The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

Bhojsons (UK) 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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of the investment property.

At the time of approving the financial statements, the director has considered the financial operations for a period of 12 months following the date of approval of these financial statements. As at the date of approving these financial statements the company has not been significantly affected by the pandemic and performance is in line with expectations.

After considering the above matters and current situation, the director believes that the company with have adequate resources to meets its liabilities as they fall due. The director therefore considers it appropriate to continue to apply the going concern basis for preparing the financial statements.

Turnover consists of invoiced sales commission earned on the management of shipments worldwide and is recognised when freight is shipped. Fees charged for investment management services are recognised per the investment terms.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land is not depreciated.

At each reporting date, property, plant and equipment are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Investment property is carried at fair value using the most recent valuation and market data as at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. They are subsequently measured at amortised cost using the effective interest method. Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Transactions in foreign currencies are initially recorded in the entity's functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date.

Rentals applicable to operating leases are recognised in the profit and loss account as incurred.

Rents receivable on the investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.

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.

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax amounts are not discounted.

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

As disclosed in note 8, the valuations are prepared by the director, in conjunction with professional valuers.

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

The company accounts for its confirming transactions as agent. Turnover consists of invoiced sales commission and fees.

The average monthly number of persons (including directors) employed by the company during the year was:

The investment property was valued on an open market value basis on 31 March 2025 by the director from available market data on recent disposals of similar properties in the area. At amortised historical cost, the property would have been included in the balance sheet at £513,989 (2024: £517,583).

Included in land and buildings is freehold land of £393,763 (2024: £393,763) which is not depreciated.

Bank borrowings of £2,405,746 is secured on company cash deposits and the total bank borrowings are guaranteed by a third party, and indirectly supported by a director.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Minimum lease payments under non-cancellable operating leases fall due as follows:

M Sadhwani, a director, has indirectly provided support for a guarantee in relation to the company's trade finance facility.

The immediate parent company is Bhojsons Holdings Company Limited whose registered office is at Helm Trust Company Limited, 1st Floor, 17 Bond Street, St. Helier, Jersey JE3 3NP, Channel Islands.