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REGISTERED NUMBER: 06831674 (England and Wales)

Unaudited Financial Statements for the Year Ended 26th February 2025

for

Hammad Malik Ltd

Hammad Malik Ltd (Registered number: 06831674)

Contents of the Financial Statements

for the Year Ended 26th February 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Hammad Malik Ltd (Registered number: 06831674)

Balance Sheet

26th February 2025

| 26.2.25 | 26.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 46,883 |  | 58,603 |  |

Tangible assets | 5 | 168,785 |  | 17,890 |  |

Investment property | 6 | 215,000 |  | 215,000 |  |

430,668 |  | 291,493 |  |

CURRENT ASSETS

Debtors | 7 | 192,366 |  | 463,275 |  |

Cash at bank | 47,582 |  | 130,520 |  |

239,948 |  | 593,795 |  |

CREDITORS

Amounts falling due within one year | 8 | 25,329 |  | 78,808 |  |

NET CURRENT ASSETS | 214,619 |  | 514,987 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 645,287 |  | 806,480 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (131,372 | ) | (13,333 | ) |

PROVISIONS FOR LIABILITIES | (34,423 | ) | (4,449 | ) |

NET ASSETS | 479,492 |  | 788,698 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 140 |  | 140 |  |

Fair value reserve | 10,844 |  | 10,844 |  |

Retained earnings | 468,508 |  | 777,714 |  |

SHAREHOLDERS' FUNDS | 479,492 |  | 788,698 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 26th February 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.

Hammad Malik Ltd (Registered number: 06831674)

Balance Sheet - continued

26th February 2025

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 21st January 2026 and were signed on its behalf by:

Dr M H A Malik - Director

Hammad Malik Ltd (Registered number: 06831674)

Notes to the Financial Statements

for the Year Ended 26th February 2025

1. | COMPANY INFORMATION

| Hammad Malik Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 06831674

| Registered office: | The Lexicon

| Mount Street

| Manchester

| M2 5NT

| 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from the provision of professional services is recognised on delivery of the service.

| Goodwill

| Franchise costs, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 20% on reducing balance

| Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

| 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.

| The investment property has not been valued by an independent valuer. The property has been valued by the director using local knowledge of the value of similar properties in the same location.

Hammad Malik Ltd (Registered number: 06831674)

Notes to the Financial Statements - continued

for the Year Ended 26th February 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Franchise

| costs

£ |

| COST

| At 27th February 2024

| and 26th February 2025 | 234,410 |  |

| AMORTISATION

| At 27th February 2024 | 175,807 |  |

| Amortisation for year | 11,720 |  |

| At 26th February 2025 | 187,527 |  |

| NET BOOK VALUE

| At 26th February 2025 | 46,883 |  |

| At 26th February 2024 | 58,603 |  |

Hammad Malik Ltd (Registered number: 06831674)

Notes to the Financial Statements - continued

for the Year Ended 26th February 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 27th February 2024 | 34,760 |  | 66,430 |  | 101,190 |  |

| Additions | 10,275 |  | 198,766 |  | 209,041 |  |

| At 26th February 2025 | 45,035 |  | 265,196 |  | 310,231 |  |

| DEPRECIATION

| At 27th February 2024 | 24,752 |  | 58,548 |  | 83,300 |  |

| Charge for year | 6,734 |  | 51,412 |  | 58,146 |  |

| At 26th February 2025 | 31,486 |  | 109,960 |  | 141,446 |  |

| NET BOOK VALUE

| At 26th February 2025 | 13,549 |  | 155,236 |  | 168,785 |  |

| At 26th February 2024 | 10,008 |  | 7,882 |  | 17,890 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 27th February 2024 | 66,430 |  |

| Additions | 198,766 |  |

| Transfer to ownership | (66,430 | ) |

| At 26th February 2025 | 198,766 |  |

| DEPRECIATION

| At 27th February 2024 | 58,548 |  |

| Charge for year | 49,442 |  |

| Transfer to ownership | (58,548 | ) |

| At 26th February 2025 | 49,442 |  |

| NET BOOK VALUE

| At 26th February 2025 | 149,324 |  |

| At 26th February 2024 | 7,882 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 27th February 2024

| and 26th February 2025 | 215,000 |  |

| NET BOOK VALUE

| At 26th February 2025 | 215,000 |  |

| At 26th February 2024 | 215,000 |  |

Hammad Malik Ltd (Registered number: 06831674)

Notes to the Financial Statements - continued

for the Year Ended 26th February 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 26th February 2025 is represented by:

£ |

| Valuation in 2021 | (4,000 | ) |

| Valuation in 2022 | (11,000 | ) |

| Valuation in 2023 | 12,000 |  |

| Valuation in 2024 | (12,000 | ) |

| Cost | 230,000 |  |

215,000 |  |

| .

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 26.2.25 |  | 26.2.24

£ | £ |

| Trade debtors | 120,107 |  | 191,584 |  |

| S455 Recoverable | 36,753 |  | 36,753 |  |

| Other Debtors | 7,000 |  | 13,000 |  |

| Directors' current accounts | 28,506 |  | 190,938 |  |

| Prepayments and accrued income | - |  | 31,000 |  |

192,366 |  | 463,275 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 26.2.25 |  | 26.2.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 17,083 |  | - |  |

| Corporation tax | (19,576 | ) | 45,291 |  |

| Social security and other taxes | 170 |  | (956 | ) |

| VAT | 17,652 |  | 24,475 |  |

| Accrued expenses | - |  | (2 | ) |

25,329 |  | 78,808 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 26.2.25 |  | 26.2.24

£ | £ |

| Bank loans - 1-2 years | 3,335 |  | 10,000 |  |

| Bank loans - 2-5 years | - |  | 3,333 |  |

| Hire purchase contracts | 128,037 |  | - |  |

131,372 |  | 13,333 |  |

Hammad Malik Ltd (Registered number: 06831674)

Notes to the Financial Statements - continued

for the Year Ended 26th February 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 26.2.25 |  | 26.2.24

£ | £ |

| Bank loans | 13,335 |  | 23,333 |  |

| Hire purchase contracts | 145,120 |  | - |  |

158,455 |  | 23,333 |  |

| The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

| The bank loan is secured by a guarantee from the Government under the Bounce Back Loan Scheme.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 26.2.25 |  | 26.2.24

| value: | £ | £ |

| 100 | Ordinary A | £1 | 100 |  | 100 |  |

| 40 | Ordinary B | £1 | 40 |  | 40 |  |

140 |  | 140 |  |

| The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 26th February 2025 and 26th February 2024:

| 26.2.25 |  | 26.2.24

£ | £ |

| Dr M H A Malik and Mrs G A Malik

| Balance outstanding at start of year | 190,938 |  | 130,021 |  |

| Amounts advanced | 178,210 |  | 444,095 |  |

| Amounts repaid | (340,642 | ) | (383,178 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 28,506 |  | 190,938 |  |

| The loan is repayable on demand and interest of £4,633.89 was charged at the official HMRC rate of 2.5% during the year.

13. | CONTROL

| The ultimate controlling party is Dr H Malik by virtue of holding 100% of the voting share capital.