Mehrazma Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Mehrazma Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10425968 . The registered office is 128, City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland " ("FRS 102") and requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in £, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15 years
Plant & Machinery	25%

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Mehrazma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to release the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, other loans and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

2.7. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.8.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short tem liquid investments with original maturity of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.9.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as laibilities once they are no longer at the discretion of the company.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Mehrazma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

12 (2024: 10)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 November 2024	2,445	183,879	186,324
Additions	-	25,919	25,919

As at 31 October 2025	2,445	209,798	212,243

Depreciation
As at 1 November 2024	1,032	183,879	184,911
Provided during the period	163	6,480	6,643

As at 31 October 2025	1,195	190,359	191,554

Net Book Value
As at 31 October 2025	1,250	19,439	20,689

As at 1 November 2024	1,413	-	1,413

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	59,237	37,100
Other debtors	7,079	4,465

	66,316	41,565

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other taxes and social security	5,380	4,289
VAT	18,422	19,747
Accruals and deferred income	10,994	6,724
Directors' loan accounts	244,999	224,999

	279,795	255,759

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Mehrazma Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Related Party Transactions

Mehrdad Noorani

Director and shareholder

At the balance sheet date, the company owed Mehrdad Noorani sum of £244,999 (2024-£224,999).

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr Mehrdad Noorani by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,689		1,413

			20,689		1,413
CURRENT ASSETS
Debtors	5	66,316		41,565
Cash at bank and in hand		10,334		32,978

		76,650		74,543
Creditors: Amounts Falling Due Within One Year	6	(279,795 )		(255,759 )

NET CURRENT ASSETS (LIABILITIES)			(203,145 )		(181,216 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(182,456 )		(179,803 )

NET LIABILITIES			(182,456 )		(179,803 )

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(182,457 )		(179,804 )

SHAREHOLDERS' FUNDS			(182,456)		(179,803)