Bhaggo Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05129698 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

BHAGGO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Takhar

P S Takhar

SECRETARY:

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

05129698 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Investment property

4

16,329,623

CURRENT ASSETS

Debtors

5

11,400,475

9,620,793

Cash in hand

2,748

4,333

11,403,223

9,625,126

CREDITORS

Amounts falling due within one year

6

2,213,307

1,736,095

NET CURRENT ASSETS

9,189,916

7,889,031

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,519,539

24,218,654

CREDITORS

Amounts falling due after more than one
year

7

(10,762,479

)

(10,962,479

)

PROVISIONS FOR LIABILITIES

(1,304,073

)

(1,304,073

)

NET ASSETS

13,452,987

11,952,102

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

9

5,384,164

4,085,234

Fair value reserve

9

5,559,468

Retained earnings

2,509,354

2,307,399

SHAREHOLDERS' FUNDS

13,452,987

11,952,102

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 26 June 2026 and were signed on its behalf by:

P S Takhar - Director

1.	STATUTORY INFORMATION

Bhaggo 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.

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.

Turnover

Turnover represents rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve except where any deficit deemed permanent when it is taken to the profit and loss account. No provision is made for depreciation of investment property. This departure from the requirements of the Regulations, which require all properties to be depreciated, is in opinion of the directors, necessary for the Financial Statements to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 accounts have been prepared on going concern basis which assumes that the company will continue to receive adequate financial assistance from the Directors, Bankers, other creditors and fellow subsidiaries.

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

and 30 June 2025

16,329,623

NET BOOK VALUE

At 30 June 2025

16,329,623

At 30 June 2024

16,329,623

Fair value at 30 June 2025 is represented by:

£

Valuation in 2009

4,085,234

Valuation in 2019

6,863,541

Cost

5,380,848

16,329,623

5.

DEBTORS

30.6.25

30.6.24

£

Amounts falling due within one year:

Trade debtors

276,118

102,771

Other debtors

1,738,276

823

2,014,394

103,594

Amounts falling due after more than one year:

Amounts owed by associates

9,386,081

9,517,199

Aggregate amounts

11,400,475

9,620,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

1,661,371

1,685,919

Trade creditors

-

1,118

Taxation and social security

493,689

(3,171

)

Other creditors

58,247

52,229

2,213,307

1,736,095

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

Bank loans

5,953,600

6,153,600

Amounts owed to associates

4,808,879

10,762,479

10,962,479

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

Bank loans

7,542,000

7,742,000

9.

RESERVES

Fair

Revaluation

value

reserve

Totals

£

At 1 July 2024

4,085,234

5,559,468

9,644,702

SoCIE line item with acc967/31

1,298,930

-

1,298,930

At 30 June 2025

5,384,164

5,559,468

10,943,632

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P S Takhar.

The ultimate controlling party is Mr P S Takhar who holds 100% of the issued share capital of the company.