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REGISTERED NUMBER: 13010048 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

Raman Investments Limited

Raman Investments Limited (Registered number: 13010048)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Raman Investments Limited (Registered number: 13010048)

Balance Sheet
30th November 2023

30.11.23 30.11.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 75,898 69,327

CREDITORS
Amounts falling due within one year 5 9,626 8,720
NET CURRENT LIABILITIES (9,626 ) (8,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,272

60,607

CREDITORS
Amounts falling due after more than one year 6 69,945 63,374
NET LIABILITIES (3,673 ) (2,767 )

CAPITAL AND RESERVES
Called up share capital 7 202 202
Retained earnings (3,875 ) (2,969 )
SHAREHOLDERS' FUNDS (3,673 ) (2,767 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





Dr R Sethuraman - Director


Raman Investments Limited (Registered number: 13010048)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. COMPANY INFORMATION

Raman Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13010048

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
Even though the company reports negative reserves at the balance sheet date, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 69,327
Additions 6,571
At 30th November 2023 75,898
NET BOOK VALUE
At 30th November 2023 75,898
At 30th November 2022 69,327

The investment property relates to a property under construction which is expected to be completed around the middle of 2023.

Raman Investments Limited (Registered number: 13010048)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Directors' current accounts 9,032 8,126
Accrued expenses 594 594
9,626 8,720

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Other creditors 69,945 63,374

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: as restated
£    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
202 202

All classes of shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

All classes of shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

30.11.23 30.11.22
as restated
£    £   
Dr R Sethuraman and Mrs A Sethuraman
Balance outstanding at start of year (8,126 ) (7,220 )
Amounts repaid (906 ) (906 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,032 ) (8,126 )

The loan is repayable on demand and no interest was charged during the year.

9. RELATED PARTY DISCLOSURES

During the period, the company operated a loan account with Raman Associates Ltd; a related party by virtue of common control. At the balance sheet date, the company owed £63,374 to Raman Associatesi Ltd. During the period, The balance is included within other creditors and is unsecured, interest-free and repayable-on-demand.

Raman Investments Limited (Registered number: 13010048)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

10. ULTIMATE CONTROLLING PARTY

There is no overall controlling party, the directors control the company jointly by virtue of their beneficial interest in more than 50% of the voting share capital.