	172

As at 31 July 2025	-	3,930	3,930

Net Book Value
As at 31 July 2025	203,030	-	203,030

As at 1 August 2024	100,000	172	100,172

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	650	650
Due after more than one year
Amounts owed by participating interests	105,020	-

	105,670	650

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to participating interests	2,850	-
Other creditors	4,072	1,500
Taxation and social security	315	315

	7,237	1,815

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	103,000	99,970
Other creditors	85,086	85,086

	188,086	185,056

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Mrashraf Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Deferred Taxation

The provision for deferred tax is made up as follows:

The company’s freehold property has been measured at fair value in accordance with FRS 102 Section 17. During the year, the fair value of the property was assessed at £200,000 (previous carrying amount: £100,000), resulting in an increase of £100,000. This increase has been recognised in the financial statements in accordance with the fair value model under FRS 102.

The fair value was determined by reference to recent market evidence for similar properties in the same locality and condition. The directors consider this to represent a reliable estimate of fair value as at the balance sheet date.

Description Cost / Valuation (£) Accumulated Depreciation (£) Net Book Value (£)

At 1 April 2025 100,000 – 100,000

Revaluation gain 100,000 – 100,000

At 31 March 2026 200,000 – 200,000

No depreciation is charged on the fair value adjustment. The property will be reviewed annually for impairment or further fair value changes.

	2025	2024
	£	£
Other timing differences	25,000	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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