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Registered Number: 09989681
England and Wales
SRAM & MRAM LIMITED
Abridged Accounts
Period of accounts Start date: 01 March 2024 End date: 31 March 2025

SRAM & MRAM LIMITED Contents Page For the Period 01 March 2024 to 31 March 2025
Statement of financial position | 1

SRAM & MRAM LIMITED Statement of Financial Position As at 31 March 2025
|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Called up share capital not paid |  |  | 98 |  |  | 6,000,000
Current assets |  | 6,869 |  |  | 0 |
Creditors: amount falling due within one year |  | (6,080) |  |  | 0 |
Net current assets |  |  | 789 |  |  | 0
Total assets less current liabilities |  |  | 887 |  |  | 6,000,000
Net assets |  |  | 887 |  |  | 6,000,000
Capital and reserves |  |  | 887 |  |  | 6,000,000
NOTES TO THE ACCOUNTS General Information SRAM & MRAM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09989681, registration address Office Gold,Building 7, Floor 5, 566 Chiswick High Road, Chiswick Business Park,, London, W4 5YG. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company. Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Intangible assets Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2. | Average number of employees Average number of employees during the period was 1 (2024 : 0).
3. | Ultimate Control The ultimate controlling interest is held by SRAM & MRAM TECHNOLOGIES AND RESOURCES LIMITED, who is the 100% shareholder of the company.
4. | Exemption from Consolidated Financial Statements The financial statements have been prepared on an individual company basis. The company is exempt from the requirement to prepare consolidated financial statements under Section 399 of the Companies Act 2006, as it qualifies as a small group as defined in Section 383 of the Companies Act 2006. The exemption applies because: 1. The aggregate turnover and average number of employee total of the group do not exceed the thresholds specified for small groups. 2. The group does not include any public interest entities. As a result, these financial statements present only the financial position and performance of the company and not that of the group.
5. | Prior Year Adjustment During preparation of these financial statements, a review identified that called-up share capital not paid of £6,000,000 reported in prior periods, related to shares issued against intellectual property rights (IPR). As no IPR asset was received or recognised in the balance sheet at that time, this amount has been corrected by retrospective restatement as a prior period adjustment.
For the period ended 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 accounts for the period in question in accordance with section 476. 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. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts. The financial statements were approved by the board of directors on 31 March 2026 and were signed on its behalf by:
-------------------------------- Shweta Ramesh VASWANI Director
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