GHAI & CO. LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04590880

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,623,205		5,605,805

			5,623,205		5,605,805
CURRENT ASSETS
Debtors	5	3,605,167		3,671,847
Cash at bank and in hand		51,407		12,034

		3,656,574		3,683,881
Creditors: Amounts Falling Due Within One Year	6	(543,333 )		(553,620 )

NET CURRENT ASSETS (LIABILITIES)			3,113,241		3,130,261

TOTAL ASSETS LESS CURRENT LIABILITIES			8,736,446		8,736,066

Creditors: Amounts Falling Due After More Than One Year	7		(5,931,058 )		(5,999,947 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(133,919 )		(133,919 )

NET ASSETS			2,671,469		2,602,200

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	11		1,316,942		1,316,942
Profit and Loss Account			1,354,427		1,285,158

SHAREHOLDERS' FUNDS			2,671,469		2,602,200

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GHAI & CO. LIMITED

Balance Sheet (continued)

As At 31 December 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kamal Ghai

Director

25/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GHAI & CO. LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04590880 . The registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.

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. 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.

2.3. 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:

Freehold	Not provided
Fixtures & Fittings	20% on reducing balance

2.4. 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 year, 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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GHAI & CO. LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	5,605,350	251,884	5,857,234
Additions	17,514	-	17,514

As at 31 December 2025	5,622,864	251,884	5,874,748

Depreciation
As at 1 January 2025	-	251,429	251,429
Provided during the period	-	114	114

As at 31 December 2025	-	251,543	251,543

Net Book Value
As at 31 December 2025	5,622,864	341	5,623,205

As at 1 January 2025	5,605,350	455	5,605,805

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,804	-
Other debtors	3,595,363	3,671,847

	3,605,167	3,671,847

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Bank loans and overdrafts	134,226	139,588
Other creditors	366,483	381,937
Taxation and social security	42,623	32,095

	543,333	553,620

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

	2025	2024
	£	£
Bank loans	1,521,499	1,595,388
Other creditors	4,409,559	4,404,559

	5,931,058	5,999,947

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GHAI & CO. LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	1,655,725		1,734,976

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans from directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Kamal Ghai	362,580	-	16,481	-	346,099

The above loan is unsecured, interest free and repayable on demand.

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	1,316,942	1,285,158
Profit for the year and total comprehensive income	-	69,269

As at 31 December 2025	1,316,942	1,354,427

12. Related Party Transactions

The company was under the control of the directors. At the balance sheet date other creditors include an interest free loan of £2,427,921 (2024 - £2,427,921) from the shareholders in the company. This unsecured loan was taken to finance the purchase of the investment properties. It will become payable at the sale of the investment property or when the company can afford to repay it.

Other creditors also include a loan for the sum of £1,874,638 (2024 - £1,874,638) owed to Avamore Limited, a sum of £100,000 (2023 - £100,000) owed to Sareen Co Limited which is interest free, unsecured and repayable on demand.

Other debtors include an interest free loan for the sum of £657,518 (2024 - £667,518) owed from Ghai Properties Limited and £277,492 (2024 - £275,492) owed from Capathon Estate Limited and £603,500 (2024 - £623,100) owed from United Property 2001 Limited and £730,392 (2024 - £770,392 ) owed from Berkeley Realty Limited and £744,500 (2024 - £744,500) owed from Shamilar Property Limited and £468,728 (2024 - £468,728) owed from Point West Development Limited in these companies Mr K K Ghai is the director and 100% shareholder. These loans are unsecured and repayable on demand.

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