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Company Registration No. 09142453 (England and Wales)
FAAB GLOBAL INVESTMENTS LTD Unaudited accounts for the year ended 30 November 2024
FAAB GLOBAL INVESTMENTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FAAB GLOBAL INVESTMENTS LTD Company Information for the year ended 30 November 2024
Directors
Syed Kashif Abbas Syed Abbas Haider Naqvi
Company Number
09142453 (England and Wales)
Registered Office
9 Rosedene Avenue Streatham London SW16 2LS England
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FAAB GLOBAL INVESTMENTS LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
3,246,147
3,246,147
Current assets
Debtors
5
225,465
199,146
Cash at bank and in hand
2,690
16,770
228,155
215,916
Creditors: amounts falling due within one year
6
(928,600)
(928,600)
Net current liabilities
(700,445)
(712,684)
Total assets less current liabilities
2,545,702
2,533,463
Creditors: amounts falling due after more than one year
7
(1,760,223)
(1,767,109)
Provisions for liabilities
Deferred tax
(153,038)
(153,038)
Net assets
632,441
613,316
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
632,341
613,216
Shareholders' funds
632,441
613,316
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Syed Abbas Haider Naqvi Director Company Registration No. 09142453
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FAAB GLOBAL INVESTMENTS LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
FAAB GLOBAL INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 09142453. The registered office is 9 Rosedene Avenue, Streatham, London, SW16 2LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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FAAB GLOBAL INVESTMENTS LTD Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 December 2023
3,246,147
At 30 November 2024
3,246,147
Depreciation
At 30 November 2024
-
Net book value
At 30 November 2024
3,246,147
At 30 November 2023
3,246,147
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
9,488
9,488
Other debtors
215,977
189,658
225,465
199,146
6
Creditors: amounts falling due within one year
2024
2023
£
£
Loans from directors
925,000
925,000
Accruals
3,600
3,600
928,600
928,600
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
1,496,223
1,503,109
Other creditors
264,000
264,000
1,760,223
1,767,109
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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FAAB GLOBAL INVESTMENTS LTD Notes to the Accounts for the year ended 30 November 2024
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Syed Kashif Abbas
Loans from Directors
535,000
-
-
535,000
Syed Abbas Haider Naqvi
Loans From Directors
390,000
-
-
390,000
925,000
-
-
925,000
The Above advances and credits to directors subsisted during the period ended 30 November 2017 and the year ended 30 November 2016.
10
Transactions with related parties
The company owns 100% of the shares in FAAB FREEHOLDS LIMITED, registered in England and Wales.
11
Controlling party
The ultimate controlling party was Mr Abbas Naqvi and Mr Syed Kashif Abbas, directors and shareholders of the company.
12
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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