Badwal Investments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Badwal Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09389176 . The registered office is Unit 44-45 Darlaston Central Trading Estate, Salisbury Street, Wednesbury, West Midlands, WS10 8XB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

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

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of property in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives. Depreciation is not charged on land and buildings due to regular refurbishment and development of the properties. Therefore, the director is of the opinion that any depreciation will be negligible.

Freehold

Not depreciated

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Badwal Investments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

2.8. 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.

2.9. Other accounting policies

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. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 February 2024	467,855

As at 31 January 2025	467,855

Net Book Value
As at 31 January 2025	467,855

As at 1 February 2024	467,855

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	690	-
Other debtors	1,292	1,487

	1,982	1,487

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Badwal Investments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	10,030	8,113
Amounts owed to participating interests	-	35,000
Other creditors	2,298	1,205
Taxation and social security	10,349	9,221

	22,677	53,539

Creditors include bank loans which are secured of £7,693, (2024: £5,664) and an unsecured Bounce Back Loan of £2,337 (2024: £2,449).

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	153,066	162,199
Other creditors	100,312	109,900

	253,378	272,099

Creditors include bank loans which are secured of £152,192 (2024: £159,101) and an unsecured Bounce Back Loan of £874 (2024: £3,098).

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		467,855		467,855

			467,855		467,855
CURRENT ASSETS
Debtors	5	1,982		1,487
Cash at bank and in hand		20,020		27,242

		22,002		28,729
Creditors: Amounts Falling Due Within One Year	6	(22,677 )		(53,539 )

NET CURRENT ASSETS (LIABILITIES)			(675 )		(24,810 )

TOTAL ASSETS LESS CURRENT LIABILITIES			467,180		443,045

Creditors: Amounts Falling Due After More Than One Year	7		(253,378 )		(272,099 )

NET ASSETS			213,802		170,946

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			213,702		170,846

SHAREHOLDERS' FUNDS			213,802		170,946