REGISTERED NUMBER: 14943725 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Malhi Capital Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L R Malhi

Mrs J Malhi

Mr H K Malhi

Mr D Malhi

REGISTERED OFFICE:

2 John Street

Hinckley

Leicestershire

LE10 1UY

REGISTERED NUMBER:

14943725 (England and Wales)

ACCOUNTANTS:

Xitax Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Investments

4

671,210

671,210

Investment property

5

5,235,420

4,695,537

5,906,630

5,366,747

CURRENT ASSETS

Stocks

230,980

-

Debtors

6

75,505

18,080

Cash at bank

-

201,104

306,485

219,184

CREDITORS

Amounts falling due within one year

7

902,001

349,210

NET CURRENT LIABILITIES

(595,516

)

(130,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,311,114

5,236,721

CREDITORS

Amounts falling due after more than one year

8

(2,500,000

)

(2,500,000

)

PROVISIONS FOR LIABILITIES

(389,327

)

(379,542

)

NET ASSETS

2,421,787

2,357,179

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

1,386,926

1,386,926

Revaluation reserve

10

291,103

261,749

Other reserves

531,161

531,161

Retained earnings

212,497

177,243

2,421,787

2,357,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 27 August 2026 and were signed on its behalf by:

Mr D Malhi - Director

1.	STATUTORY INFORMATION

Malhi Capital Holdings 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2024

and 30 November 2025

671,210

NET BOOK VALUE

At 30 November 2025

671,210

At 30 November 2024

671,210

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

4,695,537

Additions

692,004

Revaluations

229,416

Reclassification/transfer

(381,537

)

At 30 November 2025

5,235,420

NET BOOK VALUE

At 30 November 2025

5,235,420

At 30 November 2024

4,695,537

Fair value at 30 November 2025 is represented by:

£

Valuation in 2024

1,518,167

Valuation in 2025

39,139

Cost

3,678,114

5,235,420

The fair value of the properties at 30 November 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Amounts owed by associates

57,538

-

Other debtors

17,967

18,080

75,505

18,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

78,283

-

Amounts owed to group undertakings

207,965

206,015

Taxation and social security

13,125

8,745

Other creditors

602,628

134,450

902,001

349,210

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

2,500,000

2,500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,500,000

2,500,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

2,500,000

2,500,000

The bank loans are secured by a fixed and floating charge over the company’s assets in favor of Cynergy Bank Limited. The fixed charge includes the property at 41 Selly Hill Road, Birmingham, while the floating charge covers all the property and undertakings of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 December 2024

261,749

Gain/loss on revaluation

of investment property

39,139

Deferred tax on revaluation

of investment property

(9,785

)

At 30 November 2025

291,103

11.	RELATED PARTY DISCLOSURES

The company leases properties to Live Smart Ltd, a company in which the directors of Malhi Capital Holdings Ltd hold a controlling interest.

During the year, rental income from Live Smart Ltd amounted to £232,000 and profit share income amounted to £44,387.

At 30 November 2025, an amount of £57,537 was due from Live Smart Ltd.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders with no ultimate controlling party.