REGISTERED NUMBER: 02890762 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

MEGACHOICE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs M K Bhudia

Mrs P Bhudia

Mrs S Frazer

SECRETARY:

Mrs M K Bhudia

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

02890762 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Megachoice Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Megachoice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Megachoice Limited and state those matters that we have agreed to state to the Board of Directors of Megachoice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Megachoice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Megachoice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Megachoice Limited. You consider that Megachoice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Megachoice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

10 October 2026

FIXED ASSETS

Property, plant and equipment

4

1,642

2,107

Investments

5

708,464

629,394

Investment property

6

3,532,047

3,374,567

4,242,153

4,006,068

CURRENT ASSETS

Debtors

7

142,011

176,138

Cash at bank

97,699

225,328

239,710

401,466

CREDITORS

Amounts falling due within one year

8

58,904

71,773

NET CURRENT ASSETS

180,806

329,693

TOTAL ASSETS LESS CURRENT LIABILITIES

4,422,959

4,335,761

CREDITORS

Amounts falling due after more than one year

9

(37,055

)

(250,860

)

PROVISIONS FOR LIABILITIES

(407,638

)

(352,550

)

NET ASSETS

3,978,266

3,732,351

CAPITAL AND RESERVES

Called up share capital

32,445

32,445

Fair value reserve

1,799,688

1,799,688

Retained earnings

2,146,133

1,900,218

SHAREHOLDERS' FUNDS

3,978,266

3,732,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2026 and were signed on its behalf by:

Mrs P Bhudia - Director

1.	STATUTORY INFORMATION

Megachoice 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable, net of value added tax.

Turnover is recognised when the company has a right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 Profit and Loss Account, 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.

Investments

Investments are recognised initially at cost, being the fair value of the consideration given including any directly attributable transaction costs.

Subsequently, investments are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

4,332

526

4,858

DEPRECIATION

At 1 April 2025

2,400

351

2,751

Charge for year

290

175

465

At 31 March 2026

2,690

526

3,216

NET BOOK VALUE

At 31 March 2026

1,642

-

1,642

At 31 March 2025

1,932

175

2,107

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

630,389

Additions

309,725

Disposals

(230,655

)

At 31 March 2026

709,459

PROVISIONS

At 1 April 2025

and 31 March 2026

995

NET BOOK VALUE

At 31 March 2026

708,464

At 31 March 2025

629,394

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,374,567

Revaluations

157,480

At 31 March 2026

3,532,047

NET BOOK VALUE

At 31 March 2026

3,532,047

At 31 March 2025

3,374,567

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

2,926,000

Valuation in 2021

268,000

Valuation in 2025

180,567

Valuation in 2026

157,480

3,532,047

In the opinion of the directors the fair value of the investment properties as at 31 March 2026 is not significantly different to that stated above.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by connected companies

142,011

172,038

Other debtors

-

4,100

142,011

176,138

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

34,009

33,041

Taxation and social security

19,294

17,962

Other creditors

5,601

20,770

58,904

71,773

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,994

Other creditors

37,055

247,866

37,055

250,860

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

34,009

36,035

The bank loan is secured by a legal charge over some of the properties of the company. The rate of interest is 3.30% above base rate per annum and the loan is repayable over 23 years.

11.	RELATED PARTY DISCLOSURES

At the period end, the company was owed £142,011(2025: £172,038) by Flexgrove Properties Ltd, a company in which the directors have a beneficial interest. The amount owed is recoverable on demand.