REGISTERED NUMBER: 07468894

GAJAM GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,236

515

Investments

5

6,498,960

6,498,960

6,500,196

6,499,475

CURRENT ASSETS

Debtors

6

56,487

83,240

Cash at bank

7

561,603

318,921

618,090

402,161

CREDITORS

Amounts falling due within one year

8

(53,526

)

(20,808

)

NET CURRENT ASSETS

564,564

381,353

TOTAL ASSETS LESS CURRENT LIABILITIES

7,064,760

6,880,828

CREDITORS

Amounts falling due after more than one year

9

(1,664,630

)

(2,191,512

)

NET ASSETS

5,400,130

4,689,316

CAPITAL AND RESERVES

Called up share capital

10

20

10

Retained earnings

5,400,110

4,689,306

SHAREHOLDERS' FUNDS

5,400,130

4,689,316

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 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 29 September 2025 and were signed on its behalf by:

G Mehta - Director

1.	GENERAL INFORMATION

Gajam Group Limited is a private limited company (limited by shares), which is incorporated and domiciled in England and Wales. The address of the registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW.

The principal activity of the Company is to invest in Gajam India Private Limited ("Gajam India") to achieve its overall purpose of creating a rural distribution network in India to help relieve poverty.

2.	ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. The directors do not consider there to be any sources of estimation and uncertainty when applying the accounting policies.

The following principal accounting policies have been applied:

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Grants and donations

Grants and donations are recognised as income when they are received. They represent voluntary payments made by the donors on the condition that they are applied to the company's investments in Gajam India Private Company to help relieve poverty.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment - 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation

Tax is recognised in the Statement of income and retained earnings.

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

Foreign currency translation

Functional and presentational currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency translations are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Going concern

The directors have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future and is able to meet its debts as they fall due. The directors therefore believe that it is appropriate to adopt the going concern basis in preparing these financial statements.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty of notice of not more than 24 hours.

Creditors

Short-term creditors are measured at the transaction price.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

£

Cost

At 1 January 2024

1,648

Additions

1,172

At 31 December 2024

2,820

Depreciation

At 1 January 2024

1,133

Charge for year

451

At 31 December 2024

1,584

Net book value

At 31 December 2024

1,236

At 31 December 2023

515

5.	FIXED ASSET INVESTMENTS

Shares in

subsidiary

companies

£

Cost

At 1 January 2024

and 31 December 2024

6,498,960

Net book value

At 31 December 2024

6,498,960

At 31 December 2023

6,498,960

6.

DEBTORS

2024

2023

£

£

Trade debtors

-

36,465

Other debtors

48,899

37,413

Other taxation

1,246

1,994

Accrued interest

6,342

7,368

56,487

83,240

7.	CASH AT BANK

2024

2023

£

£

Restricted deposit

556,415

299,360

Cash at bank and in hand

5,188

19,561

561,603

318,921

Deposits with a total of £556,415 (2023: £299,360) included within Restricted deposits above, are secured by way of fixed charges and negative pledge.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

46,367

13,898

Accruals

7,159

6,910

53,526

20,808

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

280,142

275,331

Other loans

1,384,488

1,916,181

1,664,630

2,191,512

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Share capital

1

20

10

10 Ordinary shares of 1 each were allotted at par during the year.