Gosrani Capital Limited 31/03/2025 iXBRL

Company registration number: 09625769

Gosrani Capital Limited

Unaudited filleted financial statements

31 March 2025

Gosrani Capital Limited

Contents

Statement of financial position

Notes to the financial statements

Gosrani Capital Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	-		5,766
		_______		_______
			-		5,766

Current assets
Debtors	6	160,395		335,395
Cash at bank and in hand		121,983		41,567
		_______		_______
		282,378		376,962
Creditors: amounts falling due
within one year	7	( 302,911)		( 101,685)
		_______		_______
Net current (liabilities)/assets			( 20,533)		275,277
			_______		_______
Total assets less current liabilities			( 20,533)		281,043

Creditors: amounts falling due
after more than one year	8		( 782,554)		( 1,163,912)
			_______		_______
Net liabilities			( 803,087)		( 882,869)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 803,089)		( 882,871)
			_______		_______
Shareholders deficit			( 803,087)		( 882,869)
			_______		_______

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mahesh Gosrani

Director

Company registration number: 09625769

Gosrani Capital Limited

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 & Wales. The address of the registered office is Scottish Provident House, 3rd Floor, 76 - 80 College Road, Harrow, Middlesex, HA1 1BQ. The principal activity of the company is that of holding investments and asset management services.

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', and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis with certain financial assets and liabilities 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

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. With the continuing financial support from the shareholders by way of shareholders loans to the company which are in excess of the shareholders deficit, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of signing of these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at fair value of consideration received or receivable and represents income from investments and asset management services.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Where investments are considered to be irrecoverable, these are written off and the respective impairment provisions reversed.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. Where an asset is considered unrecoverable it is written off and the respective impairment provision reversed.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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Investments

	Other investments other than loans	Other loans	Total
	£	£	£
Cost or valuation
At 1 April 2024	100,500	5,266	105,766
Disposals / Repayments	( 500)	( 3,667)	( 4,167)
Loan to LLP written off	-	( 1)	( 1)
Other movements	-	( 1,598)	( 1,598)
	_______	_______	_______
At 31 March 2025	100,000	-	100,000
	_______	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	100,000	-	100,000
	_______	_______	_______
Carrying amount
At 31 March 2025	-	-	-
	_______	_______	_______
At 31 March 2024	500	5,266	5,766
	_______	_______	_______

Other investments represent the company's interests in various Limited Liability Partnerships as members capital. As at 31 March 2025, the Company had interest in only one LLP. Subsequent to the balance sheet, this LLP has had a receiver action on the assets of the LLP. The directors consider that its member capital will be unrecoverable.

6. Debtors

	2025	2024
	£	£
Other debtors	160,395	335,395
	_______	_______

Other debtors include loans to connected companies amounting to £160,395 (2024: £335,395) which are unsecured, interest free and repayable on demand.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,462	10,204
Trade creditors	375	450
Other creditors	292,074	91,031
	_______	_______
	302,911	101,685
	_______	_______

Other creditors include a loan from a connected party in sum of £85,000 (2024: £85,000) which is unsecured, repayable on or before 7 March 2026 and at interest rate of 10% per annum.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,038	12,296
Other creditors	780,516	1,151,616
	_______	_______
	782,554	1,163,912
	_______	_______

Other creditors represent shareholders loans which are unsecured, interest free and not repayable until after 1 April 2027.Bank loan represents Bounce Back loan which is interest bearing at 2.5% p.a and repayable by 2 June 2026.

9. Controlling party

In the opinion of the directors, there is no single controlling party.