QURESHI LAND HOLDINGS LIMITED

QURESHI LAND HOLDINGS LIMITED

QURESHI LAND HOLDINGS LIMITED - Company Information

Print Friendly Version

1 April 2019 false No description of principal activity Taxfiler 2021.1 true SC512523business:PrivateLimitedCompanyLtd2019-04-012020-03-31 SC5125232019-03-31 SC5125232019-04-012020-03-31 SC512523business:AuditExempt-NoAccountantsReport2019-04-012020-03-31 SC512523business:FullAccounts2019-04-012020-03-31 SC5125232020-03-31 SC512523business:Director12019-04-012020-03-31 SC512523business:Director22019-04-012020-03-31 SC512523business:RegisteredOffice2019-04-012020-03-31 SC5125232019-03-30 SC512523core:WithinOneYear2020-03-31 SC512523core:WithinOneYear2019-03-30 SC512523core:ShareCapital2020-03-31 SC512523core:ShareCapital2019-03-30 SC512523core:RetainedEarningsAccumulatedLosses2020-03-31 SC512523core:RetainedEarningsAccumulatedLosses2019-03-30 SC512523business:SmallEntities2019-04-012020-03-31 SC512523countries:Scotland2019-04-012020-03-31 SC5125232018-03-312019-03-30 iso4217:GBP xbrli:pure
Company Registration No. SC512523 (Scotland)
QURESHI LAND HOLDINGS LIMITED Unaudited accounts for the year ended 31 March 2020
QURESHI LAND HOLDINGS LIMITED Unaudited accounts Contents
Page
- 2 -
QURESHI LAND HOLDINGS LIMITED Company Information for the year ended 31 March 2020
Directors
Usman Qureshi Shafea Qureshi
Company Number
SC512523 (Scotland)
Registered Office
31 THORN ROAD BEARSDEN GLASGOW G61 4BS SCOTLAND
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QF
- 3 -
QURESHI LAND HOLDINGS LIMITED Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Investment property
4
273,682 
273,682 
Current assets
Debtors
5
10,293 
101 
Cash at bank and in hand
45 
11,934 
10,338 
12,035 
Creditors: amounts falling due within one year
6
(309,777)
(306,846)
Net current liabilities
(299,439)
(294,811)
Net liabilities
(25,757)
(21,129)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(25,857)
(21,229)
Shareholders' funds
(25,757)
(21,129)
For the year ending 31 March 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2021 and were signed on its behalf by
Usman Qureshi Director Company Registration No. SC512523
- 4 -
QURESHI LAND HOLDINGS LIMITED Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
QURESHI LAND HOLDINGS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC512523. The registered office is 31 THORN ROAD, BEARSDEN, GLASGOW, G61 4BS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
At the time of approving the financial statements, the directors, have a reasonable expectation that the company will continue to exist through the support of the directors.
4
Investment property
2020 
£ 
Fair value at 1 April 2019
273,682 
At 31 March 2020
273,682 
The directors have considered the market value of the properties to be representative of that shown as at 31 March 2020. Any aggregate surplus or deficit arising from changes in fair value is recognised through profit or loss.
5
Debtors
2020 
2019 
£ 
£ 
Less than one year
Other debtors
10,293 
101 
Greater than one year
Total debtors
10,293 
101 
- 5 -
QURESHI LAND HOLDINGS LIMITED Notes to the Accounts for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other creditors
299,165 
297,194 
Loans from directors
8,152 
8,152 
Accruals
2,460 
1,500 
309,777 
306,846 
7
Transactions with related parties
As at 31 March 2020, the directors have provided company with interest free loan of £8,152 (2019, £8,152). There is no fixed terms of repayment. Transactions with related parties: During the year to 31 March 2020 the company owed to related parties £299,165 (2019, £296,219). There is no fixed terms of repayment. During the year to 31 March 2020, the company was owed by related parties £10,293 (2019, £NIL). There is no fixed terms of repayment.
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).
- 6 -