Persepolis Investments Ltd 31/03/2025 iXBRL

Company registration number: 12540920

Persepolis Investments Ltd

Unaudited filleted financial statements

31 March 2025

Persepolis Investments Ltd

Contents

Statement of financial position

Notes to the financial statements

Persepolis Investments Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	141,061		112,408
		_______		_______
			141,061		112,408

Current assets
Cash at bank and in hand		162		155
		_______		_______
		162		155
Creditors: amounts falling due
within one year	6	( 205,491)		( 167,179)
		_______		_______
Net current liabilities			( 205,329)		( 167,024)
			_______		_______
Total assets less current liabilities			( 64,268)		( 54,616)

			_______		_______
Net liabilities			( 64,268)		( 54,616)
			_______		_______

Capital and reserves
Called up share capital			2		2
Other reserves			10,985		( 2,904)
Profit and loss account			( 75,255)		( 51,714)
			_______		_______
Shareholders deficit			( 64,268)		( 54,616)
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr C Monfared

Director

Company registration number: 12540920

Persepolis Investments Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Persepolis Investments Ltd, Suite Ff10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 March 2025 the company had excess liabilities over assets totalling £64,268. The company is dependent upon the continued financial support of the director and on the basis that this support is forthcoming, the director considers it appropriate for the financial statements to be prepared on the going concern basis.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 April 2024	112,408	112,408
Additions	74,740	74,740
Disposals	( 32,197)	( 32,197)
Revaluations	( 13,890)	( 13,890)
	_______	_______
At 31 March 2025	141,061	141,061
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	141,061	141,061
	_______	_______
At 31 March 2024	112,408	112,408
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	205,491	167,179
	_______	_______

7. Fair value reserve

Included within other reserves is the fair value reserve as follows:

	2025	2024
	£	£
At start of year	( 2,905)	( 45,410)
Reclassification from fair value reserve to profit and loss account	13,890	42,506
	_______	_______
At end of year	10,985	(2,904)
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr C Monfared	( 1,329)	( 312)	-	( 1,641)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr C Monfared	( 6,017)	( 312)	5,000	( 1,329)
		_______	_______	_______	_______

This loan is provided on an interest free basis and is repayable on demand.

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Transaction value		Balance owed by /(owed to)
	year	Year	year	Year
	ended	ended	ended	ended
	2025	2024	2025	2024
	£	£	£	£
Vernon House Development Ltd	203,850	165,850	203,850	165,850
	_______	_______	_______	_______

.

10. Controlling party

The company is under the control of the directors