Company Registration No. 13969942 (England and Wales)
Balbir Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Balbir Properties Limited
Unaudited accounts
Contents
Balbir Properties Limited
Company Information
for the year ended 31 March 2025
Directors
Gurbachan Balbir Singh Ghataoura
Gurjit Kaur Ghataoura
Company Number
13969942 (England and Wales)
Registered Office
Balbir House
Vishkarma Park
Norton Green Road
Stevenage
Hertfordshire
SG1 2BA
United Kingdom
Accountants
McCabe Accounting Limited
51 Brixham Close
Stevenage
SG1 2RZ
Balbir Properties Limited
Statement of financial position
as at 31 March 2025
Tangible assets
8,657
11,062
Investment property
2,250,000
2,250,000
Investments
214,920
135,000
Cash at bank and in hand
6,380
62,834
Creditors: amounts falling due within one year
(134,218)
(60,738)
Net current (liabilities)/assets
(103,308)
17,650
Total assets less current liabilities
2,370,269
2,413,712
Creditors: amounts falling due after more than one year
(833,774)
(888,670)
Provisions for liabilities
Deferred tax
(290,355)
(290,812)
Net assets
1,246,140
1,234,230
Called up share capital
2
2
Revaluation reserve
1,230,816
1,230,816
Profit and loss account
15,322
3,412
Shareholders' funds
1,246,140
1,234,230
For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by
Gurbachan Balbir Singh Ghataoura
Director
Company Registration No. 13969942
Balbir Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Balbir Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13969942. The registered office is Balbir House, Vishkarma Park, Norton Green Road, Stevenage, Hertfordshire, SG1 2BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the value of fees receivable exclusive of Value Added Tax and is recognised when the service has been provided. The whole of the turnover is attributable to fees receivable from rental income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Balbir Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
2,250,000
At 31 March 2025
2,250,000
The investment property was valued on an open market basis on 28 February 2023 by Davies & Co Chartered Surveyors. In the opinion of the directors, the market value as at March 2025 is not materially different to that as at the valuation date.
6
Investments
Other investments
Valuation at 1 April 2024
135,000
Valuation at 31 March 2025
214,920
Amounts falling due within one year
Accrued income and prepayments
16,984
-
Other debtors
5,994
13,827
Balbir Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
25,239
2,096
Taxes and social security
6,001
9,289
Other creditors
71,756
49,353
9
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
833,774
888,670
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).