BHAVA LONDON LTD

Company Registration Number:
14937672 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 15 June 2023

End date: 30 June 2024

BHAVA LONDON LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

BHAVA LONDON LTD

Balance sheet

As at 30 June 2024


Notes

13 months to 30 June 2024


£
Called up share capital not paid: 1
Fixed assets
Tangible assets: 3 955,371
Total fixed assets: 955,371
Current assets
Debtors:   3,680
Cash at bank and in hand: 4,483
Total current assets: 8,163
Creditors: amounts falling due within one year: 4 (6,000)
Net current assets (liabilities): 2,163
Total assets less current liabilities: 957,535
Creditors: amounts falling due after more than one year: 5 (986,562)
Total net assets (liabilities): (29,027)
Capital and reserves
Called up share capital: 1
Profit and loss account: (29,028)
Shareholders funds: (29,027)

The notes form part of these financial statements

BHAVA LONDON 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 LONDON 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 LONDON 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 LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
Additions 955,371
At 30 June 2024 955,371
Depreciation
Charge for year 0
At 30 June 2024 0
Net book value
At 30 June 2024 955,371

BHAVA LONDON 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 falling due within one year is £6,000 payable to Bhava Holding Ltd, the parent company, in respect of management and consultancy services relating to the initial group structuring and support during the property acquisition phase. This amount remains unpaid at the year-end and is expected to be settled in the following financial year. This amount is payable to a related party and is disclosed in the Related Party Transactions note.

BHAVA LONDON 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 a balance of £986,562 relating to an intercompany loan from Bhava Holding Ltd, the parent company. This loan was advanced to finance the acquisition and development of the company’s property. The loan: Is unsecured; Is repayable on demand, although repayment is not expected within the next 12 months; Accrues interest at 3.5% per annum from the date of each disbursement. Interest charged but not yet paid at the year-end is included within accrued expenses under creditors. This loan is from a related party and has been disclosed in the Related Party Transactions note."

BHAVA LONDON LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Related party transactions

Name of the related party: Bhava Holding Ltd
Relationship:
Parent company
Description of the Transaction: "a) Loan from Parent – Bhava Holding Ltd During the year, Bhava London Ltd received funds from its parent company, Bhava Holding Ltd, for the use of purchase and renovation of a commercial property. Interest is charged at 3.5% per annum on amounts received from their respective dates. The balance as of year end is £986,562 including interest accrual. b) Management Fee owned to Bhava London Ltd Intercompany recharged of £6000 from Bhava Holding Ltd in respect of group advisory and structuring costs accured. "
£
Balance at 30 June 2024 992,562