REGISTERED NUMBER: 01085104 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Laxmi Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Hathiramani

R D Hathiramani

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

01085104 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

3,129

3,310

Investment property

5

1,160,000

1,160,000

1,163,129

1,163,310

CURRENT ASSETS

Debtors

6

46,300

102,205

Cash at bank

254,447

193,684

300,747

295,889

CREDITORS

Amounts falling due within one year

7

(122,392

)

(138,021

)

NET CURRENT ASSETS

178,355

157,868

TOTAL ASSETS LESS CURRENT LIABILITIES

1,341,484

1,321,178

PROVISIONS FOR LIABILITIES

(14,451

)

(19,840

)

NET ASSETS

1,327,033

1,301,338

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

428,782

434,898

Retained earnings

888,251

856,440

1,327,033

1,301,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

N R Hathiramani - Director

1.	STATUTORY INFORMATION

Laxmi Investments 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.

Turnover

Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

8,139

4,809

12,948

Additions

370

-

370

At 31 December 2024

8,509

4,809

13,318

DEPRECIATION

At 1 January 2024

7,120

2,518

9,638

Charge for year

208

343

551

At 31 December 2024

7,328

2,861

10,189

NET BOOK VALUE

At 31 December 2024

1,181

1,948

3,129

At 31 December 2023

1,019

2,291

3,310

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,160,000

NET BOOK VALUE

At 31 December 2024

1,160,000

At 31 December 2023

1,160,000

Investment properties are shown at fair value assessed by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

39,737

58,301

Other debtors

6,563

43,904

46,300

102,205

Other debtors includes prepayments of £4,558 (2023: £2,954).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

224

4,524

Taxation and social security

11,810

8,657

Other creditors

110,358

124,840

122,392

138,021

Other creditors includes accruals and deferred income of £36,024 (2023: £52,884).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

N R Hathiramani

Balance outstanding at start of year

-

-

Amounts advanced

54,838

-

Amounts repaid

(54,838

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-