REGISTERED NUMBER: 05079520 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

BAKHATY PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Bakhaty

Mrs M H G Bakhaty

SECRETARY:

Mrs M H G Bakhaty

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

05079520 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

BANKERS:

Handelsbanken Plc

Winchester Branch

1 Crown Walk

Jewry Street

Winchester

Hampshire

SO23 8BB

FIXED ASSETS

Tangible assets

4

61,180

31,497

Investment property

5

19,713,961

19,710,672

19,775,141

19,742,169

CURRENT ASSETS

Debtors

6

62,400

153,715

Investments

7

95,296

151,264

Cash at bank

837,899

683,726

995,595

988,705

CREDITORS

Amounts falling due within one year

8

799,450

472,650

NET CURRENT ASSETS

196,145

516,055

TOTAL ASSETS LESS CURRENT LIABILITIES

19,971,286

20,258,224

CREDITORS

Amounts falling due after more than one year

9

(5,000,000

)

(5,003,334

)

PROVISIONS FOR LIABILITIES

(2,019,171

)

(2,011,200

)

NET ASSETS

12,952,115

13,243,690

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

11

7,991,169

7,991,169

Retained earnings

4,960,746

5,252,321

SHAREHOLDERS' FUNDS

12,952,115

13,243,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 21st July 2026 and were signed on its behalf by:

M A Bakhaty - Director

1.	STATUTORY INFORMATION

Bakhaty Property 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 net invoiced rent and service charges receivable from tenants, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on reducing balance, 25% on reducing balance and 10% on cost

Investment property

The company carries investment property on the balance sheet at fair value. Any changes to fair value are recognised in the profit and loss.

No depreciation is provided for in respect of investment properties as they are accounted for under the provisions of Section 16 of FRS 102.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

872,108

Additions

41,665

At 31st March 2026

913,773

DEPRECIATION

At 1st April 2025

840,611

Charge for year

11,982

At 31st March 2026

852,593

NET BOOK VALUE

At 31st March 2026

61,180

At 31st March 2025

31,497

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

19,710,672

Additions

3,289

At 31st March 2026

19,713,961

NET BOOK VALUE

At 31st March 2026

19,713,961

At 31st March 2025

19,710,672

Fair value at 31st March 2026 is represented by:

£

Valuation in 2008

1,114,888

Valuation in 2009

592,556

Valuation in 2012

62,398

Valuation in 2016

8,227,706

Valuation in 2020

(1,000,000

)

Valuation in 2021

1,000,000

Cost

9,716,413

19,713,961

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

2026

2025

£

£

Cost

9,693,492

9,693,492

Investment property were valued on open market basis on 31st March 2026 by the director Mr M Bakhaty .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

46,286

68,832

Other debtors

16,114

84,883

62,400

153,715

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Unlisted investments

95,296

151,264

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,334

10,000

Trade creditors

7,652

70,373

Amounts owed to group undertakings

81,811

81,838

Taxation and social security

51,223

41,228

Other creditors

655,430

269,211

799,450

472,650

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

5,000,000

5,003,334

During the year ended 31sr March 2024 the company entered into a £5m loan agreement, the terms of which are as follows:-

1) Repayable in full on maturity (27/09/2028)

2) Interest payable quarterly at a rate of 2.5% over base rate.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

5,003,334

5,013,334

The £5,000,000 loan is secured as follows:-

1. First legal charges over freehold property held in the company dated 28 September 2018.

2. First legal charge over leasehold property held in the company dated 28 September 2018.

3. Debenture dated 28 September 2018.

11.

RESERVES

Fair

value

reserve

£

At 1st April 2025

and 31st March 2026

7,991,169

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

M A Bakhaty and Mrs M H G Bakhaty

Balance outstanding at start of year

979

25

Amounts advanced

350,000

173,000

Amounts repaid

(350,042

)

(172,046

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

937

979

13.	RELATED PARTY DISCLOSURES

At 31st March 2026 £81,811 (2025 - £81,838) was owed to Hansen Property Limited a company under the control of the directors Mr & Mrs Bakhaty. This is an interest free loan and is repayable on demand.

At 31st March 2025 the company was owed £860 by Hansen Goodlad Ltd a company under the control of a connected person. This is an interest free loan and is repayable on demand During the year to 31st March 2026 this was repaid in full and £nil was owed at the year end.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr & Mrs Bakhaty by virtue of their majority shareholding in MAB Wessex Limited, the parent company.