Company Registration No. 07925988 (England and Wales)
Rashid Bhatti Limited
Unaudited accounts
for the year ended 28 March 2023
Rashid Bhatti Limited
Unaudited accounts
Contents
Rashid Bhatti Limited
Company Information
for the year ended 28 March 2023
Company Number
07925988 (England and Wales)
Registered Office
87 Harborne Road
Birmingham
West Midlands
B15 3HG
England
Accountants
Younis Bhatti & Co Ltd
93 Broad Street
Birmingham
West Midlands
B15 1AU
Rashid Bhatti Limited
Statement of financial position
as at 28 March 2023
Tangible assets
20,810
27,855
Investment property
3,514,500
3,514,500
Cash at bank and in hand
114,058
255,273
Creditors: amounts falling due within one year
(73,626)
(90,011)
Net current assets
40,432
165,262
Total assets less current liabilities
3,575,742
3,707,617
Creditors: amounts falling due after more than one year
(1,437,919)
(1,823,919)
Net assets
2,137,823
1,883,698
Called up share capital
100
100
Profit and loss account
2,137,723
1,883,598
Shareholders' funds
2,137,823
1,883,698
For the year ending 28 March 2023 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 director acknowledges his 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 and authorised for issue on 12 March 2024 and were signed on its behalf by
Dr Rashid Bhatti
Director
Company Registration No. 07925988
Rashid Bhatti Limited
Notes to the Accounts
for the year ended 28 March 2023
Rashid Bhatti Limited is a private company, limited by shares, registered in England and Wales, registration number 07925988. The registered office is 87 Harborne Road, Birmingham, West Midlands, B15 3HG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 29 March 2022
37,000
14,268
51,268
At 28 March 2023
37,000
14,268
51,268
At 29 March 2022
10,120
13,293
23,413
Charge for the year
6,720
325
7,045
At 28 March 2023
16,840
13,618
30,458
At 28 March 2023
20,160
650
20,810
At 28 March 2022
26,880
975
27,855
Fair value at 29 March 2022
3,514,500
At 28 March 2023
3,514,500
Rashid Bhatti Limited
Notes to the Accounts
for the year ended 28 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
69,513
87,398
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
1,437,919
1,823,919
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).