REGISTERED NUMBER: 04345135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 JANUARY 2025 TO 31 JANUARY 2026

FOR

A.S.B. (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Madhan

B Singh

REGISTERED OFFICE:

7 St. John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

04345135 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

19,762,637

19,770,791

CURRENT ASSETS

Debtors

5

2,064,549

2,773,180

Cash at bank

4,402,003

105,963

6,466,552

2,879,143

CREDITORS

Amounts falling due within one year

6

1,527,978

3,916,334

NET CURRENT ASSETS/(LIABILITIES)

4,938,574

(1,037,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,701,211

18,733,600

CREDITORS

Amounts falling due after more than one year

7

(12,196,065

)

(6,467,345

)

PROVISIONS FOR LIABILITIES

(1,055,892

)

(1,057,931

)

NET ASSETS

11,449,254

11,208,324

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

10

5,758,971

5,758,971

Retained earnings

5,689,283

5,448,353

11,449,254

11,208,324

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

S S Madhan - Director

1.	STATUTORY INFORMATION

A.S.B. (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 as modified by the revaluation of certain assets.

Going Concern

The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover

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

Revenue recognition

Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

Tangible fixed assets

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

life.

Fixtures & fittings - 18% on reducing balance

Motor vehicles - 15% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings

Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 26 January 2025

and 31 January 2026

19,716,506

10,800

69,693

19,796,999

DEPRECIATION

At 26 January 2025

-

10,422

15,786

26,208

Charge for period

-

68

8,086

8,154

At 31 January 2026

-

10,490

23,872

34,362

NET BOOK VALUE

At 31 January 2026

19,716,506

310

45,821

19,762,637

At 25 January 2025

19,716,506

378

53,907

19,770,791

Cost or valuation at 31 January 2026 is represented by:

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Valuation in 2022

6,198,703

-

-

6,198,703

Valuation in 2023

(412,976

)

-

-

(412,976

)

Cost

13,930,779

10,800

69,693

14,011,272

19,716,506

10,800

69,693

19,796,999

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 26 January 2025

and 31 January 2026

69,693

DEPRECIATION

At 26 January 2025

15,786

Charge for period

8,086

At 31 January 2026

23,872

NET BOOK VALUE

At 31 January 2026

45,821

At 25 January 2025

53,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

65,500

47,484

Other debtors

1,999,049

2,725,696

2,064,549

2,773,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

203,970

2,257,238

Hire purchase contracts

15,903

15,903

Trade creditors

3,576

7,955

Taxation and social security

94,410

133,626

Other creditors

1,210,119

1,501,612

1,527,978

3,916,334

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

12,034,231

6,207,404

Hire purchase contracts

6,626

22,529

Other creditors

155,208

237,412

12,196,065

6,467,345

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

203,970

2,257,238

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,257,238

Amounts falling due between two and five years:

Bank loans - 2-5 years

12,034,231

3,950,166

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

8,464,641

Bank loans are secured by a legal charge over the investment properties of the company.

10.

RESERVES

Revaluation

reserve

£

At 26 January 2025

and 31 January 2026

5,758,971

11.	RELATED PARTY DISCLOSURES

Included in the creditors, as at the yearend is £685,105 (2025: £627,131), an amount owed to the directors of the company. There are no specific terms of repayment.

Included within other creditors as at yearend is £375,000 (2025: 375,000), an amount owed to Airlink Hotel & Banqueting Suite Limited, a company where Mr Balbir Singh is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within other debtors as at yearend is Nil (2025: 580,000), an amount owed by Big Mix Wholesale Limited, a company under common control towards loan repayable on demand.

Included within other debtors as at yearend is £1,806,600 (2025: £1,806,600), an amount owed by TBS Madhaan Limited, a company under common control towards loan repayable on demand.