M B Bhullar Properties Limited

M B Bhullar Properties Limited
Contents Page
For the year ended 31 March 2026

Balance Sheet	1
Notes to the Financial Statements	2

M B Bhullar Properties Limited
Balance Sheet
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	1,460,000	1,460,000
		1,460,000	1,460,000
Current assets
Debtors		323,368	876
Cash at bank and in hand		72,879	403,648
		396,247	404,524
Creditors: amount falling due within one year		(269,258)	(261,912)
Net current assets		126,989	142,612

Total assets less current liabilities		1,586,989	1,602,612
Creditors: amount falling due after more than one year		(2,160)	(2,160)
Provisions for liabilities		(98,139)	(98,139)
Net assets		1,486,690	1,502,313

Capital and reserves
Called up share capital	4	9	9
Fair Value Reserves	5	795,929	795,929
Profit and loss account		690,752	706,375
Shareholders' funds		1,486,690	1,502,313

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 08 July 2026 and were signed on its behalf by:

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Ranu Bhullar
Director

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Harshvinder Bhullar
Director

1

M B Bhullar Properties Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2026

General Information

M B Bhullar Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03789245, registration address 4 Flamingo Court 3 Woodstock Road, Golders Green, NW11 8ES.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 3 (2025 : 3).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2025	1,460,000	1,460,000
Additions	-	-
Disposals	-	-
At 31 March 2026	1,460,000	1,460,000
Depreciation
At 01 April 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2026	-	-
Net book values
Closing balance as at 31 March 2026	1,460,000	1,460,000
Opening balance as at 01 April 2025	1,460,000	1,460,000

4.

Share Capital

Allotted, called up and fully paid	2026 £	2025 £
6 Ordinary Shares Class A shares of £1.00 each	6	6
3 Ordinary Shares Class B shares of £1.00 each	3	3
	9	9

2

Registered Number: 03789245
England and Wales
M B BHULLAR PROPERTIES LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2025 End date: 31 March 2026