| |
|
2026 |
| |
|
£ |
£ |
| Called up share capital not paid |
|
|
100 |
| Fixed assets |
|
|
377,215 |
| Current assets |
|
5,870 |
|
| Prepayments and accrued income |
|
146 |
|
| Creditors: amount falling due within one year |
|
(118,988) |
|
|
Net current assets
|
|
|
(112,972)
|
|
Total assets less current liabilities
|
|
|
264,343 |
| Creditors: amount falling due after more than one year |
|
|
(264,629) |
| Accruals and deferred income |
|
|
(2,116) |
|
Net assets
|
|
|
(2,402) |
| |
|
|
|
|
|
Capital and reserves
|
|
|
(2,402) |
| |
NOTES TO THE ACCOUNTS
General Information
AARAMBH INVESTMENT PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 16211301, registration address 9 St. Mary View, Harrow, Middlesex, HA3 8ED.
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
At the balance sheet date the company had net liabilities of £2,402, arising from the loss in its first period of trading, which reflects mortgage interest and the costs of acquiring and letting its investment property. The company is funded by its directors, who have confirmed that they will continue to provide financial support and will not seek repayment of amounts owed to them until the company is able to do so. The property is let and rental income covers the ongoing mortgage interest. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover represents rental income receivable from the letting of the company's investment property and is recognised on a straight-line basis over the period of the tenancy. Rent received in advance is included in creditors as deferred income. Residential rents are exempt from VAT.
Taxation
The tax expense for the period comprises current tax, recognised in profit or loss. Current tax is calculated on the basis of tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax is not recognised, as permitted by FRS 105.
Investment properties
Investment property comprises a residential leasehold flat held to earn rental income. In accordance with FRS 105, investment property is measured at cost, including purchase price, stamp duty land tax and legal costs of acquisition, less accumulated depreciation and any impairment losses. The property is held on a 900-year lease and its residual value is estimated to be not less than cost, so no depreciation is charged. The carrying amount is reviewed for impairment at each reporting date.
|
| 2. |
Average number of employees
The average number of persons employed by the company, including the directors, during the period was
3.
|
| 3. |
Financial Commitments, Guarantees and Contingencies
The bank loan of £270,375 (shown net of unamortised arrangement costs) is secured by a first legal charge over the company's investment property, 394A Rayners Court, Harrow, and is repayable in full at the end of its 25-year term, more than five years after the balance sheet date. The loan is also personally guaranteed by the directors. There were no other financial commitments, guarantees or contingencies at the balance sheet date.
|
For the period ended 31 January 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 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 26 October 2026 and were signed on its behalf by: --------------------------------
Keyurkumar Yashvantlal SHAH
Director |
1
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