Registered number
14059380
ANGARA UK, LTD
Filleted Accounts
For the period 21 April 2022 to 31 March 2023
ANGARA UK, LTD
Registered number: 14059380
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 4 2,890
Current assets
Stocks 50
Debtors 5 10,621
Cash at bank and in hand 14,734
25,405
Creditors: amounts falling due within one year 6 (58,407)
Net current liabilities (33,002)
Net liabilities (30,112)
Capital and reserves
Called up share capital 100
Profit and loss account (30,212)
Shareholder's funds (30,112)
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
-
Ankur Daga
Director
Approved by the board on 7 November 2023
ANGARA UK, LTD
Notes to the Accounts
for the period from 21 April 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents amounts receivable from the rendering of services net of discounts and value added taxes.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment : Straight line over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Giri
Firm: Makesworth Audit Services Ltd
Date of audit report: 7 November 2023
3 Employees 2023
Number
Average number of persons (including the directors) employed by the company 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,612
At 31 March 2023 3,612
Depreciation
Charge for the period 722
At 31 March 2023 722
Net book value
At 31 March 2023 2,890
5 Debtors 2023
£
Amounts owed by group undertakings 5,145
Other debtors 5,476
10,621
6 Creditors: amounts falling due within one year 2023
£
Amounts owed to group undertakings 55,907
Accrued expenses 2,500
58,407
7 Related party transactions
Included within debtors is an amount of £5,145 due from its parent company.

Included within creditors falling due within one year is an amount of £55,827 due to its parent company.
8 Controlling party
The company is wholly owned subsidiary of Angara, Inc., a company registered in the USA. The consolidated financial statements of this group can be obtained from Suite 1015 550 South Hill Street, Los Angeles, California, USA 90013.
9 Other information
ANGARA UK, LTD is a private company limited by shares and incorporated in England. Its registered office is:
Lynton House,
7-12 Tavistock Square
London
WC1H 9LT
ANGARA UK, LTD 14059380 false 2022-04-21 2023-03-31 2023-03-31 VT Final Accounts April 2022 Ankur Daga No description of principal activity 14059380 2022-04-21 2023-03-31 14059380 bus:PrivateLimitedCompanyLtd 2022-04-21 2023-03-31 14059380 bus:Audited 2022-04-21 2023-03-31 14059380 bus:Director40 2022-04-21 2023-03-31 14059380 1 2022-04-21 2023-03-31 14059380 2 2022-04-21 2023-03-31 14059380 countries:England 2022-04-21 2023-03-31 14059380 bus:FRS102 2022-04-21 2023-03-31 14059380 bus:FullAccounts 2022-04-21 2023-03-31 14059380 bus:SmallCompaniesRegimeForAccounts 2022-04-21 2023-03-31 14059380 2023-03-31 14059380 core:WithinOneYear 2023-03-31 14059380 core:ShareCapital 2023-03-31 14059380 core:RetainedEarningsAccumulatedLosses 2023-03-31 14059380 2022-04-20 iso4217:GBP xbrli:pure