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REGISTERED NUMBER: 03046978 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BABA SAWAN LODGE LIMITED

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BABA SAWAN LODGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr S Advani
Mr A S Advani
Mr N Advani





SECRETARY: Mr S Advani





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 03046978 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BABA SAWAN LODGE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baba Sawan Lodge Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Baba Sawan Lodge Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baba Sawan Lodge Limited and state those matters that we have agreed to state to the Board of Directors of Baba Sawan Lodge Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baba Sawan Lodge Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baba Sawan Lodge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baba Sawan Lodge Limited. You consider that Baba Sawan Lodge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Baba Sawan Lodge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


13 November 2024

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 884,029 505,888

CURRENT ASSETS
Debtors 5 14,200 -
Cash at bank and in hand 36,656 298,903
50,856 298,903
CREDITORS
Amounts falling due within one year 6 127,835 103,543
NET CURRENT (LIABILITIES)/ASSETS (76,979 ) 195,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,050

701,248

CREDITORS
Amounts falling due after more than one year 7 (198,438 ) (203,236 )

PROVISIONS FOR LIABILITIES (18,480 ) (15,370 )
NET ASSETS 590,132 482,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 590,032 482,542
SHAREHOLDERS' FUNDS 590,132 482,642

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

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

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





Mr S Advani - Director


BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

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


1. STATUTORY INFORMATION

Baba Sawan Lodge 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.

Turnover
Turnover represents the fees receivable for services provided. Turnover is recognised when the company has a right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - Over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 June 2023 382,196 103,541 50,895
Additions 373,596 5,214 41,212
Disposals - - -
At 31 May 2024 755,792 108,755 92,107
DEPRECIATION
At 1 June 2023 11,069 30,481 26,548
Charge for year 5,448 10,875 16,389
Eliminated on disposal - - -
At 31 May 2024 16,517 41,356 42,937
NET BOOK VALUE
At 31 May 2024 739,275 67,399 49,170
At 31 May 2023 371,127 73,060 24,347

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 74,169 6,000 10,226 627,027
Additions 1,187 - - 421,209
Disposals - (6,000 ) - (6,000 )
At 31 May 2024 75,356 - 10,226 1,042,236
DEPRECIATION
At 1 June 2023 38,682 5,147 9,212 121,139
Charge for year 9,169 - 334 42,215
Eliminated on disposal - (5,147 ) - (5,147 )
At 31 May 2024 47,851 - 9,546 158,207
NET BOOK VALUE
At 31 May 2024 27,505 - 680 884,029
At 31 May 2023 35,487 853 1,014 505,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,700 -
Other debtors 7,500 -
14,200 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,386 5,957
Taxation and social security 64,272 63,110
Other creditors 58,177 34,476
127,835 103,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 198,438 203,236

BABA SAWAN LODGE LIMITED (REGISTERED NUMBER: 03046978)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 167,512 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 203,824 209,193

Bank loans include a loan for £165,000 which is secured by a fixed charge over the freehold property of the company, and government backed bounce bank loan and coronavirus business interruption loan.

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £316,635 (2023: £49,190).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2023 - £18,800) were paid to the directors .