Poonam Doshi Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12033547

Poonam Doshi Ltd

Filleted Unaudited Financial Statements

31 January 2025

Poonam Doshi Ltd

Statement of Financial Position

31 January 2025

	31 Jan 25	30 Jun 24
Note	£	£

Fixed assets

Tangible assets	5	667,404	325

Current assets

Debtors	6	27,878	–
Cash at bank and in hand		1,158	318
		--------	----
		29,036	318

Creditors: amounts falling due within one year	7	221,784	22,094
		---------	--------
Net current liabilities		192,748	21,776
		---------	--------
Total assets less current liabilities		474,656	( 21,451)

Creditors: amounts falling due after more than one year	8	501,220	4,639
		---------	--------
Net liabilities		( 26,564)	( 26,090)
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 26,664)	( 26,190)
	--------	--------
Shareholders deficit	( 26,564)	( 26,090)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Poonam Doshi Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mrs P Doshi

Director

Company registration number: 12033547

Poonam Doshi Ltd

Notes to the Financial Statements

Period from 1 July 2024 to 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Spencefield Lane, Leicester, Leicestershire, LE5 6PT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 January 2025 the company's liablilitiers exceed it's assets by £26,564 (2024: £26,090). However, the directors have confirmed that they will continue to financially support the company for the forseeable future and therefore consider that the financial statements are correctly prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of rents receivable.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

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

	Franchise	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Intangible assets

	Franchise
	£
Cost
At 1 July 2024	14,995
Additions	–
Disposals	( 14,995)
	--------
At 31 January 2025	–
	--------
Amortisation
At 1 July 2024	14,995
Charge for the period	–
Disposals	( 14,995)
	--------
At 31 January 2025	–
	--------
Carrying amount
At 31 January 2025	–
	--------
At 30 June 2024	–
	--------

5. Tangible assets

	Investment property	Equipment	Total
	£	£	£
Cost
At 1 July 2024	–	1,312	1,312
Additions	667,126	–	667,126
	---------	-------	---------
At 31 January 2025	667,126	1,312	668,438
	---------	-------	---------
Depreciation
At 1 July 2024	–	987	987
Charge for the period	–	47	47
	---------	-------	---------
At 31 January 2025	–	1,034	1,034
	---------	-------	---------
Carrying amount
At 31 January 2025	667,126	278	667,404
	---------	-------	---------
At 30 June 2024	–	325	325
	---------	-------	---------

The directors consider that the investment properties are disclosed at their fair value.

6. Debtors

	31 Jan 25	30 Jun 24
	£	£
Other debtors	27,878	–
	--------	----

The debtors above include the following amounts falling due after more than one year:

	31 Jan 25	30 Jun 24
	£	£
Other debtors	25,706	–
	--------	----

7. Creditors: amounts falling due within one year

	31 Jan 25	30 Jun 24
	£	£
Bank loans and overdrafts	3,075	2,930
Trade creditors	1,079	1,245
Other creditors	217,630	17,919
	---------	--------
	221,784	22,094
	---------	--------

8. Creditors: amounts falling due after more than one year

	31 Jan 25	30 Jun 24
	£	£
Bank loans and overdrafts	501,220	4,639
	---------	-------

Bank loans and overdrafts include £498,525 (2024: £Nil) are subject to charges held against them.

Included within creditors: amounts falling due after more than one year is an amount of £498,525 (2024: £Nil) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

9. Directors' advances, credits and guarantees

At the balance sheet date the directors were owed £216,550 (2023: £16,905) by the company.