REGISTERED NUMBER: 14715587 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MODI ILLVA UK PRIVATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

U K Modi

M G Ferrari

SECRETARY:

A P C Fox

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

14715587 (England and Wales)

AUDITORS:

IG Accounting & Auditing Limited

Chartered Certified Accountants

& Registered Auditors

90 Sutherland Avenue

Welling

DA16 2NP

CURRENT ASSETS

Stocks

5,023,096

-

Debtors

4

1,582,881

2,756,283

Prepayments and accrued income

1,514

-

Cash at bank

4,437

54,250

6,611,928

2,810,533

CREDITORS

Amounts falling due within one year

5

42,848

11,000

NET CURRENT ASSETS

6,569,080

2,799,533

TOTAL ASSETS LESS CURRENT LIABILITIES

6,569,080

2,799,533

CAPITAL AND RESERVES

Called up share capital

6,550,100

2,800,100

Retained earnings

18,980

(567

)

6,569,080

2,799,533

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 23rd October 2025 and were signed on its behalf by:

U K Modi - Director

1.	STATUTORY INFORMATION

Modi Illva UK Private 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.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises all costs of purchase, costs of conversion, and other costs incurred in bringing the stocks to their present location and condition. For maturing spirits, cost includes not only the purchase price and import duties (where not recoverable) but also bonded warehousing and handling charges, to the extent that such costs are directly attributable to the maturation process. As the maturation period is essential to achieving the finished condition of the product, these warehousing costs are considered part of the cost of conversion.

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 NIL (2024 - NIL).

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

VAT

2,000

-

2025

2024

£

£

Amounts falling due after more than one year:

Loan

1,535,000

2,745,000

Accrued interest

45,881

11,283

1,580,881

2,756,283

Aggregate amounts

1,582,881

2,756,283

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

4,586

-

Accrued expenses

38,262

11,000

42,848

11,000

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Indra Raj Giri ACA (Senior Statutory Auditor)

for and on behalf of IG Accounting & Auditing Limited

7.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Modi Illva India Private Limited, a company incorporated in India. There is no party with overall control of Modi Illva India Private Limited.