REGISTERED NUMBER: 12057920 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

AGK PROPERTY HOLDDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C Kapadia

G A Mehta

A B Mehta

REGISTERED OFFICE:

Unit 201, Second Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

12057920 (England and Wales)

AUDITORS:

MMA Partnership LLP

Chartered Certified Accountants

& Statutory Auditors

6 Bruce Grove

London

N17 6RA

FIXED ASSETS

Investments

4

101

101

CURRENT ASSETS

Debtors

5

9,336,654

8,223,904

Cash at bank

13,831

851,526

9,350,485

9,075,430

CREDITORS

Amounts falling due within one year

6

2,032,078

1,624,846

NET CURRENT ASSETS

7,318,407

7,450,584

TOTAL ASSETS LESS CURRENT LIABILITIES

7,318,508

7,450,685

CAPITAL AND RESERVES

Called up share capital

7

7,650,000

7,550,000

Retained earnings

8

(331,492

)

(99,315

)

SHAREHOLDERS' FUNDS

7,318,508

7,450,685

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 21 November 2025 and were signed on its behalf by:

C Kapadia - Director

1.	STATUTORY INFORMATION

AGK Property Holddings 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.

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.

Going concern

The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

101

NET BOOK VALUE

At 31 March 2025

101

At 31 March 2024

101

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

9,336,203

8,042,525

Other debtors

451

181,379

9,336,654

8,223,904

Amounts owed by group undertakings includes intercompany loans of £1,657,718 (2024 - £1,657,718) due from Old Oak W3 Limited and £7,678,485 (2024 - £6,384,807) due from Ropery Limited, companies registered in England and Wales.

Other debtors include a loan of £Nil (2024 - £177,000) due from YSJ01 Limited, a company registered in England and Wales.

YSJ01 Limited went into administration during the year and the entire loan balance has been written off as it is not recoverable.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

2,032,078

1,624,846

Other creditors include directors' loan account of £2,019,147 (2024 - £1,619,146).

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

7,650,000

Ordinary

£1

7,650,000

7,550,000

100,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

8.

RESERVES

Retained

earnings

£

At 1 April 2024

(99,315

)

Deficit for the year

(232,177

)

At 31 March 2025

(331,492

)

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

The Report of the Auditors was unqualified.

Mr Shashikant Maganlal Mistry FCCA (Senior Statutory Auditor)

for and on behalf of MMA Partnership LLP

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY