Niram Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02829832 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Niram Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Y K Gandhi

D J Gandhi

REGISTERED OFFICE:

Milife Care Services

Unit 7c Earls Way

Thurmaston

Leicester

Leicestershire

LE4 8FY

REGISTERED NUMBER:

02829832 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,318,977

1,343,664

1,318,977

1,343,664

CURRENT ASSETS

Stocks

1,500

Debtors

6

402,884

419,761

Investments

7

500,000

Cash at bank and in hand

231,027

321,985

1,135,411

1,243,246

CREDITORS

Amounts falling due within one year

8

(293,717

)

(234,968

)

NET CURRENT ASSETS

841,694

1,008,278

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,160,671

2,351,942

CREDITORS

Amounts falling due after more than one
year

9

-

(18,013

)

PROVISIONS FOR LIABILITIES

(131,752

)

(130,734

)

NET ASSETS

2,028,919

2,203,195

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

574,661

Retained earnings

1,454,256

1,628,532

2,028,919

2,203,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 1 August 2025 and were signed on its behalf by:

D J Gandhi - Director

1.	STATUTORY INFORMATION

Niram 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell

on a first in first out basis after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2024 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

130,000

AMORTISATION

At 1 April 2024

and 31 March 2025

130,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST OR VALUATION

At 1 April 2024

1,425,000

36,207

1,461,207

Additions

-

6,840

At 31 March 2025

1,425,000

43,047

1,468,047

DEPRECIATION

At 1 April 2024

87,587

29,956

117,543

Charge for year

28,500

3,027

31,527

At 31 March 2025

116,087

32,983

149,070

NET BOOK VALUE

At 31 March 2025

1,308,913

10,064

1,318,977

At 31 March 2024

1,337,413

6,251

1,343,664

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 2022

518,119

-

518,119

Cost

906,881

43,047

949,928

1,425,000

43,047

1,468,047

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

906,881

Aggregate depreciation

278,111

259,973

Freehold land and buildings were valued on an open market basis on 31 March 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

56,517

159,450

Other debtors

346,367

260,311

402,884

419,761

Other debtors include prepayments and accrued income of £19,076 (2024: £18,079).

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

Unlisted investments

500,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

-

11,160

Trade creditors

44,667

40,168

Taxation and social security

139,134

78,878

Other creditors

109,916

104,762

293,717

234,968

Other creditors include accruals and deferred income of £4,977 (2024: £4,768).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

-

18,013

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

D J Gandhi

Balance outstanding at start of year

121,116

-

Amounts advanced

118,653

121,116

Amounts repaid

(117,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

122,769

121,116

Y K Gandhi

Balance outstanding at start of year

121,116

-

Amounts advanced

118,653

121,116

Amounts repaid

(117,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

122,769

121,116

The loans are repayable on demand. Interest has been charged at HMRC's official rate of interest.