2023-03-012024-02-282024-02-28false08896897Bhagat and Sons Pte Ltd2024-11-19iso4217:GBPxbrli:pure088968972023-03-01088968972024-02-28088968972023-03-012024-02-28088968972022-03-01088968972023-02-28088968972022-03-012023-02-2808896897bus:SmallEntities2023-03-012024-02-2808896897bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2808896897bus:AbridgedAccounts2023-03-012024-02-2808896897bus:PrivateLimitedCompanyLtd2023-03-012024-02-2808896897core:WithinOneYear2024-02-2808896897core:AfterOneYear2024-02-2808896897core:WithinOneYear2023-02-2808896897core:AfterOneYear2023-02-2808896897core:ShareCapital2024-02-2808896897core:SharePremium2024-02-2808896897core:RevaluationReserve2024-02-2808896897core:OtherReservesSubtotal2024-02-2808896897core:RetainedEarningsAccumulatedLosses2024-02-2808896897core:ShareCapital2023-02-2808896897core:SharePremium2023-02-2808896897core:RevaluationReserve2023-02-2808896897core:OtherReservesSubtotal2023-02-2808896897core:RetainedEarningsAccumulatedLosses2023-02-2808896897core:LandBuildings2024-02-2808896897core:PlantMachinery2024-02-2808896897core:Vehicles2024-02-2808896897core:FurnitureFittings2024-02-2808896897core:OfficeEquipment2024-02-2808896897core:NetGoodwill2024-02-2808896897core:IntangibleAssetsOtherThanGoodwill2024-02-2808896897core:ListedExchangeTraded2024-02-2808896897core:UnlistedNon-exchangeTraded2024-02-2808896897core:LandBuildings2023-02-2808896897core:PlantMachinery2023-02-2808896897core:Vehicles2023-02-2808896897core:FurnitureFittings2023-02-2808896897core:OfficeEquipment2023-02-2808896897core:NetGoodwill2023-02-2808896897core:IntangibleAssetsOtherThanGoodwill2023-02-2808896897core:ListedExchangeTraded2023-02-2808896897core:UnlistedNon-exchangeTraded2023-02-2808896897core:LandBuildings2023-03-012024-02-2808896897core:PlantMachinery2023-03-012024-02-2808896897core:Vehicles2023-03-012024-02-2808896897core:FurnitureFittings2023-03-012024-02-2808896897core:OfficeEquipment2023-03-012024-02-2808896897core:NetGoodwill2023-03-012024-02-2808896897core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2808896897core:ListedExchangeTraded2023-03-012024-02-2808896897core:UnlistedNon-exchangeTraded2023-03-012024-02-2808896897core:MoreThanFiveYears2023-03-012024-02-2808896897core:Non-currentFinancialInstruments2024-02-2808896897core:Non-currentFinancialInstruments2023-02-2808896897dpl:CostSales2023-03-012024-02-2808896897dpl:DistributionCosts2023-03-012024-02-2808896897core:LandBuildings2023-03-012024-02-2808896897core:PlantMachinery2023-03-012024-02-2808896897core:Vehicles2023-03-012024-02-2808896897core:FurnitureFittings2023-03-012024-02-2808896897core:OfficeEquipment2023-03-012024-02-2808896897dpl:AdministrativeExpenses2023-03-012024-02-2808896897core:NetGoodwill2023-03-012024-02-2808896897core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2808896897dpl:GroupUndertakings2023-03-012024-02-2808896897dpl:ParticipatingInterests2023-03-012024-02-2808896897dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2808896897core:ListedExchangeTraded2023-03-012024-02-2808896897dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2808896897core:UnlistedNon-exchangeTraded2023-03-012024-02-2808896897dpl:CostSales2022-03-012023-02-2808896897dpl:DistributionCosts2022-03-012023-02-2808896897core:LandBuildings2022-03-012023-02-2808896897core:PlantMachinery2022-03-012023-02-2808896897core:Vehicles2022-03-012023-02-2808896897core:FurnitureFittings2022-03-012023-02-2808896897core:OfficeEquipment2022-03-012023-02-2808896897dpl:AdministrativeExpenses2022-03-012023-02-2808896897core:NetGoodwill2022-03-012023-02-2808896897core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2808896897dpl:GroupUndertakings2022-03-012023-02-2808896897dpl:ParticipatingInterests2022-03-012023-02-2808896897dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2808896897core:ListedExchangeTraded2022-03-012023-02-2808896897dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2808896897core:UnlistedNon-exchangeTraded2022-03-012023-02-2808896897core:NetGoodwill2024-02-2808896897core:IntangibleAssetsOtherThanGoodwill2024-02-2808896897core:LandBuildings2024-02-2808896897core:PlantMachinery2024-02-2808896897core:Vehicles2024-02-2808896897core:FurnitureFittings2024-02-2808896897core:OfficeEquipment2024-02-2808896897core:AfterOneYear2024-02-2808896897core:WithinOneYear2024-02-2808896897core:ListedExchangeTraded2024-02-2808896897core:UnlistedNon-exchangeTraded2024-02-2808896897core:ShareCapital2024-02-2808896897core:SharePremium2024-02-2808896897core:RevaluationReserve2024-02-2808896897core:OtherReservesSubtotal2024-02-2808896897core:RetainedEarningsAccumulatedLosses2024-02-2808896897core:NetGoodwill2023-02-2808896897core:IntangibleAssetsOtherThanGoodwill2023-02-2808896897core:LandBuildings2023-02-2808896897core:PlantMachinery2023-02-2808896897core:Vehicles2023-02-2808896897core:FurnitureFittings2023-02-2808896897core:OfficeEquipment2023-02-2808896897core:AfterOneYear2023-02-2808896897core:WithinOneYear2023-02-2808896897core:ListedExchangeTraded2023-02-2808896897core:UnlistedNon-exchangeTraded2023-02-2808896897core:ShareCapital2023-02-2808896897core:SharePremium2023-02-2808896897core:RevaluationReserve2023-02-2808896897core:OtherReservesSubtotal2023-02-2808896897core:RetainedEarningsAccumulatedLosses2023-02-2808896897core:NetGoodwill2022-03-0108896897core:IntangibleAssetsOtherThanGoodwill2022-03-0108896897core:LandBuildings2022-03-0108896897core:PlantMachinery2022-03-0108896897core:Vehicles2022-03-0108896897core:FurnitureFittings2022-03-0108896897core:OfficeEquipment2022-03-0108896897core:AfterOneYear2022-03-0108896897core:WithinOneYear2022-03-0108896897core:ListedExchangeTraded2022-03-0108896897core:UnlistedNon-exchangeTraded2022-03-0108896897core:ShareCapital2022-03-0108896897core:SharePremium2022-03-0108896897core:RevaluationReserve2022-03-0108896897core:OtherReservesSubtotal2022-03-0108896897core:RetainedEarningsAccumulatedLosses2022-03-0108896897core:AfterOneYear2023-03-012024-02-2808896897core:WithinOneYear2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2808896897core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2808896897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2808896897core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2808896897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2808896897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2808896897bus:Director12023-03-012024-02-2808896897bus:Director22023-03-012024-02-2808896897bus:Director32023-03-012024-02-2808896897bus:Director42023-03-012024-02-28

Bhagat and Sons Pte Ltd

Registered Number
08896897
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

Bhagat and Sons Pte Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024

Directors

M S Bhagat
BHAGAT, Rahil Munnawar
BHAGAT, Shahilia Munnawar
S M Bhagat

Registered Address

7 St Johns Road
Harrow
HA1 2EY

Registered Number

08896897 (England and Wales)
Bhagat and Sons Pte Ltd
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,367,3633,367,363
3,367,3633,367,363
Current assets
Cash at bank and on hand50,46479,965
50,46479,965
Creditors amounts falling due within one year4(455,329)(467,726)
Net current assets (liabilities)(404,865)(387,761)
Total assets less current liabilities2,962,4982,979,602
Creditors amounts falling due after one year5(2,607,447)(2,650,864)
Net assets355,051328,738
Capital and reserves
Called up share capital100100
Profit and loss account354,951328,638
Shareholders' funds355,051328,738
The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2024, and are signed on its behalf by:
M S Bhagat
Director
Registered Company No. 08896897
Bhagat and Sons Pte Ltd
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 it is probable that they will be recovered against the reversal of defferred tax liabilities or other future taxable profits.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Dep @25% RBM.
Investments
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.
2.Average number of employees

20242023
Average number of employees during the year42
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 233,367,363
At 28 February 243,367,363
Net book value
At 28 February 243,367,363
At 28 February 233,367,363
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,69022,427
Bank borrowings and overdrafts132,048122,286
Amounts owed to related parties307,945289,105
Taxation and social security9,03731,724
Accrued liabilities and deferred income1,6092,184
Total455,329467,726
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,007,4471,050,864
Amounts owed to related parties1,600,0001,600,000
Total2,607,4472,650,864
6.Related party transactions
At the Balance Sheet date the company owed to the director £1,884,077 (2023: £1,865,237).