REGISTERED NUMBER: 10938737 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

JOSH INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D.A. Mody

J.C. Gandhi

A. Gandhi

N.C. Mody

P.A. Mody

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

10938737 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

5

3,094,960

3,127,557

Investments

6

250,000

250,000

Investment property

7

1,820,000

1,820,000

5,164,960

5,197,557

CURRENT ASSETS

Stocks

749,621

802,677

Debtors

8

718,724

631,104

Cash at bank

108,280

189,696

1,576,625

1,623,477

CREDITORS

Amounts falling due within one year

9

(2,577,274

)

(2,218,791

)

NET CURRENT LIABILITIES

(1,000,649

)

(595,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,164,311

4,602,243

CREDITORS

Amounts falling due after more than one year

10

(1,879,191

)

(2,324,522

)

PROVISIONS FOR LIABILITIES

11

(439,119

)

(492,872

)

NET ASSETS

1,846,001

1,784,849

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

488,377

441,325

Other reserves

981,104

981,104

Retained earnings

376,420

362,320

SHAREHOLDERS' FUNDS

1,846,001

1,784,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 12 December 2025 and were signed on its behalf by:

J.C. Gandhi - Director

1.	STATUTORY INFORMATION

Josh Investments Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is also generated from property rental. The company recognises revenue based on short lease agreement with tenants.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Building only over 100 years on building

Fixtures and fittings

-

25% on reducing balance

Land and building held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Depreciation on cost of buildings is charged to profit and loss. Depreciation on the revaluation amount on buildings is charged to the revaluation reserve, so as to write off their value less residual value, over their estimated useful life, using the straight line method.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Long leasehold property also meets the definition of investment property. As the fair value of the company's interest in the leasehold property can not be measured reliably without undue cost or effort, it has been classified as long leasehold property and depreciated over the life of the lease, in accordance with FRS 102 - 16.3.

Investments

Equity investments are measured at fair value through profit or loss , except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably , which are recognised at cost less impairment until a reliable measure of fair value becomes available.

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

These accounts have been prepared on a going concern basis on the grounds that related entities of the company will not withdraw support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

and 30 April 2025

3,282,196

59,023

3,341,219

DEPRECIATION

At 1 May 2024

182,419

31,243

213,662

Charge for year

25,651

6,946

32,597

At 30 April 2025

208,070

38,189

246,259

NET BOOK VALUE

At 30 April 2025

3,074,126

20,834

3,094,960

At 30 April 2024

3,099,777

27,780

3,127,557

Cost or valuation at 30 April 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2018

635,571

-

635,571

Cost

2,646,625

59,023

2,705,648

3,282,196

59,023

3,341,219

The fair value of the freehold properties at April 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The directors believe the values shown in the accounts reflect the market value at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

6.	FIXED ASSET INVESTMENTS

Unlisted

investment

£

COST

At 1 May 2024

and 30 April 2025

250,000

NET BOOK VALUE

At 30 April 2025

250,000

At 30 April 2024

250,000

7.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2024

and 30 April 2025

1,820,000

NET BOOK VALUE

At 30 April 2025

1,820,000

At 30 April 2024

1,820,000

The fair value of the properties at April 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company who are not professionally qualified valuers. The directors believe the values shown in the accounts reflect the market value at at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.

Cost or valuation at 30 April 2025 is represented by:

£

Valuation in 2018

725,624

Valuation in 2024

582,515

Cost

511,861

1,820,000

8.

DEBTORS

30/4/25

30/4/24

£

£

Amounts falling due within one year:

Trade debtors

175,774

147,215

Other debtors

198,754

155,999

374,528

303,214

Amounts falling due after more than one year:

Amounts owed by participating interests

344,196

327,890

Aggregate amounts

718,724

631,104

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade creditors

441,379

324,688

Amounts owed to group undertakings

50,000

50,000

Amounts owed to associates

1,907,780

1,692,220

Taxation and social security

44,814

74,133

Other creditors

133,301

77,750

2,577,274

2,218,791

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

£

Other creditors

1,879,191

2,324,522

Other creditors represent the loan balance owed to buy the trading property in November 2017. There is no security on the loans and no interest is charged on the balance due.

11.	PROVISIONS FOR LIABILITIES

30/4/25

30/4/24

£

£

Deferred tax

Accelerated capital allowances

5,209

6,945

Deferred tax

433,910

485,927

439,119

492,872

Deferred

tax

£

Balance at 1 May 2024

492,872

Provided during year

(53,753

)

Balance at 30 April 2025

439,119

The deferred tax provision as shown above relates to the potential future tax due should the investment properties and freehold property held by the company be sold. The provision has been calculated based on the difference between the historic cost of the properties and the market value of those properties as at the Balance Sheet date at the future applicable corporation tax rates.

12.	RELATED PARTY DISCLOSURES

The company is owed £344,196 (2024- £327,890) by Gandhi Investments Ltd, an entity in which the company holds 50% interest. During the year the company charged interest of £16,306 (2024: £17,620) on the balance due from Gandhi Investments Ltd.

During the year the company issued a dividend to its parent company, GOF Enterprises Limited.