REGISTERED NUMBER: 01270203 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

IBONSHOURNE LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTORS:

Sameer Gaur

Suren Jain

Rajesh Malik

Mrs Manju Sharma

Randeep Waraich

REGISTERED OFFICE:

10 Ashburn Gardens

London

SW7 4DG

REGISTERED NUMBER:

01270203 (England and Wales)

AUDITORS:

MCA Audit Limited

7 St John's Road

Harrow

HA1 2EY

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the Company is the operation of a hotel business, providing accommodation, food and beverage services, and related hospitality services to customers.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

Sameer Gaur

Suren Jain

Rajesh Malik

Mrs Manju Sharma

Randeep Waraich

PERFORMANCE

During the year, the Company reported a profit before tax of £56,754 (2025: £75,119), representing a decrease year-on-year primarily due to increased administrative expenses, despite growth in turnover and gross profit.

The Company remains financially stable with a positive net asset position of £9.8m, largely supported by the value of its freehold property. However, the Company continues to operate with net current liabilities, with current assets lower than current liabilities, indicating some pressure on short-term liquidity.

GOING CONCERN

Directors have assessed the company's requirements for the foreseeable future and its ability to meet its liabilities from liquid assets when they fall due. The directors are confident that sufficient funds will be available to enable administrative operations to continue at a sustainable level for a period of at least 12 months from the date of approval of these financial statements.

The company therefore continues to adopt the going concern basis in preparing these financial statements.

The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, MCA Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Sameer Gaur - Director

23 July 2026

Opinion

We have audited the financial statements of Ibonshourne Limited (the 'company') for the year ended 31 March 2026 which comprise the Income statement, Balance sheet, Statement of changes in equity and Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We were unable to obtain sufficient audit evidence that the freehold property and freehold property improvements of £12,827,686 are correctly stated on the balance sheet as at 31 March 2026 and 31 March 2025. This was due to the fact that there was limited evidence available to us to support that the fair value at 31 March 2026 and 31 March 2025 does not differ materially from the fair value of £12,827,686 in accordance with the Company’s accounting policies as described in note 2 to the accounts. Consequently, we were unable to determine whether any adjustment to this amount was necessary. Any resulting adjustment would affect the balance sheet as at 31 March 2026 and 31 March 2025 and the statement of changes in equity for the year ended 31 March 2026 and 31 March 2025.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud.

The objectives of our audit in respect of fraud are to identify and assess the risks of material misstatement of the financial statements due to fraud, to obtain sufficient audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks, and to respond accordingly to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows: We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are the Companies Act 2006, the reporting framework section 1A of the Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and UK taxation legislation.

We understood how the company is complying with those frameworks by discussions with management. Where the risk was considered to be higher we performed audit procedures to address each identified fraud risk. These procedures included testing journals, reviewing large and/or unusual transactions, and analytical procedures on key estimates and confirming group balances. In addition, we completed procedures to conclude on the compliance of the disclosures in the financial statements with all applicable requirements.

There are inherent limitations in the audit procedures described above and the further the audit date is from the date of when the transactions reflected in the financial statements occurred, the less likely we are to become aware of irregularities and noncompliance. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting a material misstatement due to error because fraud, by nature, involves deliberate concealment by many means (for example collusion or intentional misrepresentations).

Our audit procedures in relation to fraud included but were not limited to:

"Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

"Gaining an understanding of the internal controls established to mitigate risks related to fraud;

"Discussing amongst the engagement team the risks of fraud; and

"Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities,as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

The risks of material misstatement that had the greatest effect on our audit are the valuation of the property and the going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shailesh Patel (Senior Statutory Auditor)

for and on behalf of MCA Audit Limited

7 St John's Road

Harrow

HA1 2EY

27 July 2026

TURNOVER

1,056,091

941,442

Cost of sales

202,118

162,677

GROSS PROFIT

853,973

778,765

Administrative expenses

743,801

621,795

OPERATING PROFIT

110,172

156,970

Interest payable and similar expenses

63,869

81,851

PROFIT BEFORE TAXATION

46,303

75,119

Tax on profit

5

20,513

18,606

PROFIT FOR THE FINANCIAL YEAR

25,790

56,513

FIXED ASSETS

Tangible assets

6

12,937,746

12,921,869

CURRENT ASSETS

Debtors

7

32,845

52,712

Cash at bank and in hand

89,397

219,885

122,242

272,597

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8

292,540

325,019

NET CURRENT LIABILITIES

(170,298

)

(52,422

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,767,448

12,869,447

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

9

(673,353

)

(814,068

)

PROVISIONS FOR LIABILITIES

10

(2,321,888

)

(2,308,962

)

NET ASSETS

9,772,207

9,746,417

CAPITAL AND RESERVES

Called up share capital

11

100,000

100,000

Revaluation reserve

12

8,908,383

8,908,383

Retained earnings

763,824

738,034

SHAREHOLDERS' FUNDS

9,772,207

9,746,417

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

Sameer Gaur - Director

Rajesh Malik - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2024

100,000

681,521

8,908,383

9,689,904

Changes in equity

Profit for the year

-

56,513

-

56,513

Total comprehensive income

-

56,513

-

56,513

Balance at 31 March 2025

100,000

738,034

8,908,383

9,746,417

Changes in equity

Profit for the year

-

25,790

-

25,790

Total comprehensive income

-

25,790

-

25,790

Balance at 31 March 2026

100,000

763,824

8,908,383

9,772,207

1.	STATUTORY INFORMATION

Ibonshourne 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.

Going concern

The financial statements have been prepared on a going concern basis, as the directors expect the Company to continue trading for at least twelve months from the date of approval.

The Company has continued to service its bank loan, and management has prepared forecasts and cash flow projections, which indicate that sufficient resources will be available to meet liabilities as they fall due. While the Company operates in a competitive industry and remains in a net current liability position with reduced cash reserves, management continues to monitor performance and liquidity closely and relies on ongoing cash generation and banking support.

The directors also recognise that the financial position is influenced by the valuation of freehold property, which involves estimation uncertainty.

Based on these considerations, the directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.

Revenue

Recognition Criteria: Revenue is only recognized when it is probable that future economic benefits will flow to the hotel and these benefits can be measured reliably. The hotel ensures that all conditions for revenue recognition as per FRS 102 are met before recognizing revenue. Revenue is measured at the fair value of the consideration received or receivable, net of discounts, VAT, and other sales-related taxes.

Accommodation sales: Revenue is recognised on the date the invoices are raised, when the guest checks out. The entity then recognises the appropriate apportionment of the year-end's revenue spanning over two financial periods through an accrued income journal.

Advance deposits: Payments received in advance for room bookings are initially recorded as liabilities (deferred revenue) and recognized as revenue on the date of invoice, generally upon check out. This means that all guest money received, whether paid in advance as a non refundable ticket or paid upon arrival as a flexible ticket, are recognised in the pre-paid allocated reservations, or Deposit Control account.

Tangible fixed assets

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

Freehold property improvements - 10-20% per annum at cost

Plant and machinery etc - 20% on cost

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated buts not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that is is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits: and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Revaluation of tangible fixed assets

Freehold properties are carried at fair value determined by its directors and derived from the current market values for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided.

Fair values are determined with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Valuations are completed by external valuers.

Revaluation gains and losses are recognised int he statement of comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits. In which case the excess losses are recognised in profit or loss.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets

Basic financial assets, including trade and other debtors, 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.

At the end of each reporting period financial assets measured at amortised cost 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 the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

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) 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.

Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, 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.

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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Functional and presentation currency

The company's functional and presentational currency is GBP. The accounts are rounded to the nearest pound.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 18 ) .

None of the directors (2025: none) have received any remunerations for their services to the company during the year nor are they accruing any benefits under retirement benefit schemes operated by the company (2025: £nil).

4.	AUDITORS' REMUNERATION

2026

2025

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,450

10,000

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

7,587

552

Deferred tax

12,926

18,054

Tax on profit

20,513

18,606

UK corporation tax has been charged at 25% .

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2026

2025

£

£

Profit before tax

46,303

75,119

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 19%)

11,576

14,273

Effects of:

Expenses not deductible for tax purposes

3,978

-

Capital allowances in excess of depreciation

(7,217

)

(13,721

)

Deferred tax

12,926

18,054

Marginal relief

(750

)

-

Total tax charge

20,513

18,606

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2025

12,827,686

1,119,717

362,163

14,309,566

Additions

-

35,678

5,757

41,435

At 31 March 2026

12,827,686

1,155,395

367,920

14,351,001

DEPRECIATION

At 1 April 2025

-

1,086,601

301,096

1,387,697

Charge for year

-

11,312

14,246

25,558

At 31 March 2026

-

1,097,913

315,342

1,413,255

NET BOOK VALUE

At 31 March 2026

12,827,686

57,482

52,578

12,937,746

At 31 March 2025

12,827,686

33,116

61,067

12,921,869

Included in valuation of land and buildings is freehold land at a cost of £1,564,825 (2025 - £1,564,825) which is not depreciated.

The directors have not revalued the freehold property as they believe that the valuation has not changed significantly from previous years.

The freehold property is subject to an existing attachment order, which is currently under appeal. Further details are set out in Note 13.

Cost or valuation at 31 March 2026 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

Valuation in 2026

-

35,678

5,757

41,435

Valuation in 2025

-

10,214

60,426

70,640

Valuation in 2020

11,262,861

-

-

11,262,861

Cost

1,564,825

1,109,503

301,737

2,976,065

12,827,686

1,155,395

367,920

14,351,001

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,439

7,313

Other debtors

7,438

6,995

Prepayments

9,261

33,374

Accrued income

8,707

5,030

32,845

52,712

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

137,755

130,239

Trade creditors

6,217

26,872

Amounts owed to group undertakings

40,789

42,260

Corporation Tax payable

7,658

552

Social security and other taxes

7,712

147

VAT

9,333

23,403

Other creditors

59,779

76,387

Accrued expenses

23,297

25,159

292,540

325,019

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

673,353

814,068

The bank loan is secured on the freehold property held by the company. Monthly interest payments at the rate of 3% + Base Rate are made on the bank loan. The bank loan is paid in instalments and is repayable in 2031 of which £130,033 is due in more than five years.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,321,888

2,308,962

Deferred

tax

£

Balance at 1 April 2025

2,308,962

Charge to Income Statement during year

12,926

Balance at 31 March 2026

2,321,888

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100,000

Ordinary

1

100,000

100,000

12.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

8,908,383

13.	CONTINGENT LIABILITIES

The Indian Directorate of Enforcement issued a Provisional Attachment Order on 29th July 2021 confirmed by the Indian Adjudicating Authority for the Prevention of Money Laundering Act 2002 on 29th April 2022 attaching 39.5% of the company’s freehold property on a matter relating to a minority shareholder of the company. The Company has filed an appeal against the attachment order as it is in no way concerned with the matter of acquisition of shares by the said minority shareholder from another shareholder of the Company. On the basis of legal advice received and arguments presented, the Directors are of the opinion that the Appeal is likely to succeed and no provision is required.

14.	RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £40,789 (2025 - £42,260) to an entity holding control over the company.

15.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,161 (2025 - £4,342). Contributions totalling £1,143 (2025 - £832) were payable to the fund at the balance sheet date.

16.	PARENT UNDERTAKINGS

The immediate parent undertaking of the company is Indesign Enterprises Private Limited, a company incorporated in Cyprus, whose registered office address is 8 Alceou Street, Amaral 21, 4th Floor, Flat 401, 1060, Nicosia, Cyprus.

The company's ultimate parent undertaking and the parent undertaking of the smallest and largest group which prepares consolidated financial statements, which includes the results of the company, is Jaypee Infra Ventures Private Limited, a company incorporated in India. Copies of the company's financial statements can be obtained from http://www.mca.gov.in/MCA21/.