REGISTERED NUMBER: 11978822 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TALAAREZ REAL ESTATE LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr K Das

Mrs A Z Jaffer

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

11978822 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Talaarez Real Estate Ltd for the year ended 31 March 2025 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Talaarez Real Estate Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Talaarez Real Estate Ltd and state those matters that we have agreed to state to the Board of Directors of Talaarez Real Estate Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Talaarez Real Estate Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Talaarez Real Estate Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Talaarez Real Estate Ltd. You consider that Talaarez Real Estate Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Talaarez Real Estate Ltd. 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.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

25 December 2025

FIXED ASSETS

Property, plant and equipment

4

1,201

662

Investments

5

1

1

Investment property

6

1,510,000

1,590,000

1,511,202

1,590,663

CURRENT ASSETS

Debtors

7

269,672

260,587

Cash at bank

18,315

23,228

287,987

283,815

CREDITORS

Amounts falling due within one year

8

157,271

254,984

NET CURRENT ASSETS

130,716

28,831

TOTAL ASSETS LESS CURRENT LIABILITIES

1,641,918

1,619,494

CREDITORS

Amounts falling due after more than one year

9

(1,132,523

)

(1,050,431

)

PROVISIONS FOR LIABILITIES

(149,312

)

(164,446

)

NET ASSETS

360,083

404,617

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

444,145

507,910

Retained earnings

(84,162

)

(103,393

)

SHAREHOLDERS' FUNDS

360,083

404,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 December 2025 and were signed on its behalf by:

Mr K Das - Director

1.	STATUTORY INFORMATION

Talaarez Real Estate 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents rent receivable

Turnover is recognised when the company has a right to consideration.

Tangible fixed assets

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

Computer Equipment - 33% on reducing balance

Investment property

Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 April 2024

1,045

Additions

900

At 31 March 2025

1,945

DEPRECIATION

At 1 April 2024

383

Charge for year

361

At 31 March 2025

744

NET BOOK VALUE

At 31 March 2025

1,201

At 31 March 2024

662

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,590,000

Revaluations

(80,000

)

At 31 March 2025

1,510,000

NET BOOK VALUE

At 31 March 2025

1,510,000

At 31 March 2024

1,590,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

103,935

Valuation in 2022

380,000

Valuation in 2024

188,259

Valuation in 2025

(80,000

)

Cost

917,806

1,510,000

In the opinion of the directors the fair value of the investment properties as at 31 March 2025 is not significantly different to that stated above.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

225,050

238,050

Other debtors

44,622

22,537

269,672

260,587

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,472

4,472

Taxation and social security

116

120

Other creditors

152,683

250,392

157,271

254,984

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,132,523

1,050,431

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,129,465

1,043,356

10.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

4,419

-

Between one and five years

2,578

-

6,997

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,129,465

1,043,356

The bank loans are secured by a fixed charge over the investment properties of the company.

12.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total amount of commitments is £6,629 (2024: £6,169).

13.	RELATED PARTY DISCLOSURES

Included within other creditors is an interest-free loan from a related party, introduced to fund the equity shortfall on the acquisition of the investment property. The loan was advanced to bridge the difference between the purchase price and the level of bank funding available and was always intended to be temporary in nature and repayable from future refinancing proceeds. Following the refinancing of the property during the year, £75,000 was repaid to the lender, with the remaining balance outstanding at the year end. The loan is repayable on demand and does not carry any rights to profits, security over the company's assets or voting rights.