Johal Holdco Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10133112

Johal Holdco Ltd

Filleted Unaudited Financial Statements

27 September 2025

Johal Holdco Ltd

Statement of Financial Position

27 September 2025

	27 Sep 25	28 Sep 24
Note	£	£

Fixed assets

Tangible assets	6	13,907,381	13,159,931
Investments	7	8,000	8,000
		---------------	---------------
		13,915,381	13,167,931

Current assets

Debtors	8	303,523	151,728
Cash at bank and in hand		3,680,931	3,512,535
		---------------	---------------
		3,984,454	3,664,263

Creditors: amounts falling due within one year	9	4,342,034	3,206,935
		---------------	---------------
Net current (liabilities)/assets		( 357,580)	457,328
		---------------	---------------
Total assets less current liabilities		13,557,801	13,625,259

Provisions

Taxation including deferred tax	132	99,204
	---------------	---------------
Net assets	13,557,669	13,526,055
	---------------	---------------

Johal Holdco Ltd

Statement of Financial Position (continued)

27 September 2025

	27 Sep 25	28 Sep 24
Note	£	£

Capital and reserves

Called up share capital	11	210	210
Profit and loss account		13,557,459	13,525,845
		---------------	---------------
Shareholders funds		13,557,669	13,526,055
		---------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 27 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

Mr Surbjit Singh Johal

Director

Company registration number: 10133112

Johal Holdco Ltd

Notes to the Financial Statements

Period ended 27 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cannock Road, Wolverhampton, West Midlands, WV1 1PN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Rental income is recognised on a receivable basis in accordance with lease terms. Income is recognised when due, not when received, and reflects any requirements under related loan agreements or covenants.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Net profit and balance sheet reserves disclosure made for the associate. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4. Tax on profit

Major components of tax expense

	Period from	Period from
	29 Sep 24 to	1 Oct 23 to
	27 Sep 25	28 Sep 24
	£	£

Current tax:

UK current tax expense	197,397	184,365
Adjustments in respect of prior periods	( 7)	–
	-----------	-----------
Total current tax	197,390	184,365
	-----------	-----------

Deferred tax:

Origination and reversal of timing differences	( 99,072)	–
	----------	-----------
Tax on profit	98,318	184,365
	----------	-----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	Period from	Period from
	29 Sep 24 to	1 Oct 23 to
	27 Sep 25	28 Sep 24
	£	£
Profit on ordinary activities before taxation	129,932	736,681
	-----------	-----------
Profit on ordinary activities by rate of tax	( 202,517)	184,170
Effect of expenses not deductible for tax purposes	399,911	195
Effect of capital allowances and depreciation	( 4)	–
Deferred tax movement	( 99,072)	–
	-----------	-----------
Tax on profit	98,318	184,365
	-----------	-----------

5. Dividends

	27 Sep 25	28 Sep 24
	£	£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )	–	220,532
	-----	-----------

6. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 29 September 2024	12,132,130	1,025,000	7,427	13,164,557
Additions	1,407,513	–	–	1,407,513
Revaluations	( 659,643)	–	–	( 659,643)
	---------------	---------------	--------	---------------
At 27 September 2025	12,880,000	1,025,000	7,427	13,912,427
	---------------	---------------	--------	---------------
Depreciation
At 29 September 2024	–	–	4,626	4,626
Charge for the period	–	–	420	420
	---------------	---------------	--------	---------------
At 27 September 2025	–	–	5,046	5,046
	---------------	---------------	--------	---------------
Carrying amount
At 27 September 2025	12,880,000	1,025,000	2,381	13,907,381
	---------------	---------------	--------	---------------
At 28 September 2024	12,132,130	1,025,000	2,801	13,159,931
	---------------	---------------	--------	---------------

Revaluation: During June 2026 a revaluation for a block of 4 Leasehold residential properties was carried out by Stuart J Langley (FNAEA) of Miller Evans. These properties were held in the accounts at a historic cost of £960,390 and were revalued to £1,025,000. On disposal of these 4 properties there will be no capital gains as it is covered by indexation. During June 2026 a revaluation for another 9 residential properties was carried out by Stuart J Langley (FNAEA) of Miller Evans. These properties were held in the accounts at a historic cost of £2,036,000 and were revalued to £2,205,000. Another property comprising of seven units with historical cost of £2,372,680 was also revalued in August 2026 by Neil Hazlehurst of First City to £2,300,000. A property with historical cost of £1,519,772 was revalued by Neil Hazlehurst of First City to £1,600,000. A property with historical cost of £1,210,093 was revalued by Neil Hazlehurst of First City to £1,250,000. A property with historical cost of £2,284,971 was revalued by Neil Hazlehurst of First City to £2,275,000. A property with historical cost of £3,921,212 was revalued by Neil Hazlehurst of First City to £3,250,000. The directors have confirmed that for all of the revalued properties above, there was no change in the market value from the period end date. The directors currently have no intentions to sell the company's properties. However, if all company properties are sold then there is no deferred tax due to capital losses available on property revaluations. (2024 - £99,069)

7. Investments

	Shares in participating interests
	£
Cost
At 29 September 2024 and 27 September 2025	8,000
	--------
Impairment
At 29 September 2024 and 27 September 2025	–
	--------

Carrying amount
At 27 September 2025	8,000
	--------
At 28 September 2024	8,000
	--------

Investments:

The investment relates to shares held in Johal Dairies Holding Co Ltd (JDHL), a company incorporated in the United Kingdom involved in letting and trading of commercial properties, at cost. The following is a breakdown of share capital within Johal Dairies Holding Co Ltd (JDHL):

£

Ordinary share capital 20,002

Ordinary B share capital 8,000

Total shares issued 28,002

Johal Holdco Ltd (JHL) owns all of the ordinary B share capital which means that they are entitled to dividends issued in JDHL. However, JHL is a minority shareholder and also they do not have a position on the board of directors such that they are able to influence or control JDHL. As such it is difficult to establish a precise value of the investment held in JDHL, the balance sheet value and net profit after tax of JDHL as per the last accounts submitted is listed below.

P/E 27/09/25 P/E 28/09/24

£ £

Net profit after tax 2,624,497 3,086,793

Consolidated balance sheet 26,359,992 23,735,495

8. Debtors

	27 Sep 25	28 Sep 24
	£	£
Trade debtors	211,523	40,634
Other debtors	92,000	111,094
	-----------	-----------
	303,523	151,728
	-----------	-----------

9. Creditors: amounts falling due within one year

	27 Sep 25	28 Sep 24
	£	£
Trade creditors	5,916	4,067
Corporation tax	384,282	220,400
Social security and other taxes	39,964	–
Accruals and Deferred Income	206,657	112,192
Other creditors	3,705,215	2,870,276
	---------------	---------------
	4,342,034	3,206,935
	---------------	---------------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	27 Sep 25	28 Sep 24
	£	£
Included in provisions	132	99,204
	-----	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	27 Sep 25	28 Sep 24
	£	£
Accelerated capital allowances	132	99,204
	-----	----------

Deferred taxation relates to mainly tax on revaluation gains (see notes 5 and 14). It has been charged at 25% due to changes in future tax rates.

11. Called up share capital

Authorised share capital

	27 Sep 25		28 Sep 24
	No.	£	No.	£
Ordinary shares of £ 0.01 each	21,003	210	21,003	210
	----------	-----	----------	-----

Issued, called up and fully paid

	27 Sep 25		28 Sep 24
	No.	£	No.	£
Ordinary shares of £ 0.01 each	21,003	210	21,003	210
	----------	-----	----------	-----

12. Directors' advances, credits and guarantees

The director's loan account was not overdrawn at any point during the current or previous period.

13. Related party transactions

The shares of Johal Holdco Ltd (JHL) are owned by three directors and a family discretionary trust. It is ultimately controlled by Surbjit Singh Johal and Gurnek Singh Johal who are both directors. The directors are the key management personnel of the company and no remuneration has been drawn in either the current or prior period. JHL owns 100% of ordinary B shares in Johal Dairies Holding Company Ltd (see investments note). The following balance is outstanding from JHL to JDHL as at the period end. Intercompany loans are payable on demand and no interest is charged on the loans.

	2025	2024
	£	£
Other Creditor	2,844,476	3,191,555

14. Investment property revaluations

Included within the profit and loss account reserves are impairment losses of £1,203,368 (2024 - Revaluation gains of £396,276) on investment properties. Revaluation movement is shown as a fair value adjustment in the profit and loss account.