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Registration number: 08434774 (England and Wales)

Northwest Globals UK Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Northwest Globals UK Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 12

Northwest Globals UK Ltd

Company Information

Director | Mr Rajinder Kumar Bhalla

Registered office | The Vista Centre, Suite 1A-46 50 Salisbury Road Hounslow United Kingdom TW4 6JQ

Accountants | KNAV Advisory Limited (formerly Aventus Partners Limited) Chartered AccountantsHygeia Building Ground Floor 66-68 College Road Harrow Middlesex HA1 1BE

Northwest Globals UK Ltd

(Registration number: 08434774) (England and Wales)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 637 | 513
Current assets |  |  |
Stocks | 5 | 5,030 | 13,101
Debtors | 6 | 16,176 | 18,244
Cash at bank and in hand |  | 35,191 | 10,709
|  | 56,397 | 42,054
Creditors: Amounts falling due within one year | 7 | (57,610) | (47,906)
Net current liabilities |  | (1,213) | (5,852)
Total assets less current liabilities |  | (576) | (5,339)
Creditors: Amounts falling due after more than one year | 7 | - | (3,333)
Net liabilities |  | (576) | (8,672)
Capital and reserves |  |  |
Called up share capital | 9 | 4,250 | 4,250
Retained earnings |  | (4,826) | (12,922)
Shareholders' deficit |  | (576) | (8,672)

For the financial 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.

Director's 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; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 3 July 2026

Northwest Globals UK Ltd

(Registration number: 08434774) (England and Wales)
Balance Sheet as at 31 March 2026 (continued)

......................................... Mr Rajinder Kumar Bhalla Director |  |

Northwest Globals UK Ltd

Statement of Changes in Equity for the Year Ended 31 March 2026

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 4,250 | (13,306) | (9,056)
Profit for the year | - | 384 | 384
At 31 March 2025 | 4,250 | (12,922) | (8,672)

| Share capital £ | Retained earnings £ | Total £
At 1 April 2025 | 4,250 | (12,922) | (8,672)
Profit for the year | - | 8,096 | 8,096
At 31 March 2026 | 4,250 | (4,826) | (576)

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Vista Centre, Suite 1A-46
50 Salisbury Road
Hounslow
TW4 6JQ
United Kingdom

The principal place of business is:
The Vista Centre, Suite 1A-46
50 Salisbury Road
Hounslow
TW4 6JQ
United Kingdom

These financial statements were authorised for issue by the director on 3 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the director is confident that the company has adequate resources to continue its operational existence for the foreseeable future and is willing to provide the necessary financial support as and when required.

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% on reducing balance method

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

Financial instruments

(i) Financial assets
Basic financial assets, including trade, other debtors, and cash and bank balances, and amounts due from fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.
At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2 | Accounting policies (continued)

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, and amounts due to fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit or Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

3 | Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 3 (2025: 3).

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2025 | 2,535 | 2,535
Additions | 336 | 336
At 31 March 2026 | 2,871 | 2,871
Depreciation
At 1 April 2025 | 2,022 | 2,022
Charge for the year | 212 | 212
At 31 March 2026 | 2,234 | 2,234
Carrying amount
At 31 March 2026 | 637 | 637
At 31 March 2025 | 513 | 513

5 | Stocks

| 2026 £ | 2025 £
Other inventories | 5,030 | 13,101

6 | Debtors

| 2026 £ | 2025 £
Trade debtors | 10,580 | 7,766
Other debtors | 1,346 | 1,203
Called up share capital not paid | 4,250 | 4,250
Accrued income | - | 5,025
| 16,176 | 18,244

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | 3,333 | 10,000
Trade creditors |  | 14,752 | 20,404
Taxation and social security |  | 772 | 772
Other creditors |  | 36,745 | 8,955
Directors current account |  | 908 | 6,675
Accruals and deferred income |  | 1,100 | 1,100
|  | 57,610 | 47,906

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 3,333

8 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 3,333 | 10,000

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | - | 3,333

Bank borrowings consists of a government-backed Bounce Back Loan with a repayment term of 6 years from August 2021. The interest rate applicable to the loan is 2.5% with the first 12 months interest being covered by the government.

Northwest Globals UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

9 | Share capital

Allotted, called up and not fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 4,250 | 4,250 | 4,250 | 4,250

10 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 21,600 | 21,600

11 | Parent and ultimate parent undertaking

The company's immediate parent is Northwest Travels Private Limited, incorporated in India.
The ultimate controlling party is Mr Rajinder Kumar Bhalla.