Company registration number 13718275 (England and Wales)
Bajwa Associates (Property) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Pages For Filing With Registrar
Bajwa Associates (Property) Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Bajwa Associates (Property) Ltd
Balance Sheet
As At 31 December 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
181,180
181,180
Current assets
Cash at bank and in hand
1,870
300
Creditors: amounts falling due within one year
5
(186,982)
(185,736)
Net current liabilities
(185,112)
(185,436)
Net liabilities
(3,932)
(4,256)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(3,933)
(4,257)
Total equity
(3,932)
(4,256)

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 July 2026
Mr A Bajwa
Director
Company registration number 13718275 (England and Wales)
Bajwa Associates (Property) Ltd
Notes To The Financial Statements
For The Year Ended 31 December 2025
Page 2
1
Accounting policies
Company information

Bajwa Associates (Property) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Carriage House, Mill Street, Maidstone, Kent, ME15 6YE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, with the sole exception of investment properties which although are initially measured at cost are then subsequently held at fair value at the end of the reporting year with any changes in fair value being reported through the statement of profit and loss. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises gross rentals net of value added tax and other sales taxes, less an appropriate deduction

for actual and expected returns and discounts. Gross rentals are recognised on a straight line basis over the

lease term on an accruals basis. Sundry other income is recognised when receivable.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Rental Income

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Rental Income

Rental income is recognized on a straight-line basis over the term of the lease agreements. Gross rental

income, including payments from tenants, is recognized in the income statement. Deductible expenses,

including maintenance and repairs, property taxes, and insurance, are deducted from gross rental income to

arrive at net rental income.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Bajwa Associates (Property) Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
1
Accounting policies
(Continued)
Page 3
1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Bajwa Associates (Property) Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2025
Page 4
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
181,180

Investment property comprises property at a fair value of £181,180. The valuation has been arrived at by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
186,982
185,736
6
Related party transactions
2025
2024
Amounts due to related parties
£
£
Other related parties
98,924
97,228
7
Directors' transactions

An interest free loan has been granted by the director to the company as follows:

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr A Bajwa -
-
87,378
(504)
86,874
87,378
(504)
86,874
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