Registered number
01590439
Satnam Investments Limited
Filleted Accounts
30 June 2025

Satnam Investments Limited
Registered number: | 01590439
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 3,375,749 |  |  | 3,184,274
Investments | 5 |  |  | 231,115 |  |  | 231,115
|  |  |  | 3,606,864 |  |  | 3,415,389
Current assets
Stocks |  |  | 315,779 |  |  | 312,449
Debtors | 6 |  | 31,733,463 |  |  | 32,233,383
Investments held as current assets | 7 |  | 248 |  |  | 248
Cash at bank and in hand |  |  | 10,023,856 |  |  | 7,166,185
|  |  | 42,073,346 |  |  | 39,712,265
Creditors: amounts falling due within one year | 8 |  | (14,125,035) |  |  | (17,812,647)
Net current assets |  |  |  | 27,948,311 |  |  | 21,899,618
Total assets less current liabilities |  |  |  | 31,555,175 |  |  | 25,315,007
Creditors: amounts falling due after more than one year | 9 |  |  | (30,212,597) |  |  | (23,983,999)
Provisions for liabilities |  |  |  | (39,482) |  |  | (39,482)
Net assets |  |  |  | 1,303,096 |  |  | 1,291,526
Capital and reserves
Called up share capital |  |  |  | 500,010 |  |  | 500,010
Other reserve |  |  |  | 50,000 |  |  | 50,000
Profit and loss account |  |  |  | 753,086 |  |  | 741,516
Shareholders' funds |  |  |  | 1,303,096 |  |  | 1,291,526
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2026 and signed on its behalf by:
S S Dhillon
Director
The notes on pages 2 to 7 form part of these financial statements.

Satnam Investments Limited
Notes to the Accounts
for the year ended 30 June 2025
1 | Accounting policies
| Basis of preparation

| The accounts have been prepared under the historical cost convention, except for investment property, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Group accounts have not been prepared as the directors have taken advantage of the exemption conferred by section 400 of the Companies Act 2006, due to the company being "small" as defined by section 381 of the Act. The financial statements present information about the company as an individual undertaking and not about its group.
| The preparation of financial statements in compliance with FRS 102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies.

| Turnover
| Turnover represents rents received on properties and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental income from property is charged to profit or loss on a straight-line basis over the term of the lease.
| Stocks
| Stocks, represented by dealing properties, are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life using the straight line method:
| Freehold buildings | over 50 years
| Short leasehold improvements | over the lease term
| Plant and machinery | 20% per annum
| Motor vehicles | 25% per annum
| Investment properties at fair value
| Investment property is carried at fair value determined annually by the directors and derived from sales or current market rents and investment property yields for comparable property, 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 profit or loss.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in profit and loss.
1 | Accounting policies (continued)
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 12 |  | 12
3 | Taxation on profit
£ | £
| Current tax
| UK corporation tax on profits of the year | - |  | -
| Adjustment in respect of previous years | - |  | -
| Total current tax | - |  | -
| Movement in deferred tax liability | - |  | (64,865)
| Taxation on profit | - |  | (64,865)
| The tax assessed for the year differs from the standard rate of corporation tax in the UK. The differences are explained below:
|  |  |  |  |  | 2025 |  | 2024
£ | £
| Profit before tax | 11,570 |  | 130,877
| Profit at the standard rate of corporation tax in the UK |  | 2,893 |  | 32,719
| Effects of:
| Capital allowances less/(more) than depreciation for year | 1,013 |  | (2,009)
| Income not taxable | (478,700) |  | (249,532)
| Group relief | 474,794 |  | 218,822
| Movement in deferred tax liability on fair value adjustments | - |  | (64,865)
| Taxation on profit for the year | - |  | (64,865)
4 | Tangible assets
|  | Investment properties |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost or valuation
| At 1 July 2024 | 3,174,915 |  | 99,768 |  | 44,511 |  | 3,319,194
| Additions | 177,388 |  | - |  | 67,179 |  | 244,567
| Loss on revaluation | (35,339) |  | - |  | - |  | (35,339)
| Disposals | - |  | - |  | (44,511) |  | (44,511)
| At 30 June 2025 | 3,316,964 |  | 99,768 |  | 67,179 |  | 3,483,911
| Depreciation
| At 1 July 2024 | - |  | 90,409 |  | 44,511 |  | 134,920
| Charge for the year | - |  | 5,157 |  | 12,596 |  | 17,753
| On disposals | - |  | - |  | (44,511) |  | (44,511)
| At 30 June 2025 | - |  | 95,566 |  | 12,596 |  | 108,162
| Net book value
| At 30 June 2025 | 3,316,964 |  | 4,202 |  | 54,583 |  | 3,375,749
| At 30 June 2024 | 3,174,915 |  | 9,359 |  | - |  | 3,184,274
| The historical cost of investment properties is £3,994,243 (2024: £3,816,854).
| Investment properties have been revalued by the directors for the year ended 30 June 2025 and are stated at open market value.
5 | Investments
Investments in
subsidiary | Other
undertakings | investments | Total
£ | £ | £
| Cost
| At 1 July 2024 | 181,115 |  | 50,000 |  | 231,115
| At 30 June 2025 | 181,115 |  | 50,000 |  | 231,115
| The principal undertakings in which the company's interest at the year end is 20% or more are as follows:
Proportion of
ordinary
Country of | share capital | Nature of
| Name | incorporation | held | business
| Hillmarch Limited | England | 100% |  | Property investment
| Manchester & Provincial Car Parks Limited | England | 100% |  | Car park operator / property investment
| Northscene Limited | England | 100% |  | Dormant company
| Satnam Limited | England | 100% |  | Property investment
| Satnam Millennium Limited | England | 100% |  | Property investment
| Supara Limited | England | 100% |  | Property investment
| Forward Land Limited | England | 89% |  | Property investment
| Satnam Hispania S.L. | Spain | 100% |  | Property investment
| The registered office of all UK companies listed is 17 Imperial Square, Cheltenham, GL50 1QZ.
6 | Debtors | 2025 |  | 2024
£ | £
| Amounts falling due within one year:
| Trade debtors | 43,504 |  | 41,161
| Amounts owed by group undertakings |  | 9,129,347 |  | 9,703,397
| Amounts owed by related parties |  |  |  |  | 11,941,642 |  | 13,385,227
| Other related debtors |  |  |  |  | 8,135,022 |  | 7,934,571
| Other debtors | 2,483,948 |  | 1,169,027
|  |  |  |  |  | 31,733,463 |  | 32,233,383
7 | Investments held as current assets | 2025 |  | 2024
£ | £
| Fair value
| Listed investments | 248 |  | 248
8 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 175,631 |  | 114,513
| Amounts owed to group undertakings |  | 10,174,577 |  | 13,595,620
| Amounts owed to related parties |  |  |  |  | 3,489,819 |  | 3,486,706
| Taxation and social security costs | 33,993 |  | 30,944
| Directors loan account | 152,593 |  | 452,593
| Other creditors | 98,422 |  | 132,271
|  |  |  |  |  | 14,125,035 |  | 17,812,647
| Amounts owed to related parties are interest free and unsecured. Amounts owed to group undertakings are interest bearing and unsecured.
9 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Other related creditors | 30,212,597 |  | 23,983,999
10 | Related party transactions
| The related party balances included within debtors include balances with Parking Places Limited £1,178,249 (2024: £995,260), Cheltenham Property Group Limited £46,176 (2024: £32,504), Carewash Limited £53 (2024: £53), Aggregate Developments Limited £2,570,078 (2024: £2,495,060), Satnam Planning Services Limited £1,209,873 (2024: £1,136,448), Aggregate Investments Ltd £23,815 (2024: £23,781), Forward Land Limited £1,208,027 (2024: £535,243), Cheltenham Properties Limited £26,817 (2024: £22,707), Workwell Properties Limited £2,545,423 (2024: £1,728,423), Satnam Developments Limited £3,106,593 (2024: £26), Parking Places (Gloucester) Limited £60 (2024: £26), Satnam Properties Limited £26,478 (2024: £12,583), Cheltenham Property Investments Limited £nil (2024: £1,580,460), Cheltenham Property Holdings Limited £nil (2024: £3,028,033), Cheltenham Property Estates Limited £nil (2024: £25), Cheltenham Property Ventures Limited £nil (2024: £105,512), Trees for the Planet Limited £nil (2024: £1,662,025), and Trewsbury Farm Stud Limited £nil (2024: £27,058). The debtor balance with Aggregate Developments Limited is secured on assets owned by that company.
| Other related debtors of £8,135,022 (2024: £7,934,571) consists of balances with Kaur Capital Limited, Cheltenham Property Group Limited, Cheltenham Properties Limited, Tiviot Way Investments Limited, and Lynsdale Limited, companies which are related to the company through common shareholders.
| The related party balances included within creditors include balances with Satnam Parking Limited £1,524,161 (2024: £1,543,149), Satnam Car Parking Limited £137,845 (2024: £150,359), Satnam Urban Regeneration Limited £1,572,008 (2024: £1,575,308), Cheltenham Property Group Limited £244,167 (2024: £208,167), BW SIPP - Dhillon J £8,447 (2024: £6,532), and BW SIPP - Dhillon K S £3,191 (2024: £3,191).
| Other related creditors of £30,212,597 (2024: £23,983,999) consists of balances with Capfield Developments Limited, Xstrole Limited, and Satnam Europe OU, companies which are related to the company through common shareholders.
| During the year the company paid £47,500 (2024: £47,500) in rent to BW SIPP Trustees Limited.
11 | Controlling party
| The ultimate controlling party of the company is S S Dhillon, a director of the company.
12 | Other information
| Satnam Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 17 Imperial Square
| Cheltenham
| Gloucestershire
| GL50 1QZ

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