Company No: 10108523 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S Gandesha (Appointed 02 September 2024)
	H Gandesha (Resigned 02 September 2024)
	N Gandesha (Resigned 02 September 2024)
	K Patel (Appointed 02 September 2024)

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

10108523 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,488		6,645
Investment property	4	2,425,000		2,400,000
		2,430,488		2,406,645
Current assets
Debtors	5	603,730		450,359
Cash at bank and in hand		2,400		12,656
		606,130		463,015
Creditors: amounts falling due within one year	6	( 1,158,184)		( 1,011,444)
Net current liabilities		(552,054)		(548,429)
Total assets less current liabilities		1,878,434		1,858,216
Creditors: amounts falling due after more than one year	7, 8	( 1,152,500)		( 1,177,005)
Provision for liabilities		( 62,324)		( 56,074)
Net assets		663,610		625,137
Capital and reserves
Called-up share capital		300		300
Fair value reserve		186,972		168,222
Profit and loss account		476,338		456,615
Total shareholders' funds		663,610		625,137

For the financial year ending 31 August 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gandesha Estates Limited (registered number: 10108523) were approved and authorised for issue by the Board of Directors on 18 May 2026. They were signed on its behalf by:

S Gandesha Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gandesha Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents total rental income receivable for the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

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

Plant and machinery etc.

25 % reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2024	20,279		20,279
Additions	620		620
At 31 August 2025	20,899		20,899
Accumulated depreciation
At 01 September 2024	13,634		13,634
Charge for the financial year	1,777		1,777
At 31 August 2025	15,411		15,411
Net book value
At 31 August 2025	5,488		5,488
At 31 August 2024	6,645		6,645

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	2,400,000
Fair value movement	25,000
As at 31 August 2025	2,425,000

Valuation

Investment properties were valued on fair value basis on 31 August 2025 by independent surveyors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,175,705		2,175,705

5. Debtors

	2025		2024
	£		£
Trade debtors	6,963		0
Amounts owed by Group undertakings	596,155		449,841
Other debtors	612		518
	603,730		450,359

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	85,792		92,740
Trade creditors	23,807		7,118
Amounts owed to Group undertakings	256,485		129,901
Other creditors	792,100		781,685
	1,158,184		1,011,444

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,152,500		1,177,005

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	775,815		769,796

8. Secured debts

The following secured debts are included within creditors:

	2025		2024
	£		£
Bank loans	1,238,292		1,269,745

The loans are secured on the investment properties held by the company. The directors have also provided personal guarantee for a sum of £156,000