REGISTERED NUMBER: 11214840 (England and Wales)

Unaudited Financial Statements

for the Year Ended 26 February 2025

for

Viraj Enterprises Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Khanna

SECRETARY:

N Kumar

REGISTERED OFFICE:

Eshton Suite 2 Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS225TB

REGISTERED NUMBER:

11214840 (England and Wales)

Fixed assets

Tangible assets

3

34,523

46,030

Investment property

4

6,525,000

6,697,923

6,559,523

6,743,953

Current assets

Debtors

5

91,934

109,071

Prepayments and accrued income

23,415

-

Cash at bank

1,103

70,575

116,452

179,646

Creditors

Amounts falling due within one year

6

(723,953

)

(1,082,956

)

Net current liabilities

(607,501

)

(903,310

)

Total assets less current liabilities

5,952,022

5,840,643

Creditors

Amounts falling due after more than one year

7

(5,660,963

)

(5,196,415

)

Provisions for liabilities

(294,672

)

(237,532

)

Net (liabilities)/assets

(3,613

)

406,696

Capital and reserves

Called up share capital

1

1

Other reserves

9

858,124

615,395

Retained earnings

9

(861,738

)

(208,700

)

(3,613

)

406,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 May 2026 and were signed by:

R Khanna - Director

1.	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.

TANGIBLE FIXED ASSETS

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

GOING CONCERN

The financial statements have been prepared on a going concern basis, the director believe this assumption to be appropriate based on the continuing financial support from the company's director.

If the going concern basis was not appropriate, adjustments would have to be made to restate the value of the assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 27 February 2024

and 26 February 2025

88,500

820

89,320

DEPRECIATION

At 27 February 2024

42,902

388

43,290

Charge for year

11,399

108

11,507

At 26 February 2025

54,301

496

54,797

NET BOOK VALUE

At 26 February 2025

34,199

324

34,523

At 26 February 2024

45,598

432

46,030

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 27 February 2024

6,697,923

Additions

170,000

Revaluations

(342,923

)

At 26 February 2025

6,525,000

NET BOOK VALUE

At 26 February 2025

6,525,000

At 26 February 2024

6,697,923

Fair value at 26 February 2025 is represented by:

£

Valuation in 2020

550,373

Valuation in 2021

309,793

Valuation in 2022

310,426

Valuation in 2023

146,019

Valuation in 2024

(172,445

)

Valuation in 2025

(342,923

)

Cost

5,723,757

6,525,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

91,934

40,500

Directors' current accounts

-

68,571

91,934

109,071

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,556

7,521

Other loans

-

267,396

Hire purchase contracts

46,707

11,936

Trade creditors

67,437

1,561

Corporation tax

5,407

5,191

Social security and other tax

3,409

-

Other creditors

589,759

787,863

Net wages

4,000

-

Accrued expenses

1,678

1,488

723,953

1,082,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,556

8,404

Bank loans - 2-5 years

18,056

18,576

Other loans - 1-2 years

-

267,396

Other loans - 2-5 years

-

1,069,582

Other loans more 5yrs instal

5,637,351

3,785,750

Hire purchase contracts

-

46,707

5,660,963

5,196,415

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

5,637,351

3,785,750

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

5,637,351

5,390,124

9.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 26 February 2025 and 26 February 2024:

2025

2024

£

£

R Khanna

Balance outstanding at start of year

68,571

(121,497

)

Amounts advanced

73,022

1,152,077

Amounts repaid

(141,593

)

(962,009

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

68,571

11.	RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £353,943 (2024: £242,353) due to Annika Properties Limited, company controlled by the director.

Included within other creditors is a balance of £138,332 (2024: £139,425) due to Wealth Investors Group Ltd, an associate company by way of sharing a shareholder and director.

Included within other debtors is a balance of £9,934 (2024: Nil) due from Bless Baraka Properties Limited, an associate company by way of sharing a shareholder and director.