REGISTERED NUMBER: 09333970 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Harsimran Properties LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H S Bhatia

H S Bhatia

REGISTERED OFFICE:

Trimex House

Pier Road

Feltham

Middlesex

TW14 0TW

REGISTERED NUMBER:

09333970 (England and Wales)

ACCOUNTANTS:

SK Associates Ltd

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

FIXED ASSETS

Tangible assets

4

1,730,039

1,275,934

CURRENT ASSETS

Debtors

5

394,012

193,500

Prepayments and accrued income

6,979

1,533

Cash at bank

44,176

139,728

445,167

334,761

CREDITORS

Amounts falling due within one year

6

1,305,061

1,001,659

NET CURRENT LIABILITIES

(859,894

)

(666,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

870,145

609,036

CREDITORS

Amounts falling due after more than one year

7

(795,308

)

(451,706

)

PROVISIONS FOR LIABILITIES

(30,876

)

(30,876

)

NET ASSETS

43,961

126,454

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

122,050

122,050

Retained earnings

(78,189

)

4,304

43,961

126,454

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

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

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 18 August 2025 and were signed on its behalf by:

H S Bhatia - Director

1.	STATUTORY INFORMATION

Harsimran Properties LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2024

1,275,934

Additions

454,105

At 31 December 2024

1,730,039

NET BOOK VALUE

At 31 December 2024

1,730,039

At 31 December 2023

1,275,934

Cost or valuation at 31 December 2024 is represented by:

Freehold

property

£

Valuation in 2024

1,730,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

394,012

193,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

94,230

54,523

Trade creditors

1

(1

)

Taxation and social security

120

1,174

Other creditors

1,210,710

945,963

1,305,061

1,001,659

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

795,308

451,706

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

889,538

506,229

9.

RESERVES

Revaluatio

reserve

£

At 1 January 2024

and 31 December 2024

122,050

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

H S Bhatia

Balance outstanding at start of year

36,856

25,975

Amounts advanced

-

10,881

Amounts repaid

(2,628

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,228

36,856

H S Bhatia

Balance outstanding at start of year

36,856

25,975

Amounts advanced

-

10,881

Amounts repaid

(2,628

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,228

36,856

11.	RELATED PARTY DISCLOSURES

At the balance sheet date other creditors include an interest free loan of £45,000 (2023 - £45,000) from Zabka London Limited and £832,860 (2023 - £586,880) from Trimex UK Limited and £55,000 (2023 - £55,000) from Trimex Food and Wine Limited in these companies Mr H S Bhatia is the director and holds 50% shares. These loans were taken to finance the purchase of the investment properties. This loan is unsecured, interest free and repayable on demand. It It will definitely become repayable at the sale of the investment property