REGISTERED NUMBER: 04991942 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SEVA PATIDAR LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Hemant K Patel

Hement Patel

Y Patel

REGISTERED OFFICE:

9 Churchill Court

58 Station Road

North Harrow

HA2 7SA

REGISTERED NUMBER:

04991942 (England and Wales)

ACCOUNTANTS:

Chapmans

Chartered Accountants

9 Churchill Court

58 Station Road

North Harrow

HA2 7SA

FIXED ASSETS

Intangible assets

4

48,009

81,309

Tangible assets

5

1,822,489

1,419,344

Investments

6

53,780

53,780

1,924,278

1,554,433

CURRENT ASSETS

Stocks

177,860

138,425

Debtors

7

74,195

108,965

Cash at bank and in hand

70,308

279,771

322,363

527,161

CREDITORS

Amounts falling due within one year

8

428,987

328,899

NET CURRENT (LIABILITIES)/ASSETS

(106,624

)

198,262

TOTAL ASSETS LESS CURRENT LIABILITIES

1,817,654

1,752,695

CREDITORS

Amounts falling due after more than one year

9

(728,893

)

(694,556

)

PROVISIONS FOR LIABILITIES

(44,063

)

(19,777

)

NET ASSETS

1,044,698

1,038,362

CAPITAL AND RESERVES

Called up share capital

142

142

Retained earnings

1,044,556

1,038,220

SHAREHOLDERS' FUNDS

1,044,698

1,038,362

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:

Y Patel - Director

1.	STATUTORY INFORMATION

Seva Patidar 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2004 and 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Depreciation provided on Building cost only. Land costing £280,000 is not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks have been values at the lower of cost and estimated selling price less costs to sell.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

596,002

AMORTISATION

At 1 January 2024

514,693

Charge for year

33,300

At 31 December 2024

547,993

NET BOOK VALUE

At 31 December 2024

48,009

At 31 December 2023

81,309

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,444,164

454,452

-

9,958

1,908,574

Additions

300,814

129,636

56,590

-

487,040

At 31 December 2024

1,744,978

584,088

56,590

9,958

2,395,614

DEPRECIATION

At 1 January 2024

111,200

369,572

-

8,458

489,230

Charge for year

29,299

42,903

11,318

375

83,895

At 31 December 2024

140,499

412,475

11,318

8,833

573,125

NET BOOK VALUE

At 31 December 2024

1,604,479

171,613

45,272

1,125

1,822,489

At 31 December 2023

1,332,964

84,880

-

1,500

1,419,344

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

50,000

3,780

53,780

NET BOOK VALUE

At 31 December 2024

50,000

3,780

53,780

At 31 December 2023

50,000

3,780

53,780

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

74,195

108,965

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,778

539

Taxation and social security

78,740

57,771

Other creditors

348,469

270,589

428,987

328,899

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,787

38,040

Amounts owed to group undertakings

651,516

651,516

Other creditors

46,590

5,000

728,893

694,556

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:

2024

2023

£

£

Hemant K Patel

Balance outstanding at start of year

44,006

-

Amounts advanced

93,482

44,006

Amounts repaid

(118,575

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,913

44,006

Y Patel

Balance outstanding at start of year

44,006

-

Amounts advanced

93,482

44,006

Amounts repaid

(118,575

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,913

44,006

11.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £149,750 (2023: £57,000) to the directors of the company.

Other creditors includes loans of £249,145 (2023: £249,145) due to Patidar Limited, a company related by common directorship and ownership. The loans are interest free and repayable on demand

There are loan relationships between the company and its fully owned subsidiary JP Retailers Limited. At the end of the year interest free loans amounting to £651,516 (2023: £651,516) were payable by J P Retailers Ltd.