Majeed Holdings Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: SC711664

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		100		100

			100		100
CURRENT ASSETS
Cash at bank and in hand		100		100

		100		100
Creditors: Amounts Falling Due Within One Year	5	(300 )		(300 )

NET CURRENT ASSETS (LIABILITIES)			(200 )		(200 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(100 )		(100 )

NET LIABILITIES			(100 )		(100 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Income Statement			(200 )		(200 )

SHAREHOLDERS' FUNDS			(100)		(100)

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 Income Statement.

On behalf of the board

Mr Sajid Majeed

Director

24/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Majeed Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC711664 . The registered office is 490 Victoria Road, Glasgow, G42 8YJ.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis, despite the fact that liabilities exceed assets.

The directors have given an undertaking to support the company until it returns to a net assets position. The directors therefore consider that it is appropriate to prepare the accounts on the going concern basis.

2.3. 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.

2.4. Group accounts

A company is exempt from the requirement to prepare group accounts as it qualifies as a small group and is subject to the small companies regime.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Majeed Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	300

As at 31 March 2025	300

Provision
As at 1 April 2024	200

As at 31 March 2025	200

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

Investments comprise 100 equity shares in the following companies;

Inex Homecare (Scotland) Limited

ASCE Limited

The company owns 100% of the equity shares of the above three companies.

All of the above companies are not publicly traded. The companies are incorporated in Scotland

The registered addresses are as follows;

Inex Homecare (Scotland) Limited

490 Victoria Road, Crosshill, Glasgow, G42 8YJ, Scotland

ASCE Limited

490 Victoria Road, Glasgow, Lanarkshire, G42 8YJ, Scotland

The capital and reserves and the profit/ loss after tax of the subsidiary companies at are as follows;

Inex Homecare (Scotland) Limited - At 31 March 2025

Shareholder funds: £72,708 (2024: £55,826)

Profit/ loss after tax: £16,882 (2024: £26,618)

ASCE Limited - At 31 March 2022

Shareholder funds (liabilities): (£7,174)

Loss after tax: £3,011

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Directors' loan accounts	300	300

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Majeed Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Post Balance Sheet Events

An application was made to wind ASCE Limited (a subsidiary company) up and strike the company off the register on 27 February 2023. The investment in the subsidiary is impaired and this has been reported in note 3 of the financial statements. The impairment loss has been recognised in the income statement.

8. Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of their ownership of 70% of the issued share capital in the company.

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