| Airivo Chislehurst Ltd |
| Registered number: |
11203258 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
20,625 |
|
|
7,325 |
| Tangible assets |
4 |
|
|
2,613,408 |
|
|
2,624,105 |
| Investments |
5 |
|
|
100 |
|
|
100 |
|
|
|
|
2,634,133 |
|
|
2,631,530 |
|
| Current assets |
| Debtors |
6 |
|
17,502 |
|
|
19,592 |
| Cash at bank and in hand |
|
|
13,010 |
|
|
21,178 |
|
|
|
30,512 |
|
|
40,770 |
|
| Creditors: amounts falling due within one year |
7 |
|
(500,520) |
|
|
(502,019) |
|
| Net current liabilities |
|
|
|
(470,008) |
|
|
(461,249) |
|
| Total assets less current liabilities |
|
|
|
2,164,125 |
|
|
2,170,281 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(1,620,000) |
|
|
(1,687,249) |
|
| Provisions for liabilities |
|
|
|
(111,434) |
|
|
(111,434) |
|
|
| Net assets |
|
|
|
432,691 |
|
|
371,598 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Non Distributable Reserve |
|
|
|
334,303 |
|
|
334,303 |
| Profit and loss account |
|
|
|
98,288 |
|
|
37,195 |
|
| Shareholders' funds |
|
|
|
432,691 |
|
|
371,598 |
|
|
|
|
|
|
|
|
|
- |
| 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. |
|
|
| Mr Naveen Bhandari |
Mr Suresh Aggarwal |
| Director |
Director |
| Approved by the board on 7 October 2026 |
Approved by the board on 7 October 2026 |
|
| Airivo Chislehurst Ltd |
| 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
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 £470,008 [2025 - £461,249] which mainly comprises of a loan payable to an associated company. 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. |
|
|
Revaluation |
|
The company has revalued its Land and Buildings in accordance with paragraphs 11.27 and 11.32 of FRS 102. |
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
4 |
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Loan arrangement fees |
|
|
Cost |
|
At 1 April 2025 |
20,500 |
|
Additions |
22,500 |
|
At 31 March 2026 |
43,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2025 |
13,175 |
|
Provided during the year |
9,200 |
|
At 31 March 2026 |
22,375 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
20,625 |
|
At 31 March 2025 |
7,325 |
|
|
|
|
|
|
|
|
|
|
Loan arrangement fees of £13,000 which arose in the year end 31 March 2022 is being written off over 5 years.
Loan arrangement fees of £7,500 which arose in the year end 31 March 2024 is being fully written off in the year ended 31 March 2026.
Loan arrangement fees of £22,500 which arose in the year end 31 March 2026 is being written off over 7 years. |
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
2,566,570 |
|
318,839 |
|
2,885,409 |
|
Additions |
3,555 |
|
11,508 |
|
15,063 |
|
At 31 March 2026 |
2,570,125 |
|
330,347 |
|
2,900,472 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
- |
|
261,304 |
|
261,304 |
|
Charge for the year |
- |
|
25,760 |
|
25,760 |
|
At 31 March 2026 |
- |
|
287,064 |
|
287,064 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
2,570,125 |
|
43,283 |
|
2,613,408 |
|
At 31 March 2025 |
2,566,570 |
|
57,535 |
|
2,624,105 |
|
|
| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2025 |
100 |
|
|
At 31 March 2026 |
100 |
|
| 6 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
338 |
|
4,735 |
|
Other debtors |
17,164 |
|
14,857 |
|
|
|
|
|
|
17,502 |
|
19,592 |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
120,000 |
|
132,333 |
|
Trade creditors |
4,072 |
|
32,840 |
|
Taxation and social security costs |
36,716 |
|
24,224 |
|
Other creditors |
339,732 |
|
312,622 |
|
|
|
|
|
|
500,520 |
|
502,019 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
1,620,000 |
|
1,687,249 |
|
|
|
|
|
|
|
|
|
| 9 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
1,140,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
1,740,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 10 |
Controlling party |
|
|
The company is controlled by Mr Naveen Bhandari by virtue of 65% shareholding in the issued share capital of the company. |
|
| 11 |
Other information |
|
|
Airivo Chislehurst Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Boundary House |
|
Boston Road |
|
Hanwell |
|
W7 2QE |