REGISTERED NUMBER: 08815215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KALSI PROPERTIES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Kalsi

J S Kalsi

Mrs R K Kalsi

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

08815215 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Investment property

4

14,855,211

11,731,272

CURRENT ASSETS

Debtors

5

7,196,460

6,954,467

Cash at bank

5,773,158

8,274,659

12,969,618

15,229,126

CREDITORS

Amounts falling due within one year

6

19,587,104

17,743,139

NET CURRENT LIABILITIES

(6,617,486

)

(2,514,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,237,725

9,217,259

CREDITORS

Amounts falling due after more than one year

7

-

(1,790,433

)

PROVISIONS FOR LIABILITIES

(22,167

)

-

NET ASSETS

8,215,558

7,426,826

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

8,215,438

7,426,706

SHAREHOLDERS' FUNDS

8,215,558

7,426,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 August 2026 and were signed on its behalf by:

S S Kalsi - Director

1.	STATUTORY INFORMATION

Kalsi Properties (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

11,731,272

Additions

3,123,939

At 31 December 2025

14,855,211

NET BOOK VALUE

At 31 December 2025

14,855,211

At 31 December 2024

11,731,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

57,113

95,168

Amounts owed by group undertakings

6,754,760

6,753,560

Other debtors

7,200

7,200

VAT

324,264

-

Deferred tax asset

-

50,419

Prepayments and accrued income

53,123

48,120

7,196,460

6,954,467

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

-

372,677

Other loans

8,176,250

6,000,000

Trade creditors

569,389

69,699

Tax

46,158

344,988

Social security and other taxes

5,959

191

VAT

-

158,967

Other creditors

1,447,552

1,652,897

Directors' current accounts

9,325,239

9,038,649

Accrued expenses

16,557

105,071

19,587,104

17,743,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

311,556

Bank loans - 2-5 years

-

1,478,877

-

1,790,433

8.	ULTIMATE CONTROLLING PARTY

During the year, the immediate parent company became Kalsi Properties Holdings Limited.

The ultimate controlling party is Mr S S & Mrs R K Kalsi.