REGISTERED NUMBER: 05736166 (England and Wales)

SHARMA CORPORATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R K Sharma

Mrs R Sharma

SECRETARY:

Mrs R Sharma

REGISTERED OFFICE:

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

05736166 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,424,021

3,424,021

3,424,021

3,424,021

CURRENT ASSETS

Debtors

6

192,013

231,893

Cash at bank

8,197

5,557

200,210

237,450

CREDITORS

Amounts falling due within one year

7

(23,169

)

(22,558

)

NET CURRENT ASSETS

177,041

214,892

TOTAL ASSETS LESS CURRENT LIABILITIES

3,601,062

3,638,913

CREDITORS

Amounts falling due after more than one year

8

(29,716

)

(70,167

)

NET ASSETS

3,571,346

3,568,746

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

2,465,187

2,465,187

Retained earnings

1,106,059

1,103,459

SHAREHOLDERS' FUNDS

3,571,346

3,568,746

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 31 December 2025 and were signed on its behalf by:

Mr R K Sharma - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill being the amount paid in connection of the acquisition of two petrol stations in 2011 and 2013 respectively, being amortised over their estimated useful economic lives of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 9 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

3,200,000

224,021

3,424,021

NET BOOK VALUE

At 31 March 2025

3,200,000

224,021

3,424,021

At 31 March 2024

3,200,000

224,021

3,424,021

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

property

property

Totals

£

£

£

Valuation in 2017

2,100,000

224,021

2,324,021

Valuation in 2022

1,100,000

-

1,100,000

3,200,000

224,021

3,424,021

If Freehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

734,814

734,814

Value of land in freehold land and buildings

3,200,000

3,200,000

Freehold property was valued on an open market basis on 1 December 2022 by Christie & Co. Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

192,013

231,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

19,491

18,882

Other creditors

3,678

3,676

23,169

22,558

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

22,375

65,125

Other creditors

7,341

5,042

29,716

70,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

22,375

65,125

The bank loans are secured by a mortgage debenture on the business premises and fixed and floating charge over all the current and future assets of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

2,465,187

11.	RELATED PARTY DISCLOSURES

At the balance sheet date £192,012.52 is due from a company under common control