Biba Group Of Hotels UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Biba Group Of Hotels UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16603327 . The registered office is 193-197 High Holborn, London, WC1V 7BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15% on reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

Financial instruments

The comply elected to apply the provisions of section 11 "Basic Financial Instruments" and section 12 "other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in company's statement of financial position when the company became party to the contractual provisions of the instruments. Financial assets and liabilities are offset, with the net amount presented in the financial statements. When there is a legally enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets which include trade and other receivables, cash and bank balances, are initially measured at transaction price including transaction cost 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 present value of the future receipts discounted at a market rate of interest.

Impairment of Financial Assets

...CONTINUED

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Biba Group Of Hotels UK Limited

Notes to the Financial Statements (continued)

For the Period 24 July 2025 to 31 March 2026

2.6. Financial Instruments - continued

Financial Assets other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial Assets are impaired where there is objective evidence that as a result of one or more events that accrued after the initial recognition of the financial assets, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between carrying amount and the present value of 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 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 carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of Financial Asset

Financial assets are derecognised only when contractual right to the cash flow from the asset expire or are settled, or when the company transfer the financial asset and substantially all the risk and reward of ownership to another entity, or if some of significant risk and rewards of ownerships are retained but control of asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Trade payables are obligation to pay for goods and services that have been acquired in ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using effective interest rate method. Financial liabilities and equity instruments are classified according to the substance to the contractual arrangement entered into. An equity instrument is a contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substances 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 include trade and other payables, bank loan, loan from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Debt instruments are subsequently carried at cost, using effective interest rate method.

Derecognition of Financial Liabilities

Financial liabilities are derecognised when the company's contractual obligation expire or are discharged or cancelled.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Biba Group Of Hotels UK Limited

Notes to the Financial Statements (continued)

For the Period 24 July 2025 to 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 24 July 2025	-
Additions	46,822

As at 31 March 2026	46,822

Depreciation
As at 24 July 2025	-
Provided during the period	1,559

As at 31 March 2026	1,559

Net Book Value
As at 31 March 2026	45,263

As at 24 July 2025	-

5. Investment Property

	31 March 2026
	£
Fair Value
As at 24 July 2025	-
Additions	2,015,520

As at 31 March 2026	2,015,520

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. Debtors

	31 March 2026
	£
Due within one year
Other debtors	230,026

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026
	£
Amounts owed to group undertakings	1,077,152
Other creditors	3,036

	1,080,188

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Biba Group Of Hotels UK Limited

Notes to the Financial Statements (continued)

For the Period 24 July 2025 to 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026
	£
Bank loans	1,301,488

9. Loans

An analysis of the maturity of loans is given below:

	31 March 2026
	£
Amounts falling due between one and five years:
Bank loans	1,301,488

10. Share Capital

	31 March 2026
Allotted, called up but not fully paid	£
100 Ordinary Shares of £ 1.00 each	100

11. Related Party Disclosures

At the year end, the company owed £1,077,152 to Noor Group of Hotels (UK) Ltd, a related party under common control. The balance is interest free, unsecured and repayable on demand.

12. Controlling Parties

The company's ultimate controlling party is Jewel Classic Hotels Private Limited .

The company is controlled by Mr Manbeer Choudhary and Mrs Binny Choudhary by virtue of their majority shareholding in Jewel Classic Hotels Private Limited (India), the ultimate parent company.

The company is a subsidiary of Jewel Classic Hotels Private Limited, incorporated in India which contains the largest group accounts. Copies of the group accounts for Jewel Classic Hotels Private Limited (India) are available from 16 The Mall, Karnal. Haryana, India 132001.

13. Audit Information

The auditor's report on the accounts of Biba Group Of Hotels UK Limited for the period ended 31 March 2026 was unqualified.

The auditor's report was signed by Devender Arora FCA (Senior Statutory Auditor) for and on behalf of The Corporate Practice Limited , Statutory Auditor.

The Corporate Practice Limited

Chartered Accountants and Statutory Auditors

65 Delamere Road

Hayes

Middlesex

UB4 0NN

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		31 March 2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		45,263
Investment Properties	5		2,015,520

			2,060,783
CURRENT ASSETS
Debtors	6	230,026
Cash at bank and in hand		42,995

		273,021
Creditors: Amounts Falling Due Within One Year	7	(1,080,188 )

NET CURRENT ASSETS (LIABILITIES)			(807,167 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,253,616

Creditors: Amounts Falling Due After More Than One Year	8		(1,301,488 )

NET LIABILITIES			(47,872 )

CAPITAL AND RESERVES
Called up share capital	10		100
Profit and Loss Account			(47,972 )

SHAREHOLDERS' FUNDS			(47,872)