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Shafiq Estates LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2025
Kane & Co Ltd
Shafiq Estates LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Shafiq Estates LLP
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: OC442141

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,740,000 |  | 2,740,000
|  |  | 2,740,000 |  | 2,740,000
Creditors: Amounts Falling Due Within One Year | 5 | (10,870 ) |  | (9,670 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (10,870 ) |  | (9,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,729,130 |  | 2,730,330
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 2,729,130 |  | 2,730,330
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts |  | 103,496 |  | 69,589 |
|  |  | 103,496 |  | 69,589
Equity
Members' other interests
Members' capital |  | 2,625,634 |  | 2,660,741 |
|  |  | 2,625,634 |  | 2,660,741
|  |  | 2,729,130 |  | 2,730,330
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year |  |  | 103,496 |  | 69,589
Members' other interests |  |  | 2,625,634 |  | 2,660,741
|  |  | 2,729,130 |  | 2,730,330

Page 1
Page 2
Shafiq Estates LLP
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members

Mr M Shafiq Designated Member
24/02/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Shafiq Estates LLP
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Shafiq Estates LLP is a limited liability partnership, incorporated in England & Wales, registered number OC442141 . The Registered Office is 99 Warren Road, Wanstead, London, E11 2LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.

Freehold |

3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Shafiq Estates LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold
| £
Cost
As at 1 June 2024 | 2,740,000
As at 31 May 2025 | 2,740,000
Net Book Value
As at 31 May 2025 | 2,740,000
As at 1 June 2024 | 2,740,000

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 10,870 |  | 9,670

Page 4