| |
|
2026 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
623,124 |
|
|
192,624 |
| Current assets |
|
16,531 |
|
|
612 |
|
| Creditors: amount falling due within one year |
|
(188,647) |
|
|
(58,168) |
|
|
Net current assets
|
|
|
(172,116)
|
|
|
(57,556)
|
|
Total assets less current liabilities
|
|
|
451,008 |
|
|
135,068 |
| Creditors: amount falling due after more than one year |
|
|
(462,359) |
|
|
(138,872) |
|
Net assets
|
|
|
(11,351) |
|
|
(3,804) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(11,351) |
|
|
(3,804) |
| |
NOTES TO THE ACCOUNTS
General Information
GARIMA INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14911252, registration address 9 Corn Mill Close, Sutton Coldfield, Birmingham, B76 1TY.
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 company incurred a loss of £7,547 during the year and had net liabilities of £11,351 at 30 June 2026.
The directors have reviewed the company's forecast rental receipts, operating expenditure, mortgage commitments and available funding for at least twelve months from the date these financial statements are authorised for issue.
On the basis of this assessment, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis.
Turnover
Turnover comprises rental income arising from the letting of the company's investment properties, excluding Value Added Tax where applicable and net of any applicable discounts or allowances.
Investment properties
Investment properties are properties held to earn rental income, for capital appreciation, or both. They are initially recognised at cost, including directly attributable acquisition costs, and subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Investment properties measured at fair value are not depreciated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2025 : 1).
|
| 3. |
Borrowings and Finance Costs
Borrowings are initially recognised at fair value, net of directly attributable fees, and subsequently measured at amortised cost using the effective-interest method. Directly attributable borrowing fees are recognised as finance costs over the term of the borrowing.
|
For the year ended 30 June 2026 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 year 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 financial statements were approved by the board of directors on 14 September 2026 and were signed on its behalf by: --------------------------------
Garima JAIN
Director |
1
|