IMAAN & CO ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

M Ahmead

K Ahmed

Y Khan

N Khan

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Ind Est

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

10644726 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Investment property

4

9,367,234

9,592,234

CURRENT ASSETS

Debtors

5

69,590

11,800

Cash at bank

110,877

21,256

180,467

33,056

CREDITORS

Amounts falling due within one year

6

146,510

235,718

NET CURRENT ASSETS/(LIABILITIES)

33,957

(202,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,401,191

9,389,572

CREDITORS

Amounts falling due after more than one year

7

(4,307,150

)

(4,371,814

)

PROVISIONS FOR LIABILITIES

(157,456

)

(157,456

)

NET ASSETS

4,936,585

4,860,302

CAPITAL AND RESERVES

Called up share capital

36

36

Share premium

4,386,842

4,386,842

Non distributable retained earnings

452,161

472,273

Retained earnings

97,546

1,151

4,936,585

4,860,302

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

N Khan - Director

1.	STATUTORY INFORMATION

Imaan & Co Estates 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No formal valuation has taken place during the year by a professional independent valuer.

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 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

9,592,234

Disposals

(225,000

)

At 31st March 2025

9,367,234

NET BOOK VALUE

At 31st March 2025

9,367,234

At 31st March 2024

9,592,234

Fair value at 31st March 2025 is represented by:

£

Valuation in 2019

232,528

Valuation in 2020

28,645

Valuation in 2022

101,329

Valuation in 2023

237,227

Cost

8,767,505

9,367,234

No formal valuation was performed on the investment properties at 31 March 2025. The director's have considered their value using an appropriate valuation model.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

49,858

-

Other debtors

12,000

-

VAT

2,844

2,450

Prepayments and accrued income

4,888

9,350

69,590

11,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,371

46,054

Other loans

31,382

37,136

Trade creditors

12,844

50

Amounts owed to participating interests

-

127,875

Corporation tax

41,148

2,098

Social security and other taxes

5,339

-

Other creditors

21,509

21,255

Accruals and deferred income

10,917

1,250

146,510

235,718

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,264,767

2,578,171

Directors' loan accounts

2,042,383

1,793,643

4,307,150

4,371,814

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,288,138

2,624,225

Svenska Handelsbanken AB registered fixed charges over properties held by the Company on 7 February 2018, 9 February 2018, 3 April 2018 and 6 November 2018.

Handelsbanken PLC registered a fixed charge over a property held by the Company on 27 March 2019.

Kensington Mortgage Company Limited registered fixed charges over properties held by the Company on 12 April 2021, 7 December 2022 and 14 December 2022.

OneSavings Bank PLC registered fixed charges over properties held by the Company on 15 August 2023 and 7 September 2023.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imaan & Co Estates Ltd for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Imaan & Co Estates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Imaan & Co Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Imaan & Co Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imaan & Co Estates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Imaan & Co Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Imaan & Co Estates Ltd. You consider that Imaan & Co Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Imaan & Co Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

10th December 2025