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REGISTERED NUMBER: 11542863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2022

for

Kulkarni Private Limited

Kulkarni Private Limited (Registered number: 11542863)






Contents of the Financial Statements
for the Year Ended 31st August 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


Kulkarni Private Limited (Registered number: 11542863)

Balance Sheet
31st August 2022

31.8.22 31.8.21
Notes £    £   
CURRENT ASSETS
Debtors 4 2,294 338
Cash at bank 45,860 37,670
48,154 38,008
CREDITORS
Amounts falling due within one year 5 33,861 27,794
NET CURRENT ASSETS 14,293 10,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,293

10,214

CAPITAL AND RESERVES
Called up share capital 6 101 101
Retained earnings 14,192 10,113
SHAREHOLDERS' FUNDS 14,293 10,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th September 2022 and were signed by:





Dr A Kulkarni - Director


Kulkarni Private Limited (Registered number: 11542863)

Notes to the Financial Statements
for the Year Ended 31st August 2022

1. COMPANY INFORMATION

Kulkarni Private Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11542863

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
These financial statements are prepared on the going concern basis despite the company suffering a business interruption due to the ongoing COVID-19 pandemic. However, the company retains the full support of the directors and the directors have a reasonable expectation that the company has sufficient resources to continue in operational existence for the foreseeable future due to the fact operational costs have also fallen and there are minimal liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade debtors 2,294 338

Kulkarni Private Limited (Registered number: 11542863)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Tax 1,895 645
Directors' current accounts 31,372 26,675
Accrued expenses 594 474
33,861 27,794

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.8.22 31.8.21
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2022 and 31st August 2021:

31.8.22 31.8.21
£    £   
Dr A Kulkarni
Balance outstanding at start of year (26,675 ) (14,789 )
Amounts advanced 4,000 4,000
Amounts repaid (8,697 ) (15,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,372 ) (26,675 )

The loan is repayable on demand and no interest was charged during the year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Kulkarni by virtue of holding 100% of the voting share capital.