Rama Investments Limited 09985178 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is letting and operating of real estate. Digita Accounts Production Advanced 6.30.9574.0 true false true 09985178 2024-01-01 2024-12-31 09985178 2024-12-31 09985178 bus:OrdinaryShareClass1 2024-12-31 09985178 core:CurrentFinancialInstruments 2024-12-31 09985178 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09985178 core:Non-currentFinancialInstruments 2024-12-31 09985178 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 09985178 bus:SmallEntities 2024-01-01 2024-12-31 09985178 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09985178 bus:FilletedAccounts 2024-01-01 2024-12-31 09985178 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09985178 bus:RegisteredOffice 2024-01-01 2024-12-31 09985178 bus:Director1 2024-01-01 2024-12-31 09985178 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09985178 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09985178 countries:EnglandWales 2024-01-01 2024-12-31 09985178 2023-12-31 09985178 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 09985178 2023-01-01 2023-12-31 09985178 2023-12-31 09985178 bus:OrdinaryShareClass1 2023-12-31 09985178 core:CurrentFinancialInstruments 2023-12-31 09985178 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09985178 core:Non-currentFinancialInstruments 2023-12-31 09985178 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09985178

Report of the Director and


Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2024


Rama Investments Limited

 

Rama Investments Limited

Contents of the Financial Statements
for the Year Ended 31 December 2024

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Rama Investments Limited

Company Information
for the Year Ended 31 December 2024

Director:

Mr Shallesh Pankhania

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registerd Number:

09985178

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Rama Investments Limited

(Registration number: 09985178)
Abridged Balance Sheet
as at 31 December 2024

Note

31.12.24
£

31.12.23
£

Fixed assets

 

Investment property

714,214

714,214

Investments

5

11,270

11,270

 

725,484

725,484

Current assets

 

Debtors

131,811

126,164

Cash at bank and in hand

 

1,906

2,465

 

133,717

128,629

Creditors: Amounts falling due within one year

(577,981)

(573,778)

Net current liabilities

 

(444,264)

(445,149)

Total assets less current liabilities

 

281,220

280,335

Creditors: Amounts falling due after more than one year

(266,438)

(266,438)

Net assets

 

14,782

13,897

Capital and reserves

 

Called up share capital

6

1

1

Retained earning

14,781

13,896

Shareholders' funds

 

14,782

13,897

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Rama Investments Limited

(Registration number: 09985178)
Abridged Balance Sheet
as at 31 December 2024 (continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2025
 

.........................................
Mr Shallesh Pankhania
Director

 

Rama Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 23 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rama Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rama Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Rama Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 December 2024

Investment properties

31.12.24

£

At 1 January

714,214

The properties were valued at the year on an open market basis by the director and the fair value is represented by cost.

 

Rama Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

5

Investments

Total
£

Cost or valuation

At 1 January 2024

11,270

Provision

Carrying amount

At 31 December 2024

11,270

At 31 December 2023

11,270

6

Share capital

Allotted, called up and fully paid shares

31.12.24

31.12.23

No.

£

No.

£

Ordinary of £1 each

1

1

1

1