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REGISTERED NUMBER: 08495478 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BALMON INVESTMENTS LTD

BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALMON INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N Parekh
D Parekh





REGISTERED OFFICE: 267 Water Road
London
HA0 1HX





REGISTERED NUMBER: 08495478 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 302
Investments 5 222,338 222,338
Investment property 6 3,750,000 3,800,000
3,972,339 4,022,640

CURRENT ASSETS
Debtors 7 2,579,800 492,759
Cash at bank 46,415 86,122
2,626,215 578,881
CREDITORS
Amounts falling due within one year 8 5,272,050 3,121,057
NET CURRENT LIABILITIES (2,645,835 ) (2,542,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,504

1,480,464

CREDITORS
Amounts falling due after more than one
year

9

-

(210,006

)

PROVISIONS FOR LIABILITIES (209,688 ) (222,188 )
NET ASSETS 1,116,816 1,048,270

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 724,160 857,814
Retained earnings 10 392,556 190,356
SHAREHOLDERS' FUNDS 1,116,816 1,048,270

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

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

BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





D Parekh - Director


BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Balmon Investments Ltd 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 certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 5,007
DEPRECIATION
At 1 April 2023 4,705
Charge for year 301
At 31 March 2024 5,006
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 302

BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,194 216,144 222,338
NET BOOK VALUE
At 31 March 2024 6,194 216,144 222,338
At 31 March 2023 6,194 216,144 222,338

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,800,000
Revaluations (50,000 )
At 31 March 2024 3,750,000
NET BOOK VALUE
At 31 March 2024 3,750,000
At 31 March 2023 3,800,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 79,898
Valuation in 2016 125,642
Valuation in 2017 82,031
Valuation in 2019 (145,000 )
Valuation in 2020 75,000
Valuation in 2021 200,000
Valuation in 2022 556,278
Valuation in 2023 10,000
Valuation in 2024 (50,000 )
Cost 2,816,151
3,750,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135 55,019
Amounts owed by group undertakings 954,448 234,448
Other debtors 1,625,217 203,292
2,579,800 492,759

BALMON INVESTMENTS LTD (REGISTERED NUMBER: 08495478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 17,000
Taxation and social security 39,059 38,067
Other creditors 5,232,991 3,065,990
5,272,050 3,121,057

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 210,006

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 190,356 857,814 1,048,170
Profit for the year 68,546 68,546
Transfer 133,654 (133,654 ) -
At 31 March 2024 392,556 724,160 1,116,716

11. RELATED PARTY DISCLOSURES

Hinds Head KB Ltd is a subsidiary of Balmon Investments Ltd.

Debtors include £1,465,000 (2023 £40,000) due from Pinnash Properties Limited a company 50% owned by Mr D Parekh. It is interest free and repayable on demand. Other creditors include interest free loans repayable on demand from D Parekh of £884,621 (2023 £902,621) and £775,025 (£775,025) from Mr N Parekh.