REGISTERED NUMBER: 02997622 (England and Wales)

AGRASAV LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Dr R L Agrawal

Mrs S Agrawal

SECRETARY:

Ms A Boucher

REGISTERED OFFICE:

6 Redcroft Lane

Bursledon

Southampton

Hampshire

SO31 8GS

REGISTERED NUMBER:

02997622 (England and Wales)

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agrasav Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Agrasav Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agrasav Limited. You consider that Agrasav 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 financial statements of Agrasav 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 financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

26 September 2025

FIXED ASSETS

Tangible assets

4

1,518

249

Investment property

5

1,706,500

1,723,246

1,708,018

1,723,495

CURRENT ASSETS

Debtors

6

2,202

4,684

Cash at bank

390,488

333,191

392,690

337,875

CREDITORS

Amounts falling due within one year

7

53,197

52,731

NET CURRENT ASSETS

339,493

285,144

TOTAL ASSETS LESS CURRENT LIABILITIES

2,047,511

2,008,639

PROVISIONS FOR LIABILITIES

8

155,179

159,054

NET ASSETS

1,892,332

1,849,585

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,892,232

1,849,485

1,892,332

1,849,585

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 26 September 2025 and were signed on its behalf by:

Dr R L Agrawal - Director

1.	STATUTORY INFORMATION

Agrasav Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02997622 and its registered office address is 6 Redcroft Lane, Bursledon, Southampton, Hampshire, SO31 8GS.

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Going concern

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

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Key sources of estimation uncertainty:

1) Fair value of investment property

The fair value of the property is subject to estimation by the directors. In considering the fair value, directors review rental yields, market conditions and reference to external professional valuations.

Turnover

Turnover is measured at the fair value of the rent received.

Tangible fixed assets

All fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings

- 30% reducing balance

Office equipment

- 33% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Investment property

Investment property is shown at fair value as estimated by the directors. Any movement in fair value is recognised in the income statement. Deferred tax is recognised on any fair value adjustments.

Financial instruments

The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

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 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 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

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

2,954

3,363

6,317

Additions

1,029

580

1,609

At 31 December 2024

3,983

3,943

7,926

DEPRECIATION

At 1 January 2024

2,843

3,225

6,068

Charge for year

59

281

340

At 31 December 2024

2,902

3,506

6,408

NET BOOK VALUE

At 31 December 2024

1,081

437

1,518

At 31 December 2023

111

138

249

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,723,246

Revaluations

(16,746

)

At 31 December 2024

1,706,500

NET BOOK VALUE

At 31 December 2024

1,706,500

At 31 December 2023

1,723,246

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

631,328

Valuation in 2020

58,500

Valuation in 2021

91,500

Valuation in 2022

16,500

Valuation in 2023

(26,000

)

Valuation in 2024

(16,746

)

Cost

951,418

1,706,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

251

-

Prepayments and accrued income

1,951

4,684

2,202

4,684

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Social security and other taxes

14,493

8,765

Other creditors

100

76

Directors' current accounts

17,545

6,501

Accruals and deferred income

21,059

37,389

53,197

52,731

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

155,179

159,054

Deferred tax

£

Balance at 1 January 2024

159,054

Provided during year

(3,875

)

Balance at 31 December 2024

155,179

The deferred tax provision relates to fair value movements on the investment properties.