REGISTERED NUMBER: 09164083 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TALWARS & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S Talwar

Mrs P Talwar

SECRETARY:

Dr S Talwar

REGISTERED OFFICE:

40 High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

09164083 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

252

297

Investment property

5

3,817,842

3,399,439

3,818,094

3,399,736

CURRENT ASSETS

Debtors

6

4,192

45

Cash at bank

2,277

28,377

6,469

28,422

CREDITORS

Amounts falling due within one year

7

1,741,429

1,674,430

NET CURRENT LIABILITIES

(1,734,960

)

(1,646,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,083,134

1,753,728

CREDITORS

Amounts falling due after more than one year

8

(1,503,443

)

(1,606,043

)

PROVISIONS FOR LIABILITIES

(98,435

)

-

NET ASSETS

481,256

147,685

CAPITAL AND RESERVES

Called up share capital

10

2

2

Fair value reserve

11

295,304

-

Retained earnings

185,950

147,683

SHAREHOLDERS' FUNDS

481,256

147,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2026 and were signed on its behalf by:

Dr S Talwar - Director

1.	STATUTORY INFORMATION

Talwars & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the balance sheet date, the company owed £1,689,897 to a company under common control and this amount is shown as other creditors. There are no formal repayment terms and the company is only expected to make repayments when its cash flow allows. In addition, the shareholders intend to support the company for the foreseeable future and as a result the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.

Other operating income

Other operating income represents rent received from the letting of properties.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such an indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

905

DEPRECIATION

At 1 September 2024

608

Charge for year

45

At 31 August 2025

653

NET BOOK VALUE

At 31 August 2025

252

At 31 August 2024

297

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

3,399,439

Additions

24,664

Revaluations

393,739

At 31 August 2025

3,817,842

NET BOOK VALUE

At 31 August 2025

3,817,842

At 31 August 2024

3,399,439

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

393,739

Cost

3,424,103

3,817,842

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,600

45

Prepayments

2,592

-

4,192

45

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,652

6,810

Tax

11,279

18,063

Other creditors

1,689,897

1,634,987

Directors' current accounts

14,570

14,570

Accruals and deferred income

23,031

-

1,741,429

1,674,430

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

1,503,443

1,606,043

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,503,443

1,606,043

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,503,443

1,606,043

The bank loans are secured by debentures over the company assets and first legal charges over its properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

2025 £

2024 £

2

Ordinary

£1

2

2

1

A

£0.1

0.1

0.1

1

B

£0.1

0.1

0.1

1

C

£0.1

0.1

0.1

1

D

£0.1

0.1

0.1

11.

RESERVES

Fair

value

reserve

£

Transfer

295,304

At 31 August 2025

295,304