Water Hole Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Water Hole Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04542779 . The registered office is 85 Great Portland Street, London, W1W 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

Investment properties, which are properties held to earn rentals and/or for capital appreciaation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently these are measured at fair value at the reporting end date. The gain or loss on valuation is recognised in profit and loss and is subsequently transferred within equity to the "investment property reserve" together with the associated deferred tax.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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, which include debtors, loans to companies under common control 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 are not amortised.

Basic financial liabilities, including bank loans and loans from companies under common control 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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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Water Hole Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Revaluation Reserve

The revaluation reserve comprises the fair value uplift on the company's investment property net of the associated deferred tax. Any movement in the fair value of the investment property and/or the deferred tax associated with it during the year is transferred from the profit and loss account into this reserve as a reserve movement in the Statement of Changes in Equity. The reserve is non-distributable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 2)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 August 2024	2,400,000
Additions	63,066

As at 31 July 2025	2,463,066

Net Book Value
As at 31 July 2025	2,463,066

As at 1 August 2024	2,400,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 July 2024 by the directors on an open market value basis.

5. Debtors

	31 July 2025	31 July 2024
	£	£
Due within one year
Trade debtors	-	115,316
Due after more than one year
Other debtors	1,403,076	830,000

	1,403,076	945,316

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Water Hole Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 July 2024
	£	£
Trade creditors	(1 )	-
Bank loans and overdrafts	169,900	55,500
Taxation and social security	14,368	14,592

	184,267	70,092

7. Creditors: Amounts Falling Due After More Than One Year

	31 July 2025	31 July 2024
	£	£
Bank loans	1,224,077	1,398,673

8. Deferred Taxation

The provision for deferred tax is made up as 25% of the revalued investment property.

	31 July 2025	31 July 2024
	£	£
Other timing differences	319,653	319,653

9. Share Capital

	31 July 2025	31 July 2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 August 2024	958,960	1,253,368
Profit for the year and total comprehensive income	-	43,388

As at 31 July 2025	958,960	1,296,756

11. Related Party Transactions

Included within other debtos are amounts owed by connected parties, £893,000 owed by HSRT Property Investments Limited and £395,000 owed by RZV Group Limited. These companies are connected by way of common control and ownership. The loans are interest free and repayable on demand.

Included within other debtors is £115,076 owed by parent company, SJV Group Limited. This loan is interest free and repayable on demand.

12. Ultimate Controlling Party

The company's immediate and parent undertaking is SJV Group Limited, incorporated in England and Wales. The ultimate controlling parties are Jateen Vithlani and Swati Vithlani, who jointly control SJV Group Limited.

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		31 July 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,463,066		2,400,000

			2,463,066		2,400,000
CURRENT ASSETS
Debtors	5	1,403,076		945,316
Cash at bank and in hand		117,671		655,530

		1,520,747		1,600,846
Creditors: Amounts Falling Due Within One Year	6	(184,267 )		(70,092 )

NET CURRENT ASSETS (LIABILITIES)			1,336,480		1,530,754

TOTAL ASSETS LESS CURRENT LIABILITIES			3,799,546		3,930,754

Creditors: Amounts Falling Due After More Than One Year	7		(1,224,077 )		(1,398,673 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(319,653 )		(319,653 )

NET ASSETS			2,255,816		2,212,428

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		958,960		958,960
Profit and Loss Account			1,296,756		1,253,368

SHAREHOLDERS' FUNDS			2,255,816		2,212,428