JOHAL MUNSHI & CO LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01150289

JOHAL MUNSHI & CO LIMITED

Filleted Unaudited Financial Statements

31 October 2025

JOHAL MUNSHI & CO LIMITED

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	2,891,389	2,893,129
Investments	5	60,326	415,870
		------------	------------
		2,951,715	3,308,999

Current assets

Debtors	6	3,225,735	2,594,074
Cash at bank and in hand		125,903	428,724
		------------	------------
		3,351,638	3,022,798

Creditors: amounts falling due within one year	7	634,441		672,731
		------------		------------
Net current assets			2,717,197	2,350,067
			------------	------------
Total assets less current liabilities			5,668,912	5,659,066

Creditors: amounts falling due after more than one year	8	1,737,701	1,885,094
		------------	------------
Net assets		3,931,211	3,773,972
		------------	------------

Capital and reserves

Called up share capital	131,838	131,838
Share premium account	663,370	663,370
Revaluation reserve	1,774,920	1,774,920
Profit and loss account	1,361,083	1,203,844
	------------	------------
Shareholders funds	3,931,211	3,773,972
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JOHAL MUNSHI & CO LIMITED

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:

Johalco Ltd

Director

Company registration number: 01150289

JOHAL MUNSHI & CO LIMITED

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 184 Nottingham Road, Nottingham, NG7 7BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	-	See note below
Plant and machinery	-	20% straight line

As both freehold and leasehold properties are held for investment purposes, no provision has been made for annual depreciation Instead all properties are subject to annual revaluation by the directors to an open market value.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Total
	£	£	£	£
Cost
At 1 November 2024 and 31 October 2025	2,122,845	794,549	462,779	3,380,173
	------------	---------	---------	------------
Depreciation
At 1 November 2024	–	27,709	459,335	487,044
Charge for the year	–	–	1,740	1,740
	------------	---------	---------	------------
At 31 October 2025	–	27,709	461,075	488,784
	------------	---------	---------	------------
Carrying amount
At 31 October 2025	2,122,845	766,840	1,704	2,891,389
	------------	---------	---------	------------
At 31 October 2024	2,122,845	766,840	3,444	2,893,129
	------------	---------	---------	------------

Included within the net book value of Freehold Property and Leasehold Property at 31 October 2025 is Investment Property at a valuation of £2,889,685 (2024 £2,889,685). This valuation was undertaken by the directors at 31 October 2025 on the basis of an open market value.

5. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 November 2024	41,508	864,562	906,070
Disposals	–	( 355,544)	( 355,544)
	--------	---------	---------
At 31 October 2025	41,508	509,018	550,526
	--------	---------	---------
Impairment
At 1 November 2024 and 31 October 2025	200	490,000	490,200
	--------	---------	---------

Carrying amount
At 31 October 2025	41,308	19,018	60,326
	--------	---------	---------
At 31 October 2024	41,308	374,562	415,870
	--------	---------	---------

The market value of other investments at 31 October 2025 was £2,855(2024 £465,765).

6. Debtors

	2025	2024
	£	£
Trade debtors	118,291	151,109
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,087,819	2,321,825
Other debtors	19,625	121,140
	------------	------------
	3,225,735	2,594,074
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	203,812	174,648
Trade creditors	94,530	127,487
Amounts owed to group undertakings and undertakings in which the company has a participating interest	290,000	289,995
Social security and other taxes	21,507	54,508
Other creditors	24,592	26,093
	---------	---------
	634,441	672,731
	---------	---------

Bank loans and overdrafts are secured on the assets of the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	1,737,701	1,885,094
	------------	------------