ACCOUNTS - Final Accounts

Unaudited Financial Statements

Bokhari Estates Limited

For the year ended 31 March 2025

Registered number: 02355621


Bokhari Estates Limited

Company Information

Director	I Bokhari


Company secretary	F Bokhari


Registered number	02355621


Registered office	7 Bramber Road
	Fulham
	London
	W14 9PA


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Bokhari Estates Limited

Contents

	Page
Accountants' Report	1
Statement of Financial Position	2 - 3
Notes to the Financial Statements	4 - 8

Independent Accountant's Report to the Director of the unaudited financial statements of Bokhari Estates Limited for the year ended 31 March 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Bokhari Estates Limited for the year ended 31 March 2025, which comprise the Statement of financial position and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Bokhari Estates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Bokhari Estates Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bokhari Estates Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 March 2025 and you have acknowledged on the Statement of financial position as at 31 March 2025 your duty to ensure that Bokhari Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Bokhari Estates Limited is exempt from the statutory audit requirement for the year ended 31 March 2025.

We have not been instructed to carry out an audit or review the financial statements of Bokhari Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 16 December 2025

Page 1


Bokhari Estates Limited

Statement of financial position

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	5		11,780,000		10,330,000
Current assets
Debtors: amounts falling due within one year	6	51,213		47,945
Cash at bank and in hand	7	1,738,191		1,505,226
		1,789,404		1,553,171
Creditors: amounts falling due within one year	8	(6,242,563)		(6,254,483)
Net current liabilities			(4,453,159)		(4,701,312)
Total assets less current liabilities			7,326,841		5,628,688
Provisions for liabilities
Deferred tax		(1,146,648)		(784,148)
			(1,146,648)		(784,148)
Net assets			6,180,193		4,844,540

Capital and reserves
Called up share capital	9	100	100
Profit and loss account	10	6,180,093	4,844,440
		6,180,193	4,844,540

Page 2


Bokhari Estates Limited

Statement of financial position (continued)

As at 31 March 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 on 16 December 2025.

I Bokhari

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3


Bokhari Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

1.	General information

The Company is incorporated in England and Wales, as a private company limited by shares, with the registered number 02355621. The registered office is 7 Bramber Road, Fulham, London, W14 9PA.
The Company's principal activity continued to be that of holding of investment property for capital appreciation and to generate rental income.

2.Accounting policies

2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 4


Bokhari Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of Comprehensive Income on a straight line basis over the term of the relevant lease.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis.

2.5

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income, and transferred to the Investment property revaluation reserve.

2.6

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.

2.7

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.

2.8

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.

Page 5


Bokhari Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the ageing profile of debtors are considered.
b) Market value of investment properties
Estimates are made in respect of the market value of investment properties. When assessing the market value of these assets, factors including current rent receivable and available data on current market yields and activity are considered.

Page 6


Bokhari Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	10,330,000
	Surplus on revaluation	1,450,000
	At 31 March 2025	11,780,000

The 2025 valuations were made by the Directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Trade debtors	4,125	4,125
Other debtors	34,354	39,021
Prepayments and accrued income	12,734	4,799
	51,213	47,945

Other debtors include amounts relating to lease incentives of £34,354 (2024: £39,021).

7.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	1,738,191	1,505,226

Page 7


Bokhari Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	18,638	10,316
Amounts owed to related parties	6,026,884	6,034,547
Corporation tax	82,622	93,263
Other taxation and social security	52	264
Other creditors	2,053	892
Accruals and deferred income	112,314	115,201
	6,242,563	6,254,483

Trade and other creditors are payable at various dates over the coming months in accordance with the suppliers’ usual and customary credit terms.
Corporation tax and other taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 -100) Ordinary shares of £1 each	100	100

10.

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.
Included within the reserve is £5,895,556 of non distributable income in relation to property revaluations less
deferred tax.

11.	Related party transactions
	The shareholders loan of £6,026,884 (2024: £6,034,547) from I Bokhari is interest free, unsecured and repayable on demand. The Company made loan repayments of £7,663 (2024: £9,147) during the year.

12.	Ultimate controlling party

The Company is ultimately controlled by I Bokhari as the Company's majority shareholder.

Page 8