ACCOUNTS - Final Accounts

Company registration number: 11533092

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	FAR EAST HOLDINGS LIMITED


FAR EAST HOLDINGS LIMITED REGISTERED NUMBER:11533092

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		15,014		24,229
Tangible assets	6		4,204,401		4,343,878
			4,219,415		4,368,107
Current assets
Stocks		101,641		101,990
Debtors: amounts due after more than one year	7	387,000		409,500
Debtors: amounts due within one year	7	171,829		105,744
Cash at bank and in hand	8	64,207		110,784
		724,677		728,018
Creditors: amounts due within one year	9	(11,166,834)		(9,508,437)
Net current liabilities			(10,442,157)		(8,780,419)
Total assets less current liabilities			(6,222,742)		(4,412,312)
Provisions for liabilities
Other provisions	10	(116,477)		(108,351)
			(116,477)		(108,351)
Net liabilities			(6,339,219)		(4,520,663)

Capital and reserves
Called up share capital	11	100	100
Profit and loss account		(6,339,319)	(4,520,763)
		(6,339,219)	(4,520,663)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K R Bhojwani

Director

Date: 27 November 2025

The notes on pages 2 to 9 form part of these financial statements.

Page 1


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Far East Holdings 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.	Reporting period

The prior period of accounts covers the eleven month period from 1 May 2023 to 31 March 2024. As such, the current period of 12 months and the prior period of 11 months are not directly comparable.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

3.2

Going concern

The financial statements have been prepared on a going concern basis. The entity ceased trading in September 2025 and currently has no active operations. Management is actively exploring strategic options for the company, which include repurposing the entity for alternative plans. However, one of the options under consideration is the liquidation of the company.

As a result, there is a material uncertainty that may cast significant doubt on the entity’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

3.3

Revenue

Turnover represents net invoiced food and drink sales from the KOYN restaurant. Turnover is recognised once the food and drink has been delivered to the customers and a sales transaction with the customer has been recognised using an EPOS system.

3.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

3.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

3.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property	-	Straight line over the lease period
Plant and machinery	-	8 years straight line
Fixtures and fittings	-	8 years straight line
Computer equipment	-	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.

3.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 49 (2024 -62).

Page 4


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

	Patents and licences	Brand costs	Total
	£	£	£
Cost
At 1 April 2024	9,513	36,646	46,159
At 31 March 2025	9,513	36,646	46,159
Amortisation
At 1 April 2024	7,628	14,302	21,930
Charge for the year	1,885	7,330	9,215
At 31 March 2025	9,513	21,632	31,145
Net book value
At 31 March 2025	-	15,014	15,014
At 31 March 2024	1,885	22,344	24,229

Page 5


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Tangible fixed assets

	Leasehold property	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	4,067,889	388,809	355,146	28,193	4,840,037
Additions	96,922	25,028	6,120	-	128,070
At 31 March 2025	4,164,811	413,837	361,266	28,193	4,968,107
Depreciation
At 1 April 2024	311,814	83,793	87,697	12,855	496,159
Charge for the year	163,899	50,951	45,649	7,048	267,547
At 31 March 2025	475,713	134,744	133,346	19,903	763,706
Net book value
At 31 March 2025	3,689,098	279,093	227,920	8,290	4,204,401
At 31 March 2024	3,756,075	305,016	267,449	15,338	4,343,878

Page 6


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Debtors
		2025	2024
		£	£

Due after more than one year
Rent Deposit	387,000	409,500
	387,000	409,500

					2025	2024
					£	£

Due within one year
Trade debtors	9,472	3,434
Amounts owed by group undertakings	-	13,733
Other debtors	100	13,831
Prepayments and accrued income	162,257	74,746
	171,829	105,744

8.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	64,207	110,784
	64,207	110,784

9.	Creditors: Amounts due within one year
		2025	2024
		£	£

Trade creditors	619,560	556,743
Amounts owed to group undertakings	9,599,412	8,121,950
Other taxation and social security	91,760	52,802
Other creditors	143,997	164,922
Accruals and deferred income	712,105	612,020
	11,166,834	9,508,437

Page 7


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10.	Provisions

		Dilapidations provision
		£

	At 1 April 2024	108,351
	Charged to profit or loss	8,126
	At 31 March 2025	116,477

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 -100) Ordinary Shares shares of £1.00 each	100	100

12.	Controlling party

The ultimate controlling party of the company is LSL Holdings Pvt Ltd, a company incorporated in India. The smallest group into which this entity is consolidated into is the financial statements of LSL Holdings Pvt Ltd whose registered office is 703 Leela Business Park, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, India.

Page 8


FAR EAST HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was qualified.

The basis for qualification in the audit report was as follows:

We were not appointed as auditor of the company until after 30 April 2023 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities of £117,392 held at 30 April 2023 by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount at 30 April 2023 was necessary or whether there was any consequential effect on the cost of sales for the period ended 31 March 2024.

Material uncertainty related to going concern

We draw attention to note 3.2 in the financial statements, which indicates that the Company has ceased to trade and currently has no active operations. Management is actively exploring strategic options for the Company, which include repurposing the entity for alternative plans. However, one of the options under consideration is liquidation of the Company. As stated in note 3.2, these events or conditions, along with the other matters as set forth in note 3.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 28 November 2025 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 9