BHAVA HOLDING LTD

Company Registration Number:
14928348 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 12 June 2023

End date: 30 June 2024

BHAVA HOLDING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

BHAVA HOLDING LTD

Balance sheet

As at 30 June 2024


Notes

13 months to 30 June 2024


£
Called up share capital not paid: 2
Fixed assets
Investments: 3 986,562
Total fixed assets: 986,562
Current assets
Debtors:   15,400
Cash at bank and in hand: 235,544
Total current assets: 250,944
Creditors: amounts falling due within one year: 4 (6,000)
Net current assets (liabilities): 244,944
Total assets less current liabilities: 1,231,508
Creditors: amounts falling due after more than one year: 5 (1,233,654)
Total net assets (liabilities): (2,146)
Capital and reserves
Called up share capital: 2
Profit and loss account: (2,148)
Shareholders funds: (2,146)

The notes form part of these financial statements

BHAVA HOLDING LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: Y Shi
Status: Director

The notes form part of these financial statements

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

13 months to 30 June 2024
Average number of employees during the period 0

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Fixed investments

As at 30/06/2024, the company has advanced a loan of £986,562 to its wholly owned subsidiary, Bhava London Ltd, to fund the acquisition, refurbishment, and operation of a mixed-use commercial property in London. This intercompany loan is unsecured, bears interest at a commercial rate of 3.5% per annum, and is repayable on demand, though not expected to be settled within the next twelve months. The directors consider this amount to represent a long-term investment in the subsidiary, and it is therefore presented under fixed asset investments in accordance with FRS 102. The directors have reviewed the financial position of Bhava London Ltd and consider the carrying value of this investment to be fully recoverable.

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

Included within creditors due within one year is an amount of £6,000 representing a consultancy relating to professional advisory services provided to Bhava Holding Ltd in connection with the establishment of the group structure and the acquisition of property by its subsidiary, Bhava London Ltd.

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

Included within creditors falling due after more than one year is an amount of £1,233,654, representing loan principle plus interest provided by the shareholders of the company. In accordance with the loan agreement, the shareholders lent to Bhava Holding Ltd to finance investment in group operations and property acquisition. The loans are to be drawn down in tranches. Interest is charged at 3.5% per annum, calculated on the actual amounts disbursed and accruing from the respective dates of each advance. The total accrued interest to the year-end is treated as a non-current liability as it is not expected to be settled within the next twelve months. These loans are from related parties and have been disclosed accordingly under Related Party Transactions.

BHAVA HOLDING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Related party transactions

Name of the related party:
Relationship:
Subsidiary
Description of the Transaction: a) Loan to Subsidiary – Bhava London Ltd During the year, Bhava Holding Ltd advanced funds to its wholly owned subsidiary, Bhava London Ltd, to support the purchase and renovation of a commercial property. Interest is charged at 3.5% per annum on amounts drawn from their respective dates totalling £986562 b) Management Fee Charged to Bhava London Ltd The company recharged £6000 to Bhava London Ltd in respect of group advisory and structuring costs incurred on its behalf. This amount was invoiced as a management service fee.
£
Balance at 30 June 2024 992,562
Name of the related party:
Relationship:
Shareholders
Description of the Transaction: "During the year, the shareholders of Bhava Holding Ltd provided loan of £1,202,000 funding intended to support group investment and property acquisition Interest on the shareholder loans is charged at 3.5% per annum in accordance with the loan agreement. Interest accrued but unpaid to shareholders as at year end amounted to £31,654. The loans are unsecured and repayable on demand. All related party transactions were made on an arm’s length basis. No guarantees have been given or received, and no related party balances were written off during the year."
£
Balance at 30 June 2024 1,233,654