REGISTERED NUMBER: 12480535 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Butshan Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Imann

REGISTERED OFFICE:

48 Lynmouth Road

London

N16 6XL

REGISTERED NUMBER:

12480535 (England and Wales)

ACCOUNTANTS:

London Accounting Group Ltd

FIXED ASSETS

Investment property

4

770,000

542,904

CURRENT ASSETS

Debtors

5

188,500

174,000

Cash at bank and in hand

263,418

1,089

451,918

175,089

CREDITORS

Amounts falling due within one year

6

377,476

380,486

NET CURRENT ASSETS/(LIABILITIES)

74,442

(205,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

844,442

337,507

CREDITORS

Amounts falling due after more than one year

7

(606,408

)

(321,315

)

PROVISIONS FOR LIABILITIES

8

(56,774

)

-

NET ASSETS

181,260

16,192

CAPITAL AND RESERVES

Called up share capital

9

1

1

Non distributable reserves

10

170,322

-

Retained earnings

10

10,937

16,191

SHAREHOLDERS' FUNDS

181,260

16,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 August 2026 and were signed by:

M Imann - Director

1.	STATUTORY INFORMATION

Butshan Properties Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

542,904

Revaluations

227,096

At 28 February 2026

770,000

NET BOOK VALUE

At 28 February 2026

770,000

At 28 February 2025

542,904

Fair value at 28 February 2026 is represented by:

£

Valuation in 2026

227,095

Cost

542,905

770,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Other debtors

188,500

174,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Taxation and social security

-

3,131

Other creditors

377,476

377,355

377,476

380,486

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans

606,408

321,315

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

606,408

321,315

8.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

£

Deferred tax

56,774

-

Deferred tax

£

Provided during year

56,774

Balance at 28 February 2026

56,774

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

£

£

At 1 March 2025

16,191

-

16,191

Profit for the year

165,068

165,068

Gains or losses from fair value adjustments

(227,096

)

227,096

-

Deferred tax

56,774

(56,774

)

-

At 28 February 2026

10,937

170,322

181,259