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Registration number: 11492735

Ananta Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2021 to 31 January 2023

 

Ananta Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Ananta Ltd

Company Information

Directors

Dr K Koshal

Mrs A Koshal

Registered office

32 London Road
Datchet
Slough
SL3 9JN

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ananta Ltd
for the Period Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ananta Ltd for the period ended 31 January 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ananta Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Ananta Ltd and state those matters that we have agreed to state to the Board of Directors of Ananta Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ananta Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ananta Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ananta Ltd. You consider that Ananta Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ananta Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

18 October 2023

 

Ananta Ltd

(Registration number: 11492735)
Balance Sheet as at 31 January 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

4

2,736

921

Current assets

 

Debtors

5

50,290

55,351

Cash at bank and in hand

 

171,241

77,773

 

221,531

133,124

Creditors: Amounts falling due within one year

6

(49,081)

(20,895)

Net current assets

 

172,450

112,229

Total assets less current liabilities

 

175,186

113,150

Provisions for liabilities

(684)

(175)

Net assets

 

174,502

112,975

Capital and reserves

 

Called up share capital

100

100

Retained earnings

174,402

112,875

Shareholders' funds

 

174,502

112,975

For the financial period ending 31 January 2023 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 October 2023 and signed on its behalf by:
 

.........................................
Dr K Koshal
Director

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 London Road
Datchet
Slough
SL3 9JN

These financial statements were authorised for issue by the Board on 18 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 January 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2021 - 2).

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2021

1,152

1,152

Additions

2,406

2,406

At 31 January 2023

3,558

3,558

Depreciation

At 1 August 2021

231

231

Charge for the period

591

591

At 31 January 2023

822

822

Carrying amount

At 31 January 2023

2,736

2,736

At 31 July 2021

921

921

5

Debtors

2023
£

2021
£

Trade debtors

7,045

-

Prepayments

1,141

1,231

Other debtors

42,104

54,120

50,290

55,351

6

Creditors

Creditors: amounts falling due within one year

2023
£

2021
£

Due within one year

Taxation and social security

27,495

14,305

Accruals and deferred income

1,586

1,374

Other creditors

20,000

5,216

49,081

20,895

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 January 2023

7

Related party transactions

Transactions with directors

2023

At 1 August 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Dr K Koshal

Repayable on demand; interest charged at the official rate

16,266

60,243

(70,300)

6,209

         
       

Mrs A Koshal

Repayable on demand; interest charged at the official rate

21,438

46,156

(52,511)

15,083

         
       

 


 

2021

At 1 August 2020
£

Advances to director
£

Repayments by director
£

At 31 July 2021
£

Dr K Koshal

Repayable on demand; interest charged at the official rate

29,804

16,462

(30,000)

16,266

         
       

Mrs A Koshal

Repayable on demand; interest charged at the official rate

31,050

5,388

(15,000)

21,438

         
       

 

Summary of transactions with all associates


Ananta Ventures Ltd

 
(A company owned by Dr K Koshal & Mrs A Koshal)

 
Ananta Ltd continued to advance loan facilities of £10,000 (2021 - £10,000) to Ananta Ventures Ltd. The loan is repayable on demand and is classed as a debtor repayable within one year.
 

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 January 2023

Summary of transactions with other related parties

Cerum Ltd

(A company jointly owned by Dr K Koshal)

During the year Ananta Ltd continued to advance loan facilities of £4,796 (2021 - £1,200) to Cerum Ltd. The loan is repayable on demand and is classed as a debtor repayable within one year.

 
Nikos Trade Limited

(A company owned by a relation to a director)

During the year the Nikos Trade Limited advanced loan facilities of £20,000 to Ananta Ltd. The loan is repayable on demand and is classed as a creditor repayable within one year.