REGISTERED NUMBER: 05137244 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

GANDHI INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J.C. Gandhi

Mr K.A. Mody

REGISTERED OFFICE:

Unit 22/23 The IO Centre

59-71 River Road, Barking

IG11 0DR

REGISTERED NUMBER:

05137244 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Investment property

4

1,900,000

1,900,000

CURRENT ASSETS

Debtors

5

97,738

113,009

CREDITORS

Amounts falling due within one year

6

(85,529

)

(83,092

)

NET CURRENT ASSETS

12,209

29,917

TOTAL ASSETS LESS CURRENT LIABILITIES

1,912,209

1,929,917

CREDITORS

Amounts falling due after more than one year

7

(583,064

)

(626,272

)

PROVISIONS FOR LIABILITIES

9

(48,987

)

(48,987

)

NET ASSETS

1,280,158

1,254,658

CAPITAL AND RESERVES

Called up share capital

10

200,000

200,000

Share premium

11

150,000

150,000

Revaluation reserve

11

146,960

146,960

Retained earnings

11

783,198

757,698

SHAREHOLDERS' FUNDS

1,280,158

1,254,658

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

Mr K.A. Mody - Director

1.	STATUTORY INFORMATION

Gandhi 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover comprises revenue recognised by the company in respect of rents received during the year. Rents are recognised up to the year end date.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,900,000

NET BOOK VALUE

At 31 March 2025

1,900,000

At 31 March 2024

1,900,000

The fair value of the properties at March 2025 was based on the rental income receivable for the property at that date.The directors consider that the valuation remains at a similar level.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed by participating interests

97,738

113,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts (see note 8)

70,811

70,448

Tax

7,493

6,264

VAT

3,600

3,600

Accrued expenses

3,625

2,780

85,529

83,092

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 8)

238,868

298,382

Amounts owed to participating interests

344,196

327,890

583,064

626,272

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

238,868

298,382

The bank loans are secured by a fixed charge over the properties owned.

8.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

31/3/24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,763

1,400

Bank loans

69,048

69,048

70,811

70,448

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

238,868

298,382

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

48,987

48,987

Deferred

Other

tax

provisions

£

£

Balance at 1 April 2024

48,987

48,987

Balance at 31 March 2025

48,987

48,987

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

200,000

ordinary

1

200,000

200,000

11.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 April 2024

757,698

150,000

146,960

1,054,658

Profit for the year

25,500

25,500

At 31 March 2025

783,198

150,000

146,960

1,080,158

12.	RELATED PARTY DISCLOSURES

Included in debtors there is an amount of £97,738 (2024 - £84,209) owed by Gandhi Wine Suppliers Limited, a company under the control of one of the directors.

Included in creditors there is an amount of £344,196 (2024 - £327,890), owed to Josh Investments Limited, a company under the partial control of one of the directors.