Eram Capital Partners Limited - Filleted accounts

Registered number

12371543

Eram Capital Partners Limited

Filleted Accounts

For the year ended 31 December 2024

Eram Capital Partners Limited
Registered number:		12371543
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		3,205			4,184
Investments	5		48,678,884			40,718,542
			48,682,089			40,722,726

Current assets
Debtors	6	3,500,325			4,574,452
Investments held as current assets	7	299,174			-
Cash at bank and in hand		2,452,304			120,084
		6,251,803			4,694,536

Creditors: amounts falling due within one year	8	(771,808)			(981,182)

Net current assets			5,479,995			3,713,354

Total assets less current liabilities			54,162,084			44,436,080

Creditors: amounts falling due after more than one year	9		(11,796,738)			(4,792,176)

Provisions for liabilities			(11,283,775)			(9,329,931)


Net assets			31,081,571			30,313,973

Capital and reserves
Called up share capital			2			2
Profit and loss account			31,081,569			30,313,971

Shareholders' funds			31,081,571			30,313,973

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



E Morrar
Director
Approved by the board on 27 December 2025

Eram Capital Partners Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Statutory information

	Eram Capital Partners Limited is a private company limited by shares and incorporated in England and Wales. The company's registered number and registered office address are as below:

	Registered number :	12371543

	Registered office :	International House
		6 South Molton Street
		London
		W1K 5QF

2	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. Turnover includes revenue earned from the provision of consultancy services. Investment income are recognised

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment		over 5 years

	Fixed assets investments
	Fixed assets investments in quoted shares and similar investments are measured initially at cost and subsequently at fair value (their market value) at the reporting date. Investments in subsidiaries, associates, joint ventures and other unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. The company uses Discounted Cash Flow (DCF) methodology to value its unlisted investments. The riskiness in the valuation determinations (using the DCF methodology) is a function of a few things but namely: (i) the steepness (slowness) of the revenue curve expected (as received from the clients/tenants of the particular projects) with each of the project investments that have been valued and (ii) the inflation risks associated with the Capex to be incurred with the projects (in terms of how much the actual Capex to be incurred -- associated with the client/tenant onboarding -- will deviate from the budgeted Capex, due to inflationary effects). Both of these elements will impact (positively or negatively ) in the range of +/- 10 to 20% the valuations of the project investments that have been determined using the DCF methodology.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and in hand, short term deposits with financial institutions. Cash equivalents are defined as short term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Taxation
	Current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Employees				2024		2023
Number						Number

	Average number of employees (including directors) employed by the company				1		1





4	Tangible fixed assets
							Plant and machinery etc
£
	Cost
	At 1 January 2024						4,896
	At 31 December 2024						4,896

	Depreciation
	At 1 January 2024						712
	Charge for the year						979
	At 31 December 2024						1,691

	Net book value
	At 31 December 2024						3,205
	At 31 December 2023						4,184


5	Investments

Listed				Other
investments				investments		Total
£				£		£
	Fair value
	At 1 January 2024		1,469,054		39,249,488		40,718,542
	Additions		-		553,253		553,253
	Revaluation		(67,379)		7,882,752		7,815,373
	Disposals		-		(408,284)		(408,284)

	At 31 December 2024		1,401,675		47,277,209		48,678,884

	Historical cost
	At 1 January 2024		1,576,139		1,310,374
	At 31 December 2024		1,576,139		1,455,341


6	Debtors				2024		2023
£						£

	Trade debtors				1,302,510		734,667
	Other debtors				2,197,815		3,839,785
					3,500,325		4,574,452

	Amounts due after more than one year included above				2,197,536		3,839,563


7	Investments held as current assets				2024		2023
£						£
	Fair value
	Unlisted investments				299,174		-

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Unlisted investments				187,784		-

8	Creditors: amounts falling due within one year				2024		2023
£						£

	Other loans				405,197		382,916
	Trade creditors				310,177		430,172
	Taxation and social security costs				18,978		163,094
	Other creditors				37,456		5,000
					771,808		981,182


9	Creditors: amounts falling due after one year				2024		2023
£						£

	Other loans				10,428,999		2,928,092
	Directors' loans				270,854		378,380
	Other creditors				1,096,885		1,485,704
					11,796,738		4,792,176


10	Loans				2024		2023
£						£
	Other creditors include:

	Secured loans				1,096,885		1,008,080

	Other creditors include an amount of £1,096,885 (2023: £1,008,080) which is secured against the company's certain investments.


11	Undistributable reserve

	Included within the profit and loss reserve is an amount of £35,057,582 (2023: £29,953,328) that represents unrealised profit arising on the revaluation of the company's investments.


12	Related party transactions

	Included within debtors is an amount of £2,555,663 (2023: £nil) owed by companies where E Morrar is a director. Included within creditors due over one year is an amount of £1,096,885 (2023: £1,485,704) owed to a company where E Morrar is a director. Included within creditors due over one year is an amount of £270,854 (2023: £378,380) owed to the directors of the company.