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Registered number: 03944199
Shaheen Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 03944199
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,972 2,164
Investment Properties 5 10,936,272 12,292,241
10,942,244 12,294,405
CURRENT ASSETS
Debtors 852,989 726,180
Cash at bank and in hand 1,924,788 979,378
2,777,777 1,705,558
Creditors: Amounts Falling Due Within One Year (2,337,544 ) (1,888,449 )
NET CURRENT ASSETS (LIABILITIES) 440,233 (182,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,382,477 12,111,514
Creditors: Amounts Falling Due After More Than One Year (2,846,549 ) (4,816,498 )
NET ASSETS 8,535,928 7,295,016
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 755,782 755,782
Profit and Loss Account 7,780,046 6,539,134
SHAREHOLDERS' FUNDS 8,535,928 7,295,016
Page 1
Page 2
For the year ending 31 March 2025 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.
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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mahfooz Ahmed
Director
12 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Shaheen Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03944199 . The registered office is 20A Aldin Avenue North, Slough, Berkshire, SL1 1RS.
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, exclusive of discounts and value added tax. Turnover includes rental income generated from investment properties.
Rendering of services
Commission income arising from property management services is recognised based on the stage of completion at the reporting date. The stage of completion is determined by reference to the proportion of costs incurred to date compared with the estimated total costs of the contract. Where the outcome of a contract cannot be measured reliably, revenue is recognised only to the extent that recoverable costs have been incurred.
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:
Fixtures & Fittings 25% on written down value
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 profit and loss account.
No depreciation is charged on investment properties measured at fair value.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 15,724
Additions 5,798
As at 31 March 2025 21,522
Depreciation
As at 1 April 2024 13,560
Provided during the period 1,990
As at 31 March 2025 15,550
Net Book Value
As at 31 March 2025 5,972
As at 1 April 2024 2,164
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 12,292,241
Additions 2,908,799
Disposals (4,264,768 )
As at 31 March 2025 10,936,272
6. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 888,467 2,858,416
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4