Shakra Blue Ltd 10196367 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true false false 10196367 2024-06-01 2025-05-31 10196367 2025-05-31 10196367 bus:OrdinaryShareClass1 2025-05-31 10196367 core:CurrentFinancialInstruments 2025-05-31 10196367 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 10196367 core:AdditionsToInvestments 2025-05-31 10196367 bus:SmallEntities 2024-06-01 2025-05-31 10196367 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 10196367 bus:FilletedAccounts 2024-06-01 2025-05-31 10196367 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10196367 bus:RegisteredOffice 2024-06-01 2025-05-31 10196367 bus:Director1 2024-06-01 2025-05-31 10196367 bus:Director2 2024-06-01 2025-05-31 10196367 bus:Director3 2024-06-01 2025-05-31 10196367 bus:Director4 2024-06-01 2025-05-31 10196367 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 10196367 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10196367 bus:Agent1 2024-06-01 2025-05-31 10196367 core:Associate1 2024-06-01 2025-05-31 10196367 core:Associate1 countries:AllCountries 2024-06-01 2025-05-31 10196367 core:Subsidiary1 2024-06-01 2025-05-31 10196367 core:Subsidiary1 1 2024-06-01 2025-05-31 10196367 core:Subsidiary1 countries:England 2024-06-01 2025-05-31 10196367 countries:EnglandWales 2024-06-01 2025-05-31 10196367 core:CostValuation 2024-05-31 10196367 2023-06-01 2024-05-31 10196367 2024-05-31 10196367 bus:OrdinaryShareClass1 2024-05-31 10196367 core:CurrentFinancialInstruments 2024-05-31 10196367 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10196367 core:Associate1 2023-06-01 2024-05-31 10196367 core:Subsidiary1 1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10196367

Shakra Blue Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Shakra Blue Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Shakra Blue Ltd

Company Information

Directors | Mr Bharat Mehta Mrs Nisha Bharat Mehta Ms Raakhi Bharat Mehta Ms Shanika Devangi Mehta

Registered office | Unit 5 Clements Court Clements Lane Ilford Essex IG1 2QY

Accountants | Tahas & Co Ltd Chartered Certified AccountantsSuite 3, Second Floor 760 Eastern Avenue Newbury Park London IG2 7HU

Shakra Blue Ltd

(Registration number: 10196367)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 144 | 24
Current assets |  |  |
Stocks | 5 | 504,475 | 504,475
Debtors | 6 | 1,318,301 | 281,132
Cash at bank and in hand |  | 146,241 | 56,416
|  | 1,969,017 | 842,023
Creditors: Amounts falling due within one year | 7 | (2,098,344) | (1,025,983)
Net current liabilities |  | (129,327) | (183,960)
Net liabilities |  | (129,183) | (183,936)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | (129,283) | (184,036)
Shareholders' deficit |  | (129,183) | (183,936)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2026 and signed on its behalf by:

......................................... Mr Bharat Mehta Director

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Clements Court
Clements Lane
Ilford
Essex
IG1 2QY
United Kingdom

These financial statements were authorised for issue by the Board on 13 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 120 | -
Investments in associates | 24 | 24
| 144 | 24

Subsidiaries | £
Cost or valuation
Additions | 120
Provision
Carrying amount
At 31 May 2025 | 120

Associates | £
Cost
At 1 June 2024 | 24
Provision
Carrying amount
At 31 May 2025 | 24
At 31 May 2024 | 24

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Carlton Vale NW6 Ltd | Unit 5 Clements Court Clements Lane Ilford Essex IG1 2QY England | Ordinary | 100% | 0%
Associates
Om Property Essex Ltd | Unit 5 Clements Court Clements Lane Ilford IG1 2QY | Ordinary | 20% | 20%
| England |  |  |

Subsidiary undertakings
Carlton Vale NW6 Ltd The principal activity of Carlton Vale NW6 Ltd is property investment.

Associates
Om Property Essex Ltd The principal activity of Om Property Essex Ltd is Property Investment.

5 | Stocks

| 2025 £ | 2024 £
Properties Stock | 504,475 | 504,475

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 9 | 913,909 | 279,500
Other debtors |  | 404,392 | 1,632
|  | 1,318,301 | 281,132

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 1,389 | 534
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 1,641,461 | 591,686
Taxation and social security |  | 13,881 | -
Accruals and deferred income |  | 1,750 | 1,750
Other creditors |  | 439,863 | 432,013
|  | 2,098,344 | 1,025,983

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Related party transactions

Shakra Blue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,000 | 12,000