REGISTERED NUMBER: 03126463 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MARHABA NEWSAGENTS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I A Patel

REGISTERED OFFICE:

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

REGISTERED NUMBER:

03126463 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

Alliance and Leicester Commercial Bank

Brindle Road

Bootle

Liverpool

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

5

34,230

40,297

Investments

6

600,000

600,000

634,230

640,297

CURRENT ASSETS

Stocks

279,658

138,127

Debtors

7

144,316

118,924

Cash at bank and in hand

187,829

265,433

611,803

522,484

CREDITORS

Amounts falling due within one year

8

55,223

95,288

NET CURRENT ASSETS

556,580

427,196

TOTAL ASSETS LESS CURRENT LIABILITIES

1,190,810

1,067,493

PROVISIONS FOR LIABILITIES

8,321

10,006

NET ASSETS

1,182,489

1,057,487

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

1,179,489

1,054,487

SHAREHOLDERS' FUNDS

1,182,489

1,057,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 November 2025 and were signed by:

I A Patel - Director

1.	STATUTORY INFORMATION

Marhaba Newsagents Ltd. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OPERATING LEASE RENTALS

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

97,463

22,335

119,798

DEPRECIATION

At 1 April 2024

57,389

22,112

79,501

Charge for year

6,011

56

6,067

At 31 March 2025

63,400

22,168

85,568

NET BOOK VALUE

At 31 March 2025

34,063

167

34,230

At 31 March 2024

40,074

223

40,297

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

600,000

NET BOOK VALUE

At 31 March 2025

600,000

At 31 March 2024

600,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,316

18,924

Loan - Maze Properties Limited

80,000

100,000

144,316

118,924

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,673

Tax

37,409

59,818

Social security and other taxes

975

555

VAT

13,221

27,441

Directors current account

449

449

Accruals and deferred income

3,169

3,352

55,223

95,288

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £80,000 (2024 : £100,000) by Maze Properties Limited, a company in which director I A Patel is materially interested as a director,

During the year to 31 March 2023 the company invested £500,000 in Money Advisor Ltd, a company in which the director's brother, Z Patel, is materially interested as a director and shareholder. The investment was made under a Shariah Compliant Investment Agreement and is subject to a 4% return starting from 1 April 2023 payable after two years.

A further £100,000 was invested during the year to 31 March 2024 under an additional Shariah Compliant Investment Agreement that is subject to 4% return starting from 1 April 2024 payble after two years.