Registered number
13157555
Ahmed Brothers Property Partnership Limited
Filleted Accounts
31 December 2024
Ahmed Brothers Property Partnership Limited
Registered number: 13157555
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,852,782 22,468,481
Investments 4 321,220 319,390
23,174,002 22,787,871
Current assets
Debtors 5 822,185 675,937
Cash at bank and in hand 97,507 589,431
919,692 1,265,368
Creditors: amounts falling due within one year 6 (169,013) (197,306)
Net current assets 750,679 1,068,062
Total assets less current liabilities 23,924,681 23,855,933
Creditors: amounts falling due after more than one year 7 (12,464,268) (12,468,315)
Net assets 11,460,413 11,387,618
Capital and reserves
Called up share capital 200 200
Share premium 11,387,295 11,387,295
Profit and loss account 72,918 123
Shareholders' funds 11,460,413 11,387,618
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tanveer Ahmed
Director
Approved by the board on 10/12/2025
Ahmed Brothers Property Partnership Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 January 2024 22,418,172 64,309 22,482,481
Additions 396,801 - 396,801
At 31 December 2024 22,814,973 64,309 22,879,282
Depreciation
At 1 January 2024 - 14,000 14,000
Charge for the year - 12,500 12,500
At 31 December 2024 - 26,500 26,500
Net book value
At 31 December 2024 22,814,973 37,809 22,852,782
At 31 December 2023 22,418,172 50,309 22,468,481
4 Investments
Other
investments
£
Cost
At 1 January 2024 319,390
Additions 1,830
At 31 December 2024 321,220
5 Debtors 2024 2023
£ £
Trade debtors 500,250 324,002
Amounts owed by group undertakings and undertakings in which the company has a participating interest 321,935 351,935
822,185 675,937
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 50,000 50,000
Trade creditors 31,253 115,629
Taxation and social security costs 80,559 24,477
Other creditors 7,201 7,200
169,013 197,306
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,464,268 12,468,315
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 12,514,268 12,518,315
The Bank loans are secured by, first legal charge over the properties owned by the company.
9 Other information
Ahmed Brothers Property Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
Charter House
8 - 10 Station Road
Manor Park
London
E12 5BT
Ahmed Brothers Property Partnership Limited 13157555 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Tanveer Ahmed No description of principal activity 13157555 2022-11-26 2023-12-31 13157555 core:WithinOneYear 2023-12-31 13157555 core:AfterOneYear 2023-12-31 13157555 core:ShareCapital 2023-12-31 13157555 core:SharePremium 2023-12-31 13157555 core:RetainedEarningsAccumulatedLosses 2023-12-31 13157555 2024-01-01 2024-12-31 13157555 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13157555 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13157555 bus:Director40 2024-01-01 2024-12-31 13157555 1 2024-01-01 2024-12-31 13157555 2 2024-01-01 2024-12-31 13157555 core:LandBuildings 2024-01-01 2024-12-31 13157555 core:Vehicles 2024-01-01 2024-12-31 13157555 countries:England 2024-01-01 2024-12-31 13157555 bus:FRS102 2024-01-01 2024-12-31 13157555 bus:FilletedAccounts 2024-01-01 2024-12-31 13157555 2024-12-31 13157555 core:WithinOneYear 2024-12-31 13157555 core:AfterOneYear 2024-12-31 13157555 core:ShareCapital 2024-12-31 13157555 core:SharePremium 2024-12-31 13157555 core:RetainedEarningsAccumulatedLosses 2024-12-31 13157555 core:LandBuildings 2024-12-31 13157555 core:Vehicles 2024-12-31 13157555 core:AdditionsToInvestments 2024-12-31 13157555 2023-12-31 13157555 core:LandBuildings 2023-12-31 13157555 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure