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Registration number: 12481986

Dextara Digital (UK) Pvt. Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Dextara Digital (UK) Pvt. Ltd.

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Dextara Digital (UK) Pvt. Ltd.

Company Information

Directors

Mr Chakradhar Reddy Kayam

Mr Sreekanth Lapala

Accountants

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Dextara Digital (UK) Pvt. Ltd.

(Registration number: 12481986)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

396

360

Cash at bank and in hand

 

172

242

 

568

602

Creditors: Amounts falling due within one year

5

(5,038)

(3,670)

Net liabilities

 

(4,470)

(3,068)

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

(4,670)

(3,268)

Shareholders' deficit

 

(4,470)

(3,068)

For the financial year ending 31 March 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 year 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 and delivered 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements were approved and authorised for issue by the Board on 31 October 2023 and signed on its behalf by:
 

..........................................................
Mr Chakradhar Reddy Kayam
Director

 

Dextara Digital (UK) Pvt. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 31 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.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have confirmed that the parent company is willing to provide the necessary financial support as necessary and accordingly these financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

 

Dextara Digital (UK) Pvt. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

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.

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2022: 2). No directors received any remuneration during the year (2022: £Nil).

4

Debtors

2023
£

2022
£

Prepayments

396

360

396

360

 

Dextara Digital (UK) Pvt. Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

870

Amounts owed to group undertakings

7

2,200

2,200

Other creditors

 

2,238

-

Accrued expenses

 

600

600

 

5,038

3,670

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200

         

7

Related party transactions

The company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies that are wholly owned within the group.

At the balance sheet date the company owed its parent, Dextara Digital Private Limited £2,200 (2022: £2,200). The loan is interest free, unsecured and with no fixed term of repayment.

8

Parent and ultimate parent undertaking

The company's immediate parent is Dextara Digital Private Limited, incorporated in India.

  These financial statements are available upon request from:

Floor-2, Door No 1/18 HIE NR-3,
Fairfield by Marriot Building,
Nanakramguda, Serlingampally,
Financial District, Hyderabad - 500032,
Rangareddy, Telangana, India.

The ultimate controlling party is Dextara Digital Private Limited.