ANKARAM GROUP LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07329946

ANKARAM GROUP LIMITED

Filleted Unaudited Financial Statements

31 March 2025

ANKARAM GROUP LIMITED

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Jul 24
Note	£	£

Fixed assets

Tangible assets	4	291,785	292,078

Current assets

Debtors	5	312,472	228,155
Cash at bank and in hand		6,494	1,348
		---------	---------
		318,966	229,503

Creditors: amounts falling due within one year	6	1,210	1,398
		---------	---------
Net current assets		317,756	228,105
		---------	---------
Total assets less current liabilities		609,541	520,183

Creditors: amounts falling due after more than one year	7	680,500	618,000
		---------	---------
Net liabilities		( 70,959)	( 97,817)
		---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 70,963)	( 97,821)
	--------	--------
Shareholders deficit	( 70,959)	( 97,817)
	--------	--------

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.

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

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ANKARAM GROUP LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 1 May 2026 , and are signed on behalf of the board by:

Mukesh Kumar Sehgal
Director

Company registration number: 07329946

ANKARAM GROUP LIMITED

Notes to the Financial Statements

Period from 1 August 2024 to 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 63 Dennis Lane, Stanmore, England, HA7 4JU.

2. Statement of compliance

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

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Long leasehold property	-	1000 year on straight line

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Long leasehold property
	£
Cost
At 1 August 2024 and 31 March 2025	293,250
	---------
Depreciation
At 1 August 2024	1,172
Charge for the period	293
	---------
At 31 March 2025	1,465
	---------
Carrying amount
At 31 March 2025	291,785
	---------
At 31 July 2024	292,078
	---------

5. Debtors

	31 Mar 25	31 Jul 24
	£	£
Other debtors	312,472	228,155
	---------	---------

6. Creditors: amounts falling due within one year

	31 Mar 25	31 Jul 24
	£	£
Other creditors	1,210	1,398
	-------	-------

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

	31 Mar 25	31 Jul 24
	£	£
Bank loans and overdrafts	680,500	618,000
	---------	---------

8. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	31 Mar 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mukesh Kumar Sehgal	( 340)	( 150)	( 490)
	----	----	----

	31 Jul 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mukesh Kumar Sehgal	( 290)	( 50)	( 340)
	----	----	----

9. Related party transactions

The company was under the control of Mukesh Kumar Sehgal throughout the current and previous year Mukesh Kumar Sehgal is the managing director and holding 25% shares. Other creditors includes amount owed to C B Retail £312,472 (2024 £154,682) in which Mukesh Kumar Sehgal is director.