TUBAS HOMES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Abdelrazeq

Mrs L Alkhushashi

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

09456555 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Tangible assets

4

51

68

Investments

5

1

1,050,000

Investment property

6

2,822,121

2,823,329

2,822,173

3,873,397

CURRENT ASSETS

Debtors

7

28,490

29,819

Cash at bank

149,913

57,530

178,403

87,349

CREDITORS

Amounts falling due within one year

8

3,356,152

3,415,478

NET CURRENT LIABILITIES

(3,177,749

)

(3,328,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(355,576

)

545,268

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

(355,578

)

545,266

SHAREHOLDERS' FUNDS

(355,576

)

545,268

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th December 2025 and were signed on its behalf by:

Mrs L Alkhushashi - Director

1.	STATUTORY INFORMATION

Tubas Homes Limited 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.	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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a high risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are:

- The useful economic life of tangible fixed assets

- The fair value of investment property.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors, creditors, directors loan (being repayable on demand) and inter company loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

900

2,807

3,707

DEPRECIATION

At 1st April 2024

832

2,807

3,639

Charge for year

17

-

17

At 31st March 2025

849

2,807

3,656

NET BOOK VALUE

At 31st March 2025

51

-

51

At 31st March 2024

68

-

68

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1st April 2024

1,050,000

Other movement

(1,049,999

)

At 31st March 2025

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

2,823,329

Disposals

(1,208

)

At 31st March 2025

2,822,121

NET BOOK VALUE

At 31st March 2025

2,822,121

At 31st March 2024

2,823,329

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,240

903

Other debtors

-

28,916

CT refund due

25,250

-

28,490

29,819

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loan - ASA Surgical Ltd

2,627,515

2,627,515

Loan - Alis Medlegal

253,000

253,000

Tax

-

53,554

Directors' current accounts

474,321

471,666

Accruals and deferred income

-

8,427

Accrued expenses

1,316

1,316

3,356,152

3,415,478

9.

RESERVES

Retained

earnings

£

At 1st April 2024

545,266

Deficit for the year

(900,844

)

At 31st March 2025

(355,578

)

10.	RELATED PARTY DISCLOSURES

Included in Creditors is the sum of £474,321 (2024 - £471,666) owed to the directors.

Included in Creditors is the sum of £2,627,515 (2024 - £2,627,515) owed to ASA Surgical Limited, a company in which the directors and shareholders are also directors and shareholders.

Included in Creditors is the sum of £253,000 (2024 - £253,000) owed to Alis Medlegal Limited, a company in which the directors and shareholders are also directors and shareholders.