REGISTERED NUMBER: 13989704 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bilston Shopping Centre Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A F A Pabani

A Pabani

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

13989704 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

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 Bilston Shopping Centre Limited for the year ended 31 March 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 Bilston Shopping Centre 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 Bilston Shopping Centre Limited and state those matters that we have agreed to state to the Board of Directors of Bilston Shopping Centre 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 Bilston Shopping Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bilston Shopping Centre 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 loss of Bilston Shopping Centre Limited. You consider that Bilston Shopping Centre 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 Bilston Shopping Centre 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.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

29 September 2025

FIXED ASSETS

Investment property

4

3,651,517

-

CURRENT ASSETS

Debtors

5

289,695

-

Cash at bank

566,303

1

855,998

1

CREDITORS

Amounts falling due within one year

6

2,488,017

192

NET CURRENT LIABILITIES

(1,632,019

)

(191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,019,498

(191

)

CREDITORS

Amounts falling due after more than one year

7

2,029,049

-

NET LIABILITIES

(9,551

)

(191

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(9,552

)

(192

)

(9,551

)

(191

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 September 2025 and were signed on its behalf by:

A F A Pabani - Director

1.	STATUTORY INFORMATION

Bilston Shopping Centre 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rental income from UK properties owned by the company and is recognised on a straight line basis over the term of the lease. Revenue is recognised at the fair value of the consideration, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property, which is property held to earn rentals and/or for 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. Changes in fair value are recognised in profit or loss.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

3,651,517

At 31 March 2024

3,651,517

NET BOOK VALUE

At 31 March 2024

3,651,517

In the opinion of the directors, the fair value of the investment property is not significantly different from the value disclosed in the accounts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/24

31/3/23

£

£

Trade debtors

80,768

-

Other debtors

208,927

-

289,695

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/24

31/3/23

£

£

Bank loans and overdrafts

29,790

-

Trade creditors

230,089

-

Taxation and social security

67,264

-

Other creditors

2,160,874

192

2,488,017

192

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/24

31/3/23

£

£

Bank loans

2,029,049

-

The bank loan is secured by personal guarantees provided by the directors, together with fixed and floating charges (debentures) over the assets of the company and those of a related undertaking.

8.	RELATED PARTY DISCLOSURES

Included in Other creditors is an amount of £1,581,658 owed to Covehall Ltd, a company in which MR AFA Pabani is a director and shareholder.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their indirect shareholding in the company's issued share capital.