Vishal Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14203399 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Vishal Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D S Kasba

Mr R S Kasba

REGISTERED OFFICE:

44 Arthur Road

Southampton

SO15 5DU

REGISTERED NUMBER:

14203399 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Investment property

4

1,050,000

550,000

CURRENT ASSETS

Debtors

5

10,605

109,081

Cash at bank

9,585

145,886

20,190

254,967

CREDITORS

Amounts falling due within one year

6

33,030

83,216

NET CURRENT (LIABILITIES)/ASSETS

(12,840

)

171,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,037,160

721,751

CREDITORS

Amounts falling due after more than one
year

7

(786,261

)

(579,223

)

PROVISIONS FOR LIABILITIES

(69,187

)

(32,481

)

NET ASSETS

181,712

110,047

CAPITAL AND RESERVES

Called up share capital

1,000

Fair value reserve

8

207,561

97,443

Retained earnings

8

(26,849

)

11,604

SHAREHOLDERS' FUNDS

181,712

110,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 June 2026 and were signed on its behalf by:

Mr R S Kasba - Director

1.	STATUTORY INFORMATION

Vishal Developments Ltd 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

550,000

Additions

353,177

Revaluations

146,823

At 30 June 2025

1,050,000

NET BOOK VALUE

At 30 June 2025

1,050,000

At 30 June 2024

550,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

550,000

Valuation in 2025

500,000

1,050,000

If the properties had not been revalued they would have been included at the following historical cost:

30.6.25

30.6.24

£

Cost

773,252

420,075

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Other debtors

2,676

-

Directors' current accounts

7,929

109,081

10,605

109,081

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Corporation tax

2,676

2,509

Other creditors

2,000

-

Directors' current accounts

27,114

79,514

Accrued expenses

1,240

1,193

33,030

83,216

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.6.25

30.6.24

£

Bank loans more 5 yrs non-inst

502,144

259,875

Other creditors

284,117

319,348

786,261

579,223

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

502,144

259,875

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 July 2024

11,604

97,443

109,047

Profit for the year

71,664

Fair Value Reserve

-

110,118

To Fair Value Reserve

(110,117

)

-

(110,117

)

At 30 June 2025

(26,849

)

207,561

180,712

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

Mr R S Kasba

Balance outstanding at start of year

(79,514

)

(76,650

)

Amounts advanced

52,400

43,778

Amounts repaid

-

(46,642

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(27,114

)

(79,514

)

Mr D S Kasba

Balance outstanding at start of year

109,082

(24,467

)

Amounts advanced

14,214

336,674

Amounts repaid

(115,367

)

(203,125

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,929

109,082

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr D and Mr R Kasba throughout the current period. Mr R Kasba is the managing director.

The company currently owes HR & Sons Properties Ltd of £284,057 (2024 - £318,057) which Mr R Kasba is a director and shareholder of.