| PALWAR LTD |
| Registered number: |
08958301 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,534,492 |
|
|
447,215 |
|
| Current assets |
| Debtors |
4 |
|
7,000 |
|
|
251,480 |
| Cash at bank and in hand |
|
|
28,348 |
|
|
477,052 |
|
|
|
35,348 |
|
|
728,532 |
|
| Creditors: amounts falling due within one year |
5 |
|
(191,233) |
|
|
(182,325) |
|
| Net current (liabilities)/assets |
|
|
|
(155,885) |
|
|
546,207 |
|
| Total assets less current liabilities |
|
|
|
1,378,607 |
|
|
993,422 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,000,754) |
|
|
(650,712) |
|
|
|
| Net assets |
|
|
|
377,853 |
|
|
342,710 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Share premium |
|
|
|
5,780 |
|
|
5,780 |
| Profit and loss account |
|
|
|
372,063 |
|
|
336,920 |
|
| Shareholders' funds |
|
|
|
377,853 |
|
|
342,710 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S. H. Khan |
| Director |
| Approved by the board on 8 December 2025 |
|
| PALWAR LTD |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The directors, having assessed the available information and after making appropriate enquiries, have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable.
The profit on disposal of investment is determined as the difference between the sale proceeds and the carrying value of the investment at the commencement of the accounting period plus additions in the period and any residual commitments.
Rental income from incidental operations in connection with development properties is credited to other operating income on an accrual basis. |
|
|
Fixed asset investments |
|
Investments are stated at cost less impairment. Where fair value cannot be measured reliably, cost is considered the most appropriate basis. Investments are reviewed annually for indicators of impairment. |
|
|
Debtors |
|
Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
447,215 |
|
Additions |
1,352,786 |
|
Disposals |
(265,509) |
|
|
At 31 March 2025 |
1,534,492 |
|
|
There were no revaluations or impairment charges during the year (2024: £Nil). |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
7,000 |
|
251,480 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Corporation tax |
10,149 |
|
66,703 |
|
Other creditors |
181,084 |
|
115,622 |
|
|
|
|
|
|
191,233 |
|
182,325 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings |
|
1,000,754 |
|
650,712 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
|
|
|
|
2024 |
|
2023 |
| £ |
£ |
|
Directors loan in order to facilitate the purchase of unlisted investments |
|
Amount due to the related party |
179,700 |
|
114,388 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Ultimate controlling party |
|
|
Evolution Medical Limited, a company incorporated in the England and Wales , controls the Company as a result of controlling, directly or indirectly, 80 per cent of the issued share capital of the Company. |
|
|
| 9 |
Other information |
|
|
PALWAR LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
37 Calmont Road |
|
Bromley |
|
BR1 4BY |