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REGISTERED NUMBER: 09592992 (England and Wales)









Financial Statements for the Year Ended 31st March 2021

for

Imara Capital Limited

Imara Capital Limited (Registered number: 09592992)

Contents of the Financial Statements
for the Year Ended 31st March 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Imara Capital Limited

Company Information
for the Year Ended 31st March 2021







DIRECTOR: A Gupta





SECRETARY: A Gupta





REGISTERED OFFICE: 2 Leman Street
London
E1W 9US





REGISTERED NUMBER: 09592992 (England and Wales)






Imara Capital Limited (Registered number: 09592992)

Balance Sheet
31st March 2021

31/3/21 31/3/20
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,614 2,968
Investments 5 1,000 1,000
Investment property 6 210,000 425,000
216,614 428,968

CURRENT ASSETS
Stocks 350,000 494,635
Debtors 7 113,711 36,192
Cash at bank 1,982 413
465,693 531,240
CREDITORS
Amounts falling due within one year 8 (776,034 ) (693,248 )
NET CURRENT LIABILITIES (310,341 ) (162,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,727

)

266,960

PROVISIONS FOR LIABILITIES - (41,674 )
NET (LIABILITIES)/ASSETS (93,727 ) 225,286

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 (94,727 ) 224,286
(93,727 ) 225,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Imara Capital Limited (Registered number: 09592992)

Balance Sheet - continued
31st March 2021


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 director and authorised for issue on 20th February 2025 and were signed by:





A Gupta - Director


Imara Capital Limited (Registered number: 09592992)

Notes to the Financial Statements
for the Year Ended 31st March 2021


1. STATUTORY INFORMATION

Imara Capital 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.

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.

The Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Imara Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Imara Capital Limited (Registered number: 09592992)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2020 5,053
Additions 6,196
At 31st March 2021 11,249
DEPRECIATION
At 1st April 2020 2,085
Charge for year 3,550
At 31st March 2021 5,635
NET BOOK VALUE
At 31st March 2021 5,614
At 31st March 2020 2,968

Imara Capital Limited (Registered number: 09592992)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2020
and 31st March 2021 1,000
NET BOOK VALUE
At 31st March 2021 1,000
At 31st March 2020 1,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2020 425,000
Revaluations (215,000 )
At 31st March 2021 210,000
NET BOOK VALUE
At 31st March 2021 210,000
At 31st March 2020 425,000

In the opinion of the Directors', the valuation of the company's investment properties are not materially different from the amount stated in the financial statements.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
£    £   
Other debtors 72,749 21,597
VAT 9,178 14,595
Deferred tax asset 31,784 -
113,711 36,192

Imara Capital Limited (Registered number: 09592992)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
£    £   
Bank loans and overdrafts 50,000 -
Other creditors 608,901 608,442
Directors' current accounts 113,988 83,011
Accruals and deferred income 3,145 1,795
776,034 693,248

9. RESERVES

Included within profit and loss reserves is an amount of £13,862 (2020: £205,144) relating to unrealised revaluation losses on investment properties (2020: unrealised revaluation gains). The amount is not available for distribution until the investment properties are disposed of after which it becomes realised.