Company registration number: 10414351
Annual report and unaudited financial statements
for the year ended 31 May 2025
for
Rayaan Ismail Limited
Pages for filing with the Registrar
Company registration number: 10414351
Rayaan Ismail Limited
Balance sheet
as at 31 May 2025
31 May 25 31 May 24
Note £ £ £ £
Fixed assets
Investments 4 6,202,298 6,202,298
6,202,298 6,202,298
Current assets
Debtors 5 997,532 982,659
997,532 982,659
Creditors: amounts falling due within one
year 		6 (2,162,796) (2,152,709)
Net current liabilities (1,165,264) (1,170,050)
Total assets less current liabilities 5,037,034 5,032,248
NET ASSETS 5,037,034 5,032,248
Capital and reserves
Called up share capital 335 335
Share premium account 1,851,128 1,851,128
Profit and loss account 3,185,571 3,180,785
TOTAL EQUITY 5,037,034 5,032,248
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 10414351
Rayaan Ismail Limited
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 May 2026 and signed on its behalf by:
Mr S Hussein, Director
29 May 2026
2
Rayaan Ismail Limited
Notes to the financial statements
for the year ended 31 May 2025
1 Company information
Rayaan Ismail Limited is a private company registered in England and Wales. Its registered number is 10414351. The company is limited by shares. Its registered office is 12 Bowling Green Way, Rochdale, Lancashire, OL11 5QQ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
3
Rayaan Ismail Limited
Notes to the financial statements - continued
for the year ended 31 May 2025
4 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 June 2024 6,202,298
At 31 May 2025 6,202,298
Net book value
At 31 May 2025 6,202,298
At 31 May 2024 6,202,298
5 Debtors
31 May 25 31 May 24
£ £
Other debtors 997,532 982,659
6 Creditors: amounts falling due within one year
31 May 25 31 May 24
£ £
Other creditors 2,135,763 2,135,764
Taxation 23,433 15,145
Accruals and deferred income 3,600 1,800
2,162,796 2,152,709
7 Financial instruments
4
Rayaan Ismail Limited
Notes to the financial statements - continued
for the year ended 31 May 2025
7 Financial instruments - continued
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 balance sheet 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
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.
Classification of financial liabilities
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
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.
5
Rayaan Ismail Limited
Notes to the financial statements - continued
for the year ended 31 May 2025
8 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 31 May 2025 and 31 May 2024.
31 May 25 31 May 24
£ £
Directors' loans
Balance outstanding at start of year 596,612 1,167,427
Amounts advanced 14,874 29,185
Amounts repaid - (600,000)
Balance outstanding at end of year 611,486 596,612
Interest Rate 2.25%
6