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Company Registration Number : 11697881 (England and Wales)
11697881
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2022-11-30
false
Sri Selli Portfolios Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2021-12-01
Sri Selli Portfolios Limited
Unaudited filleted financial statements
For the year ended 30 November 2022
Sri Selli Portfolios Limited
Contents
For the year ended 30 November 2022

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Sri Selli Portfolios Limited
Company Information
For the year ended 30 November 2022

Company registration number 11697881 (England and Wales)
Director Ramya Sivakumar
Registered office address Dns House
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Sri Selli Portfolios Limited
Statement of Financial Position
For the year ended 30 November 2022

2022 2021
Notes £ £
Fixed assets
Property, plant and equipment 2,610 2,667
Investment Property 552,915 503,000
6 555,525 505,667
Current assets
Debtors - 26,375
Cash and cash equivalents 10,976 4,863
10,976 31,238
Current liabilities
Creditors: Amounts falling due within one year (177,292) (180,713)
Corporation tax payable (239) -
(177,531) (180,713)
Net current (liabilities)/assets (166,554) (149,475)
Total assets less current liabilities 388,971 356,192
Non-current liabilities
Creditors: Amounts falling due after more than one year (389,051) (366,845)
Net (liabilities)/assets (80) (10,653)
Capital and reserves
Called up share capital 100 100
Retained earnings (180) (10,753)
Shareholders' funds (80) (10,653)
For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility 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 special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 November 2023
.............................
Ramya Sivakumar (Director)
Company registration number: 11697881
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2022-11-30 30 November 2022
2022 2021
£ £
Fixed Assets 555,525 505,667
Current Assets 10,976 31,238
Creditors: amounts falling due within one year (177,531) (180,713)
Net current assets (liabilities) (166,554) (149,475)
Total assets less current liabilities 388,971 356,192
CREDITORS: Amounts falling due more than one year (389,051) (366,845)
Net Assets (liabilities) (80) (10,653)
Capital and Reserves (80) (10,653)
For the year ending 11/30/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-11-2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 27 November 2023 2023-11-27 and signed on behalf of the board,
.............................
Ramya Sivakumar
Director
Company registration number: 11697881
Sri Selli Portfolios Limited
Notes to the Financial Statements
For the year ended 30 November 2022

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dns House, 382 Kenton Road, Harrow, Middlesex, United Kingdom, HA3 8DP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings33% reducing balance
Equipment33% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis

(4) Employees
During the year, the average number of employees including director was 0 (2021 : 0).

(5) Related party transactions
Transactions with companies, that are under common control or influence, were as follows:

Selli Holding Ltd:

At the reporting date, £22,508 (2021: £26,375 owed to) was owed by the company in respect of a short–term interest-free loan repayable on demand.

(6) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 December 20214,000503,000507,000
Additions1,24949,91451,163
As at 30 November 20225,249552,914558,163
Depreciation/Amortisation
As at 01 December 20211,333-1,333
For the year1,305-1,305
As at 30 November 20222,638-2,638
Net book value
As at 30 November 20222,611552,914555,525
As at 30 November 20212,667503,000505,667

(7) Investment Properties
FRS 102 1a requires deferred tax to be accounted for assets that are subject to revaluation. Consequently, no deferred tax was recognized on 30 November 2022 as there is no revaluation found during the year­-end.

(8) Creditors > 1 year (Mortgage Loans)
Mortgage loans are secured by the Investment properties.