REGISTERED NUMBER: 06281784 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRUDENT PROPERTIES (LONDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Sodha

A Sodha

REGISTERED OFFICE:

164-166 Bowes Road

London

N11 2JG

REGISTERED NUMBER:

06281784 (England and Wales)

ACCOUNTANTS:

Kothari & Associates Ltd

30 Oakington Avenue

Harrow

Middlesex

HA2 7JJ

FIXED ASSETS

Investments

5

181,959

-

CURRENT ASSETS

Stocks

6

1,549,288

1,160,445

Debtors

7

21,000

24,419

Cash at bank

41,878

243,745

1,612,166

1,428,609

CREDITORS

Amounts falling due within one year

8

476,696

73,625

NET CURRENT ASSETS

1,135,470

1,354,984

TOTAL ASSETS LESS CURRENT LIABILITIES

1,317,429

1,354,984

CREDITORS

Amounts falling due after more than one year

9

660,410

660,410

NET ASSETS

657,019

694,574

CAPITAL AND RESERVES

Called up share capital

12

3

3

Retained earnings

13

657,016

694,571

SHAREHOLDERS' FUNDS

657,019

694,574

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2025 and were signed on its behalf by:

R Sodha - Director

A Sodha - Director

1.	STATUTORY INFORMATION

Prudent Properties (London) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received for receivable.

Revenue Recognition

Revenue from the properties is recognised on a rent receivable basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Interest in

other

participating

interests

£

COST

Additions

181,959

At 31 March 2025

181,959

NET BOOK VALUE

At 31 March 2025

181,959

6.

STOCKS

31/3/25

31/3/24

£

£

Stocks

1,549,288

1,160,445

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Govin loan

21,000

21,000

Prepayments and accrued income

-

2,549

Prepayments

-

870

21,000

24,419

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed to group undertakings

411,000

-

Tax

8,809

39,277

Directors' current accounts

26,187

1,958

Accrued expenses

30,700

32,390

476,696

73,625

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 10)

660,410

660,410

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

660,410

660,410

10.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

660,410

660,410

The bank loans are secured by a legal charge over the company's investment properties and by way of personal guarantees of the directors. The loans are interest only, fully repayable between 9 to 10 years period with the rate of interest charged ranging between 3.53% per annum, above the bank base rate.

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

660,410

660,410

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

3

Ordinary

1

3

3

13.

RESERVES

Retained

earnings

£

At 1 April 2024

694,571

Deficit for the year

(37,555

)

At 31 March 2025

657,016

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31 March 2025, the company owed the directors £26,187 (2024 : £1,958).

During the year, total dividends amounting to £NIL (2024 - £32,000) were paid to the directors.

15.	RELATED PARTY DISCLOSURES

At the year ended 31 March 2025, £411,000 was owed to BTC (London) Limited, a company in which directors have beneficial interest.

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors of the company, by virtue of owning majority shareholding in the company.