REGISTERED NUMBER: 07929398 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Balgores Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P A Austin

REGISTERED OFFICE:

10 High Street

Wickford

Essex

SS12 9AZ

REGISTERED NUMBER:

07929398 (England and Wales)

ACCOUNTANTS:

Edison and Co

Chartered Certified Accountants

29 Herbert Road

Hornchurch

Essex

RM11 3LH

FIXED ASSETS

Tangible assets

4

3,488

4,650

Investment property

5

2,036,606

2,548,881

2,040,094

2,553,531

CURRENT ASSETS

Debtors

6

850

1,640

Cash at bank

428,832

17,653

429,682

19,293

CREDITORS

Amounts falling due within one year

7

1,097,481

1,162,067

NET CURRENT LIABILITIES

(667,799

)

(1,142,774

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,372,295

1,410,757

PROVISIONS FOR LIABILITIES

102,883

102,883

NET ASSETS

1,269,412

1,307,874

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

478,761

541,493

Retained earnings

790,551

766,281

SHAREHOLDERS' FUNDS

1,269,412

1,307,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 September 2025 and were signed by:

P A Austin - Director

1.	STATUTORY INFORMATION

Balgores Investments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis, the validity of which depends upon continued financial support by the creditors. The director is confident that the company will be able to continue with successful financial outcome and on this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a failure to obtain the above financial support.

Turnover

Turnover represents rental income receivable for the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property which is property held to earn rentals and or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or the deficit on revaluation is recognised in the balance sheet in a Fair Value reserve account.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

Vehicle

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

6,200

DEPRECIATION

At 1 February 2024

1,550

Charge for year

1,162

At 31 January 2025

2,712

NET BOOK VALUE

At 31 January 2025

3,488

At 31 January 2024

4,650

Cost or valuation at 31 January 2025 is represented by:

Plant and

machinery

etc

£

Cost

6,200

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

2,548,881

Additions

20,836

Disposals

(470,379

)

At 31 January 2025

2,099,338

DEPRECIATION

Revaluation adjustments

62,732

At 31 January 2025

62,732

NET BOOK VALUE

At 31 January 2025

2,036,606

At 31 January 2024

2,548,881

The properties were valued by the director who holds no qualifications in the property valuation but has extensive experience and knowledge of properties in the area. No valuation was obtained as in the opinion of the director, the fair value of the investment properties at the year end do not differ materially from that valued above.

Fair value at 31 January 2025 is represented by:

£

Valuation in 2018

616,186

Valuation in 2021

(26,694

)

Valuation in 2022

(47,998

)

Cost

1,557,844

2,099,338

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

750

1,540

Other debtors

100

100

850

1,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

20,580

4,032

Taxation and social security

109

-

Other creditors

1,076,792

1,158,035

1,097,481

1,162,067

8.

RESERVES

Fair

value

reserve

£

At 1 February 2024

541,493

Disposal of property

(62,732

)

At 31 January 2025

478,761

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Austin.