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REGISTERED NUMBER: 11030312 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Ahir Properties Limited

Ahir Properties Limited (Registered number: 11030312)

Contents of the Financial Statements

for the Year Ended 31 October 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Ahir Properties Limited

Company Information

for the Year Ended 31 October 2024

| DIRECTORS: | Mr Rajesh Ahir

| Mrs Bimla Rani Ahir

| REGISTERED OFFICE: | 94 Collenswood Road

| Stevenage

| SG2 9HD

| REGISTERED NUMBER: | 11030312 (England and Wales)

| ACCOUNTANTS: | Chris Pantazis Ltd T/A CPS & Co

| Chartered Accountants

| 10A Aldermans Hill

| Palmers Green

| London

| N13 4PJ

Ahir Properties Limited (Registered number: 11030312)

Balance Sheet

31 October 2024

| 31.10.24 | 31.10.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 30,612,955 |  | 33,158,607 |  |

CURRENT ASSETS

Debtors | 5 | 35,926 |  | 286,147 |  |

Cash at bank and in hand | 1,594,469 |  | 350,028 |  |

1,630,395 |  | 636,175 |  |

CREDITORS

Amounts falling due within one year | 6 | 257,848 |  | 427,979 |  |

NET CURRENT ASSETS | 1,372,547 |  | 208,196 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 31,985,502 |  | 33,366,803 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (13,467,216 | ) | (14,503,690 | ) |

PROVISIONS FOR LIABILITIES | 9 | (12,182 | ) | (12,182 | ) |

NET ASSETS | 18,506,104 |  | 18,850,931 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 18,333,940 |  | 18,333,940 |  |

Revaluation reserve | 11 | 64,114 |  | 64,114 |  |

Retained earnings | 11 | 108,050 |  | 452,877 |  |

SHAREHOLDERS' FUNDS | 18,506,104 |  | 18,850,931 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ahir Properties Limited (Registered number: 11030312)

Balance Sheet - continued

31 October 2024

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 22 October 2025 and were signed on its behalf by:

Mr Rajesh Ahir - Director

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements

for the Year Ended 31 October 2024

1. | STATUTORY INFORMATION

| Ahir Properties 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.

| Turnover

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

| Tangible fixed assets

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

| Computer equipment | - | 25% on reducing balance

| 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.

| 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 4 (2023 - 4 ) .

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

4. | TANGIBLE FIXED ASSETS

| Freehold |

| & Leasehold |  | Computer |

| Prop |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 November 2023 | 33,156,000 |  | 5,762 |  | 33,161,762 |  |

| Additions | 165,000 |  | - |  | 165,000 |  |

| Disposals | (2,710,000 | ) | - |  | (2,710,000 | ) |

| At 31 October 2024 | 30,611,000 |  | 5,762 |  | 30,616,762 |  |

| DEPRECIATION

| At 1 November 2023 | - |  | 3,155 |  | 3,155 |  |

| Charge for year | - |  | 652 |  | 652 |  |

| At 31 October 2024 | - |  | 3,807 |  | 3,807 |  |

| NET BOOK VALUE

| At 31 October 2024 | 30,611,000 |  | 1,955 |  | 30,612,955 |  |

| At 31 October 2023 | 33,156,000 |  | 2,607 |  | 33,158,607 |  |

| Cost or valuation at 31 October 2024 is represented by:

| Freehold |

| & Leasehold |  | Computer |

| Prop |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2024 | 165,000 |  | - |  | 165,000 |  |

| Valuation in 2024 | (2,710,000 | ) | - |  | (2,710,000 | ) |

| Cost | 33,156,000 |  | 5,762 |  | 33,161,762 |  |

30,611,000 |  | 5,762 |  | 30,616,762 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Other debtors | 19,709 |  | 5,000 |  |

| Directors' current accounts | - |  | 272,676 |  |

| Prepayments and accrued income | 16,217 |  | 8,471 |  |

35,926 |  | 286,147 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Bank loans and overdrafts (see note 8) | 10,532 |  | 10,782 |  |

| Other loans (see note 8) | 13,000 |  | 100,000 |  |

| Tax | 127,370 |  | 206,346 |  |

| Other creditors | 78,446 |  | 84,058 |  |

| PAYE & NI | - |  | 693 |  |

| Accrued expenses | 28,500 |  | 26,100 |  |

257,848 |  | 427,979 |  |

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Bank loans (see note 8) | 13,090,761 |  | 14,127,235 |  |

| Other loans (see note 8) | 376,455 |  | 376,455 |  |

13,467,216 |  | 14,503,690 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more than 5 years | 13,085,401 |  | 14,112,239 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 31.10.24 |  | 31.10.23

£ | £ |

| Amounts falling due within one year or on demand:

| Bank Loan | 10,532 |  | 10,782 |  |

| Other Loans less than one year | 13,000 |  | 100,000 |  |

23,532 |  | 110,782 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | 376,455 |  | 376,455 |  |

| Amounts falling due between two and five years:

| Bounce Bank loan | 5,360 |  | 14,996 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more than 5 years | 13,085,401 |  | 14,112,239 |  |

9. | PROVISIONS FOR LIABILITIES

| 31.10.24 |  | 31.10.23

£ | £ |

| Deferred tax | 12,182 |  | 12,182 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2023 | 12,182 |  |

| Balance at 31 October 2024 | 12,182 |  |

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.24 |  | 31.10.23

| value: | £ | £ |

| 2 | Ordinary | £1.00 | 2 |  | 2 |  |

| 98 | Ordinary | £187,081 | 18,333,938 |  | 18,333,938 |  |

18,333,940 |  | 18,333,940 |  |

11. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 November 2023 | 452,877 |  | 64,114 |  | 516,991 |  |

| Deficit for the year | (244,827 | ) | (244,827 | ) |

| Dividends | (100,000 | ) | (100,000 | ) |

| At 31 October 2024 | 108,050 |  | 64,114 |  | 172,164 |  |