| JIRAM LIMITED |
| Registered number: |
10327324 |
| Abridged Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,160,500 |
|
|
1,160,500 |
|
| Current assets |
| Debtors |
|
|
42,521 |
|
|
53,021 |
| Investments held as current assets |
4 |
|
112,500 |
|
|
118,750 |
| Cash at bank and in hand |
|
|
102,795 |
|
|
25,547 |
|
|
|
257,816 |
|
|
197,318 |
|
| Creditors: amounts falling due within one year |
|
|
(1,151,387) |
|
|
(1,142,912) |
|
| Net current liabilities |
|
|
|
(893,571) |
|
|
(945,594) |
|
| Net assets |
|
|
|
266,929 |
|
|
214,906 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
266,829 |
|
|
214,806 |
|
| Shareholders' funds |
|
|
|
266,929 |
|
|
214,906 |
|
|
|
|
|
|
|
|
| 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. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
| Mr Jayendra Patel |
| Director |
| Approved by the board on 12 January 2026 |
|
| JIRAM LIMITED |
| Notes to the Abridged Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged 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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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. |
|
|
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. |
|
|
Taxation |
|
A 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. |
|
|
Provisions |
|
Provisions (ie 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. |
|
|
Investment properties |
|
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction cost. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2025 |
1,160,500 |
|
|
At 31 December 2025 |
1,160,500 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 January 2025 |
1,160,500 |
|
At 31 December 2025 |
1,160,500 |
|
|
|
|
|
|
|
|
|
|
Other investments comprise investment properties and an investment in the ordinary share capital of an unlisted company.
Investment properties are held to earn rentals and for capital appreciation and are measured at fair value in accordance with Section 16 of FRS 102. The fair value of the investment properties at 31 December 2025 has been arrived at on the basis of a valuation carried out at that date by Mr Jayendra Patel, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the same location and takes into account the current state of the rental market in the area in which the properties are situated.
At 31 December 2025, investment properties amounted to £1,160,375 (2024: 1,160,375).
The remaining balance of £125 (2024: £125) relates to an investment in the ordinary shares of an unlisted company.
The investment in the ordinary shares of an unlisted company, amounting to £125, is held as a long-term investment and is stated at cost less any impairment in accordance with Section 11 of FRS 102. |
|
|
| 4 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
112,500 |
|
118,750 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
The company is controlled by the director. |
|
|
| 6 |
Other information |
|
|
JIRAM LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
35 Gordon Avenue |
|
London |
|
HA7 3QQ |