REGISTERED NUMBER: 02172925 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tariq Brothers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Ijaz Ahmad

Mr Tariq Mahmood

Mrs Tasneem Ahmad

REGISTERED OFFICE:

Unit 5

Evita House

Sussex Street

Leicester

Leicestershire

LE5 3BF

REGISTERED NUMBER:

02172925 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

2,021

1,743

Investment property

5

3,905,968

3,846,058

3,907,989

3,847,801

CURRENT ASSETS

Debtors

6

31,164

48,837

Cash at bank

17,560

45,208

48,724

94,045

CREDITORS

Amounts falling due within one year

7

(188,498

)

(198,843

)

NET CURRENT LIABILITIES

(139,774

)

(104,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,768,215

3,743,003

PROVISIONS FOR LIABILITIES

(214,001

)

(235,778

)

NET ASSETS

3,554,214

3,507,225

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

1,715,174

1,715,174

Retained earnings

1,838,940

1,791,951

SHAREHOLDERS' FUNDS

3,554,214

3,507,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr Ijaz Ahmad - Director

1.	STATUTORY INFORMATION

Tariq Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 investment property.

Going Concern

At the year end the company has net current liabilities. It is dependent on the continued support of the directors for the continuance of trade. The directors intend to continue with such support. On that basis the directors considers it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover comprises revenue recognised by the company in respect of rental income, service charges and insurance recharges receivable during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

12,609

22,477

35,086

Additions

-

783

783

At 31 December 2024

12,609

23,260

35,869

DEPRECIATION

At 1 January 2024

12,529

20,814

33,343

Charge for year

16

489

505

At 31 December 2024

12,545

21,303

33,848

NET BOOK VALUE

At 31 December 2024

64

1,957

2,021

At 31 December 2023

80

1,663

1,743

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,846,058

Additions

59,910

At 31 December 2024

3,905,968

NET BOOK VALUE

At 31 December 2024

3,905,968

At 31 December 2023

3,846,058

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

1,824,605

Cost

2,081,363

3,905,968

Investment property is shown at fair value which is reviewed annually. The fair value of £3,905,968 is considered to be appropriate based on the current market rent and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Trade debtors

18,533

45,280

Other debtors

12,631

3,557

31,164

48,837

Other debtors includes prepayments and accrued income of £5,167 (2023: £3,557).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Bank loans and overdrafts (see note 8)

-

7,792

Trade creditors

64,964

32,272

Taxation and social security

71,976

62,727

Other creditors

51,558

96,052

188,498

198,843

Other creditors includes accruals and deferred income of £20,279 (2023: £57,884).

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

as

restated

£

£

Amounts falling due within one year or on demand:

Bank loans

-

7,792

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

as

restated

£

£

Bank loans

-

7,792

The bank loan was secured on 9-17 Turner Street, London, E1 2AU.