Alaraby Aljadeed Ltd - Filleted accounts

Registered number

09170316

Alaraby Aljadeed Ltd

Filleted Accounts

31 December 2024

Alaraby Aljadeed Ltd
Registered number:		09170316
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	5		92,544			134,331
Tangible assets	6		49,388			67,232
			141,932			201,563

Current assets
Debtors	7	8,360,104			665,345
Cash at bank and in hand		567,114			553,550
		8,927,218			1,218,895

Creditors: amounts falling due within one year	8	(987,179)			(6,634,884)

Net current assets/(liabilities)			7,940,039			(5,415,989)

Net assets/(liabilities)			8,081,971			(5,214,426)

Capital and reserves
Called up share capital			189			152
Share premium			57,346,262			50,118,489
Profit and loss account			(49,264,480)			(55,333,067)

Shareholder's funds			8,081,971			(5,214,426)

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M A S Dib
Director
Approved by the board on 19 May 2026

Alaraby Aljadeed Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are prepared in sterling, which is the functional currency of the entity.

	Going concern
	The company is part of a larger group and has historically benefited from support from its parent undertaking and ultimate controlling party. During the year, the group formalised its ongoing support arrangements through an intra-group services agreement with a fellow group undertaking, under which the company provides services on a cost-plus basis, with relevant costs recharged together with an agreed mark-up. The directors have prepared forecasts for a period of at least twelve months from the date of approval of these financial statements. These forecasts indicate that, provided the intra-group service arrangement and support from the wider group continue, the company will have adequate resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future. However, the company is reliant on the continuation of the intra-group service arrangement and the ongoing support of the wider group. Should this arrangement or support not continue, the company may be unable to meet its liabilities as they fall due. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. Notwithstanding this material uncertainty, based on the forecasts prepared and after making enquiries, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future and for at least twelve months from the date of approval of these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Audit information

	The audit report is unqualified.

	Material uncertainty related to going concern
	We draw attention to note 1 in the financial statements, which indicates that the company is reliant on the continuation of its intra-group service arrangement and the ongoing support of the wider group in order to meet its liabilities as they fall due. As stated in note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
	In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
	Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

	Senior statutory auditor:	S Rajan CTA FCCA ACA
	Firm:	Adam & Roger Limited t/as AFCL Auditors
	Date of audit report:	19 May 2026


3	Exceptional items					2024		2023
£							£
	Waiver of amounts owed to group undertakings					5,673,045		-
	Foreign exchange gain/(loss)					(101,546)		302,973


						5,571,499		302,973


4	Employees					2024		2023
Number							Number

	Production					80		71
	Administrative					17		15
	Marketing and development					10		10
	Average number of persons employed by the company					107		96


5	Intangible fixed assets							£
	Development costs:

	Cost
	At 1 January 2024							291,830
	At 31 December 2024							291,830

	Amortisation
	At 1 January 2024							157,499
	Provided during the year							41,787
	At 31 December 2024							199,286

	Net book value
	At 31 December 2024							92,544
	At 31 December 2023							134,331

	Intangible fixed assets is being written off in equal annual instalments over its estimated economic life of 7 years.


6	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 January 2024			107,234		386,570		493,804
	Additions			-		32,770		32,770
	Disposals			-		(40,020)		(40,020)
	At 31 December 2024			107,234		379,320		486,554

	Depreciation
	At 1 January 2024			107,234		319,338		426,572
	Charge for the year			-		50,614		50,614
	On disposals			-		(40,020)		(40,020)
	At 31 December 2024			107,234		329,932		437,166

	Net book value
	At 31 December 2024			-		49,388		49,388
	At 31 December 2023			-		67,232		67,232


7	Debtors					2024		2023
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					69,974		419,183
	Prepayments and accrued income					8,266,807		105,573
	Other debtors					23,323		140,589
						8,360,104		665,345


8	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					118,838		83,810
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					92,690		5,761,853
	Accruals and deferred income					668,874		703,429
	Taxation and social security costs					95,689		71,801
	Other creditors					11,088		13,991
						987,179		6,634,884


9	Share capital	Nominal		2024		2024		2023
value			Number		£		£

£1 each				189		189		152

	During the year in December 2024 (2023 - December 2023) the company converted group loans from the parent company and issued 37 (2023 - 36) £1 ordinary shares at £195,345 (2023 - £196,556) per share, totalling £7,227,773 (2023 - £7,076,003).


10	Pension commitments

	The amount recognised in the profit and loss as an expense in relation to defined contribution plans was £52,699 (2023 - £45,599). As at the period end contributions totalling £12,518 (2023 - £11,338) were payable and are included within other creditors.


11	Related party transactions

	In accordance with FRS 102 paragraph 1AC 35, exemption is taken not to disclose transactions in the year between wholly owned group undertakings. As at 31 December 2024 an amount of £NIL (2023 - £1,658,392) was due to Rainbow Media SAL, a fellow group subsidiary based in Lebanon, in respect of financing provided during the year. The amount loaned is unsecured and interest free with no fixed repayment date and is included within creditors owed to group undertakings. The company also leases its premises from Rainbow Media SAL rent free although it is required to pay costs related to the property.


12	Controlling party

	The immediate parent company is Fadaat Media Limited, a company registered in England and Wales whose registered office is situated at Ealing Cross 2nd Floor, 85 Uxbridge Road, London W5 5TH from where the group accounts can be obtained. The ultimate parent company is Fadaat Media W.L.L, a company registered in Qatar whose registered office is situated at Com 13. Floor 20, Burj Alfardan, Lusail Building no. 157, Street 301, Zone 69, Doha Qatar. The ultimate controlling party is Sultan Ghanim S A Al-Kuwari, by virtue of his controlling ownership of the ultimate parent company Fadaat Media W.L.L.


13	Other information

	Alaraby Aljadeed Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Ealing Cross 2nd Floor
	85 Uxbridge Road
	London
	W5 5TH