PANESAR PROPERTIES (UK) LTD.

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

T S Panesar

NS Panesar

SS Panesar

Mrs G K Panesar

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

08861312 (England and Wales)

ACCOUNTANT:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds Bank plc

6 Park Row Branch

Leeds

West Yorkshire

LS1 5HD

FIXED ASSETS

Tangible assets

4

2,424,265

2,228,506

CURRENT ASSETS

Debtors

5

7,725

35,725

Cash at bank and in hand

34,308

23,819

42,033

59,544

CREDITORS

Amounts falling due within one year

6

189,478

163,379

NET CURRENT LIABILITIES

(147,445

)

(103,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,276,820

2,124,671

CREDITORS

Amounts falling due after more than one year

7

2,006,771

1,917,524

NET ASSETS

270,049

207,147

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

269,849

206,947

SHAREHOLDERS' FUNDS

270,049

207,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 21 August 2025 and were signed on its behalf by:

NS Panesar - Director

1.	STATUTORY INFORMATION

Panesar Properties (UK) Ltd. 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

The turnover represents rent receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

2,029,408

146,912

87,960

1,500

2,265,780

Additions

204,012

-

-

-

204,012

At 30 April 2025

2,233,420

146,912

87,960

1,500

2,469,792

DEPRECIATION

At 1 May 2024

-

-

36,275

999

37,274

Charge for year

-

-

7,753

500

8,253

At 30 April 2025

-

-

44,028

1,499

45,527

NET BOOK VALUE

At 30 April 2025

2,233,420

146,912

43,932

1

2,424,265

At 30 April 2024

2,029,408

146,912

51,685

501

2,228,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

2,725

725

Panesar Propert. Yorkshire Ltd

5,000

35,000

7,725

35,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

34,712

34,712

Tenants bond

8,550

6,250

Tax

20,434

7,904

Directors' loan accounts

108,509

98,555

Accrued expenses

17,273

15,958

189,478

163,379

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans more 5 yr by instal

274,571

290,324

Loans

330,000

320,000

Director loan account

1,402,200

1,307,200

2,006,771

1,917,524

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

274,571

290,324

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

309,283

325,036

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

earnings

£

At 1 May 2024

206,947

Profit for the year

62,902

At 30 April 2025

269,849