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Company Registration No. 13969942 (England and Wales)
Balbir Properties Limited Unaudited accounts for the year ended 31 March 2026
Balbir Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Balbir Properties Limited Company Information for the year ended 31 March 2026
Directors
Gurbachan Balbir Singh Ghataoura Gurjit Kaur Ghataoura
Company Number
13969942 (England and Wales)
Registered Office
Balbir House Vishkarma Park Norton Green Road Stevenage Hertfordshire SG1 2BA United Kingdom
Accountants
McCabe Accounting Limited 83A High Street Stevenage SG1 3HR
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Balbir Properties Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
39,381
8,657
Investment property
5
2,250,000
2,250,000
Investments
6
188,024
214,920
2,477,405
2,473,577
Current assets
Debtors
7
36,984
24,530
Cash at bank and in hand
6,233
6,380
43,217
30,910
Creditors: amounts falling due within one year
8
(106,758)
(134,218)
Net current liabilities
(63,541)
(103,308)
Total assets less current liabilities
2,413,864
2,370,269
Creditors: amounts falling due after more than one year
9
(848,565)
(833,774)
Provisions for liabilities
Deferred tax
(296,192)
(290,355)
Net assets
1,269,107
1,246,140
Capital and reserves
Called up share capital
2
2
Revaluation reserve
1,230,816
1,230,816
Profit and loss account
38,289
15,322
Shareholders' funds
1,269,107
1,246,140
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. 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 23 June 2026 and were signed on its behalf by
Gurbachan Balbir Singh Ghataoura Director Company Registration No. 13969942
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Balbir Properties Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Balbir Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13969942. The registered office is Balbir House, Vishkarma Park, Norton Green Road, Stevenage, Hertfordshire, SG1 2BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the value of fees receivable exclusive of Value Added Tax and is recognised when the service has been provided. The whole of the turnover is attributable to fees receivable from rental income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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 accounts. 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.
- 5 -
Balbir Properties Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2025
12,229
Additions
53,512
Disposals
(23,769)
At 31 March 2026
41,972
Depreciation
At 1 April 2025
3,572
Charge for the year
1,691
On disposals
(2,672)
At 31 March 2026
2,591
Net book value
At 31 March 2026
39,381
At 31 March 2025
8,657
5
Investment property
2026
£
Fair value at 1 April 2025
2,250,000
At 31 March 2026
2,250,000
The investment property was valued on an open market basis on 28 February 2023 by Davies & Co Chartered Surveyors. In the opinion of the directors, the market value as at March 2026 is not materially different to that as at the valuation date.
6
Investments
Other investments
£
Valuation at 1 April 2025
214,920
Additions
150,000
Disposals
(176,896)
Valuation at 31 March 2026
188,024
7
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
3,045
-
Trade debtors
10,973
1,552
Accrued income and prepayments
16,972
16,984
Other debtors
5,994
5,994
36,984
24,530
- 6 -
Balbir Properties Limited Notes to the Accounts for the year ended 31 March 2026
8
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
1,620
25,239
Taxes and social security
2,160
6,001
Other creditors
71,756
71,756
Accruals
1,250
1,250
Deferred income
29,972
29,972
106,758
134,218
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Loans from directors
848,565
833,774
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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