Company registration number 04469995 (England and Wales)
HIMMAT PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HIMMAT PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HIMMAT PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
440
607
Investment property
4
612,000
612,000
612,440
612,607
Current assets
Debtors
6
51,340
55,365
Cash at bank and in hand
129,242
108,880
180,582
164,245
Creditors: amounts falling due within one year
7
(9,353)
(9,505)
Net current assets
171,229
154,740
Total assets less current liabilities
783,669
767,347
Creditors: amounts falling due after more than one year
8
(87,400)
(87,400)
Provisions for liabilities
(18,582)
(18,623)
Net assets
677,687
661,324
Capital and reserves
Called up share capital
9
2
2
Revaluation reserve
212,200
212,200
Profit and loss reserves
465,485
449,122
Total equity
677,687
661,324
HIMMAT PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
Mr AS Bhandal
Director
Company registration number 04469995 (England and Wales)
HIMMAT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Himmat Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Drayton Place, Braunston Road, Daventry, Northamptonshire, UK, NN11 8NP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Computers
33% straight line
1.3
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HIMMAT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
2,297
384
2,681
Depreciation and impairment
At 1 April 2024
2,031
43
2,074
Depreciation charged in the year
53
114
167
At 31 March 2025
2,084
157
2,241
Carrying amount
At 31 March 2025
213
227
440
At 31 March 2024
266
341
607
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
612,000
HIMMAT PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Investment property
(Continued)
- 5 -

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 17 May 2021 by Howkins & Harrison. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The net gain is not available for distribution as per section 16 of FRS102.

Fair value at 31 March 202 5 is represented by:

Cost £381,328

Valuation in 2008 £31,871

Valuation in 2022 £198,801

Total £612,000

5
Ultimate Controlling Party

The company is under the control of Mr A S & Mrs M K Bhandal who own 100% of the issued share capital.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,050
5,075
Other debtors
50,290
50,290
51,340
55,365
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
3,924
5,944
Other creditors
2,029
2,561
Accruals and deferred income
3,400
1,000
9,353
9,505
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
87,400
87,400
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
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