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REGISTERED NUMBER: 13048768 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GHASFUR LIMITED

| GHASFUR LIMITED (REGISTERED NUMBER: 13048768) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GHASFUR LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A A Mohamed

| B Perukkaranai Madabhu

| REGISTERED OFFICE: | Unit 1, 2a Disraeli Road

| Putney

| London

| SW15 2DS

| REGISTERED NUMBER: | 13048768 (England and Wales)

| ACCOUNTANTS: | Numera North Limited

| 4th Floor, Charles House

| 108-110 Finchley Road

| London

| London

| NW3 5JJ

| GHASFUR LIMITED (REGISTERED NUMBER: 13048768) |

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,700,000 |  | 4,700,000 |  |

CURRENT ASSETS

Debtors | 5 | 28,000 |  | 207,669 |  |

Cash at bank and in hand | 331,363 |  | 406,407 |  |

359,363 |  | 614,076 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,154,536 |  | 2,232,291 |  |

NET CURRENT LIABILITIES | (1,795,173 | ) | (1,618,215 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,904,827 |  | 3,081,785 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (2,308,938 | ) | (2,544,955 | ) |

PROVISIONS FOR LIABILITIES | (355,903 | ) | (355,903 | ) |

NET ASSETS | 239,986 |  | 180,927 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 239,985 |  | 180,926 |  |

239,986 |  | 180,927 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 October 2025 and were signed on its behalf by:

A A Mohamed - Director

| GHASFUR LIMITED (REGISTERED NUMBER: 13048768) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Ghasfur 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 (£) and rounded to the nearest £.

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.

| Tangible fixed assets

| The company adopts the group policy with regards to investment property as follows:

| Investment Properties

| Investment properties are included in the balance sheet at their cost in accordance with the Provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Ireland" and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

| 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 liabilities

| Short term creditors are measured at transaction price. Other financial liabilities, including loans from group companies are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Financial assets

| Short term debtors are measured at transaction price, less any impairment. Other financial assets, including loans to group companies are measured initially at fair value, net of transactions costs and are subsequently measured at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less,and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| GHASFUR LIMITED (REGISTERED NUMBER: 13048768) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt the going concern policy in preparing its financial statements.

| Related parties

| The company has taken advantage of FRS 102, Section 1AC 35, for the disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member. Amounts owed to and from group companies are therefore shown in aggregate.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Land and

| buildings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 4,700,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,700,000 |  |

| At 31 March 2024 | 4,700,000 |  |

| Properties to the value of £4,700,000 are included at open market value as valued by the directors at the balance sheet date.

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 28,000 |  | 207,669 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 2,034,300 |  | 2,095,799 |  |

| Trade creditors | - |  | 1 |  |

| Taxation and social security | 13,459 |  | 59,683 |  |

| Other creditors | 106,777 |  | 76,808 |  |

2,154,536 |  | 2,232,291 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 2,308,938 |  | 2,544,955 |  |

| GHASFUR LIMITED (REGISTERED NUMBER: 13048768) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 2,034,300 |  | 2,095,799 |  |

| Other creditors | 1,539,166 |  | 1,475,183 |  |

3,573,466 |  | 3,570,982 |  |

| The bank loans and discounted bonds are secured by fixed charge over the freehold investment properties and a negative pledge over the assets of the company.

9. | RELATED PARTY DISCLOSURES

| Included in creditors is an amount of £2,308,938 (2024: £2,544,955) owed to a group company.