You must go English. The colour depends on the kind of finish that you want in the sense whether it is veneer or laminate. You get excellent laminate these days. Don’t introduce a dramatic shade, instead opt for something subtle and subdued. Infact if you have a great carpenter glass would be a great option. However it must be toughened and frosted white.

I feel the room will look even smaller if we went with option B because of the heavy furniture. Do you think the wardrobe wouldn't look pleasing with option A? Also, I can get the whole wall to decorate in option A.

Gauri, we have analysed the space and your requirement. One thing is for sure that you can use the wardrobe next to entrance door and if you have the option of placing the Bed at opposite wall from current wall, that would give you better space and also avoid an obstructing view very moment you enter. Next, Study Space towards balcony - Right Hand side ( towards the main entry) and also an additional storage cum display unit on the opposite wall of study. it should be combination of side table of the bed. In case if you need all this put in a plan and share it...share the directions so that I will see that It's adhered to VASTU as well ( mainly the bed headboard)

Lighting plays a huge part in adding depth and warmth to a bedroom. I see that you have a light point just above your bed. Without too much expense you can create panelling up to the ceiling , run the wires behind it, and maybe and add a simple false ceiling along the length of that wall to install recessed lighting. A skilled carpenter can modify the head board and create a dramatic taller tufted headboard within the panelling Another option would be to paint the wall behind the bed and add a simple shelf above. Some recessed lights can be added to light up paintings on the wall just above the bed. The homeowners of the bedroom shown here already had a bed which they did not want to dispose of or modify. So all we did was to add painted pinewood box panelling up to 4 feet height, add a shallow display shelf on it, and add a simple shelf above with recessed lights