These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

Kout 30 Property Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 5 Conduit Street, London, United Kingdom, W15 2XD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis. During the year, the Company disposed otrueff two investment properties, generating a profit on disposal, and now retains one remaining property in Rochester, which continues to provide stable rental income.

Management has prepared cash flow forecasts for at least 12 months from the date of approval of these financial statements. These forecasts rely on the continued occupancy of the Rochester property, the strength of the existing lease, and the ongoing support of the Company’s lenders and shareholders.

During the year, the QIB (UK) Plc loan was fully repaid, reducing the Company’s debt obligations. At year-end, the Company owed £2,405,800 (2023: £3,100,000) to Al-Ahliya Technological Industries, with interest accrued of £16,834 (2023: £344,087). Unsecured, interest-free shareholder loans from Nohoudh Foundation for Development Studies amounted to £731,999 (2023: £2,371,999). The shareholder has confirmed they will not require repayment of these amounts if doing so would prevent the Company from meeting its obligations for at least 12 months from the date of approval.

No breaches of banking covenants have occurred, and management expects continued lender support. If such support were withdrawn, the Company may need to seek alternative finance or consider disposal of its remaining property. No adjustments have been made for this potential outcome.

Turnover is recognised at the fair value of the consideration received or receivable for rental income and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The 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 net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

At 31 December 2023, the Group held three petrol service stations located in Rochester, Bristol, and Wigston. By 31 December 2024, only the Rochester site remained. The fair value of the Rochester property at year end was determined by the directors, based on an independent valuation carried out by Colliers Limited in December 2024. The valuation was prepared on a fair value basis, representing the market value of the property. At 31 December 2024, the Rochester petrol station was valued at £2,950,000.

Included within other creditors are unsecured loans of £731,999 (2023: £2,371,999) from the shareholder, Nohoudh Foundation for Development Studies. These loans are interest-free.

The QIB (UK) Plc (Qatar Islamic Bank) loan was fully repaid during the year, resulting in a loan balance of £0 at 31 December 2024 (2023: £2,886,500). Accordingly, no accrued interest was outstanding at year-end (2023: £6,524). Interest on this loan had previously accrued at the Bank of England base rate plus 3.3%.

As at 31 December 2024, the Company owed £2,405,800 (2023: £3,100,000) in respect of unsecured loans received from Al-Ahliya Technological Industries Co., which are included within creditors falling due after more than one year. Accrued interest on these loans amounted to £16,834 (2023: £344,087) and is included within other creditors. Interest is calculated at the Bank of England base rate + 3.3% on £1,769,000 and the Bank of England base rate + 10% on £636,800.

Included within Other Creditors is the loan from Al-Ahliya Technological Industries amounting to £2,405,800 (2023: £3,100,000). The QIB (UK) Plc (Qatar Islamic Bank) loan, which stood at £2,886,500 in 2023, was fully repaid during the year and is therefore no longer included within Other Creditors. Both loans originally carried maturity dates of 60 months from their respective effective dates, and the related interest terms are disclosed in Note 8.

On incorporation date, 1 ordinary share was issued at £1. The share carries full rights to dividends and distribution of capital.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Kout Capital Limited is a related party because the individual controlling Kout Capital Limited was a director of the Company during the period. Kout Capital Limited was appointed the Company’s asset manager in December 2021.

Nohoudh Foundation for Development Studies ("Nohoudh") is a significant and controlling shareholder of the Company as it owns 100% of the Share Capital of the Company. In 2022, Nohoudh entered into a shareholder loan with the Company to the value of £2,371,999. The amount due at the year end is £731,999. The amount is interest-free.

The Company has taken advantage of the exemption available in accordance with FRS 102 1AC.35 not to disclose transactions entered into between two or more members of a group as the company is a wholly owned subsidiary undertaking of the Group to which it is party to the transactions.

The controlling party is Nohoudh Foundation for Development Studies Limited, a company registered in the Cayman Islands, by virtue of their 100% shareholding.