Al-Rafiq Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC452661

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		3,890,657		2,148,536

			3,890,657		2,148,536
CURRENT ASSETS
Debtors	5	24,515		26,100
Cash at bank and in hand		6,962		14,329

		31,477		40,429
Creditors: Amounts Falling Due Within One Year	6	(1,159,251 )		(514,100 )

NET CURRENT ASSETS (LIABILITIES)			(1,127,774 )		(473,671 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,762,883		1,674,865

Creditors: Amounts Falling Due After More Than One Year	7		(2,137,200 )		(1,080,504 )

NET ASSETS			625,683		594,361

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			625,583		594,261

SHAREHOLDERS' FUNDS			625,683		594,361

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Al-Rafiq Properties Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 Profit and Loss Account.

On behalf of the board

Mohammed Rafiq

Director

26/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Al-Rafiq Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC452661 . The registered office is 98 Renfield Street, Glasgow, G2 1NH.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover includes rental income from investment properties and income arising from property-related services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Rental income from property management and other related services is recognised as the services are provided and when the Company is entitled to receive the consideration.

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. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. 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.

...CONTINUED

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Al-Rafiq Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	2,148,536
Additions	1,742,121

As at 31 December 2025	3,890,657

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2,750	-
Due after more than one year
Trade debtors	2,235	3,070
Other debtors	19,530	23,030

	21,765	26,100

	24,515	26,100

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	1,135,840	505,076
Taxation and social security	23,411	9,024

	1,159,251	514,100

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Al-Rafiq Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	4,167
Atom Bank Loan-NCL	1,083,717	-
Other creditors	1,053,483	1,076,337

	2,137,200	1,080,504

8. Share Capital

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

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