| Wharton Investments Limited |
| Registered number: |
09053288 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
195,586 |
|
|
182,481 |
| Tangible assets |
3 |
|
|
587,995 |
|
|
661,352 |
| Investments |
4 |
|
|
6,716,611 |
|
|
6,716,611 |
|
|
|
|
7,500,192 |
|
|
7,560,444 |
|
| Current assets |
| Debtors |
5 |
|
1,875,954 |
|
|
1,711,642 |
| Cash at bank and in hand |
|
|
184,756 |
|
|
136,572 |
|
|
|
2,060,710 |
|
|
1,848,214 |
|
| Creditors: amounts falling due within one year |
6 |
|
(2,446,033) |
|
|
(6,425,059) |
|
| Net current liabilities |
|
|
|
(385,323) |
|
|
(4,576,845) |
|
| Total assets less current liabilities |
|
|
|
7,114,869 |
|
|
2,983,599 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(3,976,736) |
|
|
(94,555) |
|
| Provisions for liabilities |
|
|
|
(435,754) |
|
|
(435,754) |
|
|
| Net assets |
|
|
|
2,702,379 |
|
|
2,453,290 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
2,702,279 |
|
|
2,453,190 |
|
| Shareholders' funds |
|
|
|
2,702,379 |
|
|
2,453,290 |
|
|
|
|
- |
|
|
- |
|
- |
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Naveen Bhandari |
Suresh Kumar Aggarwal |
| Director |
Director |
| Approved by the board on 7 October 2026 |
Approved by the board on 7 October 2026 |
|
| Wharton Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Furniture & Fixtures |
25% straight line |
|
Revenue Expenditure Capitalized |
20% straight line |
|
|
Investment Property |
|
Investment property is measured at fair value. Changes in value are recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Going Concern |
|
At 31 March 2026 the company had net current liabilities of £385,323 [2025:£4,576,845] which mainly comprises of a loan payable to an associated company and a bank loan. The directors of the company are confident that all payments and liabilities will be met as and when they arise. The directors are of the opinion that the financial statements should be drawn up on a going concern basis. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Intangible fixed assets |
£ |
|
Capitalised Projects & Interest Cap costs: |
|
|
Cost |
|
At 1 April 2025 |
372,062 |
|
Additions |
59,145 |
|
At 31 March 2026 |
431,207 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2025 |
189,581 |
|
Provided during the year |
46,040 |
|
At 31 March 2026 |
235,621 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
195,586 |
|
At 31 March 2025 |
182,481 |
|
|
|
|
|
|
|
|
|
|
Capitalised Projects are being written off over the lease period. |
|
Interest Cap cost of £23,739 which arose on 18 February 2020 is being written off over 7 years. |
|
Arrangement fees of £59,560 which arose on 31 January 2021 is being written off over 5 years. |
|
Arrangement fees of £54,525 which arose on 17 September 2025 is being written off over 7 years. |
|
| 3 |
Tangible fixed assets |
|
|
|
|
Furniture & Fixtures |
|
Revenue Expenditure |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
980,264 |
|
128,228 |
|
1,108,492 |
|
Additions |
49,019 |
|
- |
|
49,019 |
|
At 31 March 2026 |
1,029,283 |
|
128,228 |
|
1,157,511 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
370,202 |
|
76,938 |
|
447,140 |
|
Charge for the year |
96,730 |
|
25,646 |
|
122,376 |
|
At 31 March 2026 |
466,932 |
|
102,584 |
|
569,516 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
562,351 |
|
25,644 |
|
587,995 |
|
At 31 March 2025 |
610,062 |
|
51,290 |
|
661,352 |
|
|
| 4 |
Investment Properties |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2025 |
6,716,611 |
|
|
At 31 March 2026 |
6,716,611 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2025 |
4,887,710 |
|
At 31 March 2026 |
4,887,710 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
63,939 |
|
34,267 |
|
Other debtors |
1,812,015 |
|
1,677,375 |
|
|
|
|
|
|
1,875,954 |
|
1,711,642 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
290,802 |
|
4,371,536 |
|
Trade creditors |
34,750 |
|
48,904 |
|
Taxation and social security costs |
22,931 |
|
- |
|
Other creditors |
2,097,550 |
|
2,004,619 |
|
|
|
|
|
|
2,446,033 |
|
6,425,059 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
3,925,797 |
|
- |
|
Other creditors |
50,939 |
|
94,555 |
|
|
|
|
|
|
3,976,736 |
|
94,555 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
2,153,326 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
4,216,599 |
|
4,371,536 |
|
|
|
|
|
|
|
|
|
|
A legal charge over all investment properties. Contains fixed charge and negative pledge. |
|
| 9 |
Profit and loss account |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
2,453,190 |
|
2,121,511 |
|
Profit / (loss) for the financial year |
249,089 |
|
381,679 |
|
Dividends |
- |
|
(50,000) |
|
At 31 March 2026 |
2,702,279 |
|
2,453,190 |
|
|
|
|
|
|
|
|
|
|
|
Distributable |
1,395,021 |
|
1,145,932 |
|
Non-distributable |
1,307,258 |
|
1,307,258 |
|
| 10 |
Transaction with directors |
|
|
At the year end the directors owed the company £350,000 [2025 - £280,541].During the year, the directors claimed mileage of £1,077 [2025 - £1,622] . |
|
|
| 11 |
Controlling party |
|
|
The company is controlled by Mr Naveen Bhandari by virtue of the majority shareholding in the issued share capital of the company. |
|
| 12 |
Other information |
|
|
Wharton Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Boundary House |
|
Boston Road |
|
London |
|
W7 2QE |