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Registration number: 11430122

Sheeva Properties UK Limited
Unaudited Filleted Financial Statements
for the Year Ended 29 December 2024

Sheeva Properties UK Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Sheeva Properties UK Limited

Company Information

Directors | Mr H Patel Mrs A Patel

Registered office | 1 Bond Street Colne Lancashire BB8 9DG

Accountants | Hargreaves Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sheeva Properties UK Limited
for the Year Ended 29 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sheeva Properties UK Limited for the year ended 29 December 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Sheeva Properties UK Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Sheeva Properties UK Limited and state those matters that we have agreed to state to the Board of Directors of Sheeva Properties UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheeva Properties UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sheeva Properties UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sheeva Properties UK Limited. You consider that Sheeva Properties UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sheeva Properties UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

10 September 2025

Sheeva Properties UK Limited

(Registration number: 11430122)
Balance Sheet as at 29 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investments | 4 | 1,873,914 | 1,849,394
Current assets |  |  |
Debtors | 5 | 61,470 | 61,287
Cash at bank and in hand |  | 301,979 | 250,275
|  | 363,449 | 311,562
Creditors: Amounts falling due within one year | 6 | (1,187,907) | (1,124,170)
Net current liabilities |  | (824,458) | (812,608)
Net assets |  | 1,049,456 | 1,036,786
Capital and reserves |  |  |
Called up share capital |  | 52 | 52
Retained earnings |  | 1,049,404 | 1,036,734
Shareholders' funds |  | 1,049,456 | 1,036,786

For the financial year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 September 2025 and signed on its behalf by:

......................................... Mr H Patel Director

Sheeva Properties UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

These financial statements were authorised for issue by the Board on 10 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Sheeva Properties UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

4 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 1,873,914 | 1,849,394

Sheeva Properties UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 December 2024

Subsidiaries | £
Cost or valuation
At 30 December 2023 | 1,849,394
Additions | 24,520
At 29 December 2024 | 1,873,914
Provision
Carrying amount
At 29 December 2024 | 1,873,914
At 29 December 2023 | 1,849,394

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2024 | 2023
Subsidiary undertakings
Forster Place (Bradford) Limited | England and Wales | Ordinary | 100% | 99.52%
Sheeva Corporation | Liechtenstein | Ordinary | 100% | 100%
Alpha House (Bradford) Limited | England and Wales | Ordinary | 100% | 100%
Himami Leeds Limited | England and Wales | Ordinary | 100% | 0%
Himami Westminster Limited | England and Wales | Ordinary | 100% | 0%
Himami Marsham Limited | England and Wales | Ordinary | 100% | 0%

Sheeva Properties UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 December 2024

Forster Place (Bradford) Limited
The principal activity of Forster Place (Bradfrod) Limited is a property investment company. The aggregate amount of Capital and reserves at the end of the period was £1,926,237 (2023 - £1,927,185).
Sheeva Corporation
The principal activity of Sheeva Corporation is property rental. The aggregate amount of Capital and reserves at the end of the period end was £460,240 (2023 - £420,098).
Alpha House (Bradford) Limited
The principal activity of Alpha House (Bradford) Limited is property rental. The aggregate amount of Capital and reserves at the period end of 30 June 2023 was £11,143.
Himami Leeds Limited
The principal activity of Himami Leeds Limited is property rental. There was no trading activity during the year.
Himami Westminster Limited
The principal activity of Himami Westminster Limited is property rental. There was no trading activity during the year.
Himami Marsham Limited
The principal activity of Himami Marsham Limited is property rental. There was no trading activity during the year.

Sheeva Properties UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 December 2024

5 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 7 | 61,300 | 61,046
Prepayments |  | 118 | 189
Other debtors |  | 52 | 52
|  | 61,470 | 61,287

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 1,614 | -
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 429,390 | 343,167
Taxation and social security | 5,125 | 30,752
Accruals and deferred income | 1,550 | 3,060
Other creditors | 750,228 | 747,191
| 1,187,907 | 1,124,170

7 | Related party transactions

Summary of transactions with subsidiaries

Himami Leeds Limited
Sheeva Properties Limited advanced loan facilities to Himami Leeds Limited.
The loan of £61,300 (2023 - £61,046) has been classed as a debtor repayable within one year.