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REGISTERED NUMBER: 12845756 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Balada Group Ltd

Balada Group Ltd (Registered number: 12845756)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Balada Group Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: H S Toor
G S Dhillon
A Dhillon





REGISTERED OFFICE: 4 Station Parade
Ruislip
HA4 7DL





REGISTERED NUMBER: 12845756 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Balada Group Ltd (Registered number: 12845756)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 11,978 1,600
Investment property 4 2,544,488 2,011,762
2,556,466 2,013,362

CURRENT ASSETS
Debtors 5 25,487 59,408
Cash at bank 32,599 33,340
58,086 92,748
CREDITORS
Amounts falling due within one year 6 (378,058 ) (925,697 )
NET CURRENT LIABILITIES (319,972 ) (832,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,236,494

1,180,413

CREDITORS
Amounts falling due after more than one year 7 (2,016,278 ) (880,838 )

PROVISIONS FOR LIABILITIES (77,366 ) (82,451 )
NET ASSETS 142,850 217,124

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 8 329,823 351,500
Retained earnings (186,976 ) (134,379 )
142,850 217,124

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

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

Balada Group Ltd (Registered number: 12845756)

Balance Sheet - continued
31 August 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 27 May 2025 and were signed on its behalf by:





H S Toor - Director


Balada Group Ltd (Registered number: 12845756)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. 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.
Fixtures and fittings - 20% on reducing balance

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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

2. EMPLOYEES AND DIRECTORS

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

Balada Group Ltd (Registered number: 12845756)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 2,452
Additions 11,090
At 31 August 2024 13,542
DEPRECIATION
At 1 September 2023 852
Charge for year 712
At 31 August 2024 1,564
NET BOOK VALUE
At 31 August 2024 11,978
At 31 August 2023 1,600

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,011,762
Additions 559,488
Revaluations (26,762 )
At 31 August 2024 2,544,488
NET BOOK VALUE
At 31 August 2024 2,544,488
At 31 August 2023 2,011,762

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 112,550
Valuation in 2022 178,686
Valuation in 2023 142,715
Valuation in 2024 26,762
Cost 2,083,775
2,544,488

Balada Group Ltd (Registered number: 12845756)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY - continued

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 300 35,970
Prepayments and accrued income 25,187 23,438
25,487 59,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 124,252 124,252
Other loans - 628,161
Other creditors 133,088 165,307
Pension payable 34 -
Directors' current accounts 119,680 7,167
Accrued expenses 1,004 810
378,058 925,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 2,016,278 453,478
Other loans more than 5 yr - 427,360
2,016,278 880,838

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,016,278 453,478
Other loans more than 5 yr - 427,360
2,016,278 880,838

Balada Group Ltd (Registered number: 12845756)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any
distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.