1 April 2022 false No description of principal activity Taxfiler 2023.11 10983875business:PrivateLimitedCompanyLtd2022-04-012023-03-31 109838752022-03-31 109838752022-04-012023-03-31 10983875business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 10983875business:FilletedAccounts2022-04-012023-03-31 109838752023-03-31 10983875business:Director12022-04-012023-03-31 10983875business:Director22022-04-012023-03-31 10983875business:RegisteredOffice2022-04-012023-03-31 109838752022-03-31 10983875core:WithinOneYear2023-03-31 10983875core:WithinOneYear2022-03-31 10983875core:AfterOneYear2023-03-31 10983875core:AfterOneYear2022-03-31 10983875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10983875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10983875core:PreviouslyStatedAmount2023-03-31 10983875core:PreviouslyStatedAmount2022-03-31 10983875business:SmallEntities2022-04-012023-03-31 10983875countries:EnglandWales2022-04-012023-03-31 10983875core:AfterOneYear2022-04-012023-03-31 109838752021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10983875 (England and Wales)
INDIA PARTNERSHIP FORUM LTD Unaudited accounts for the year ended 31 March 2023
INDIA PARTNERSHIP FORUM LTD Unaudited accounts Contents
Page
- 2 -
INDIA PARTNERSHIP FORUM LTD Company Information for the year ended 31 March 2023
Directors
Dr Mohan Lal Kaul Siddharth Kaul
Company Number
10983875 (England and Wales)
Registered Office
124 CITY ROAD LONDON EC1V 2NX UNITED KINGDOM
Accountants
Lotus Accountancy Ltd 306 Church Road, Northolt London UB5 5AP
- 3 -
INDIA PARTNERSHIP FORUM LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
2,010 
516 
Cash at bank and in hand
1,306 
380 
3,316 
896 
Creditors: amounts falling due within one year
(7,898)
(8,755)
Net current liabilities
(4,582)
(7,859)
Total assets less current liabilities
(4,582)
(7,859)
Creditors: amounts falling due after more than one year
(15,725)
(13,546)
Net liabilities
(20,307)
(21,405)
Capital and reserves
Profit and loss account
(20,307)
(21,405)
Shareholders' funds
(20,307)
(21,405)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2022 and were signed on its behalf by
Dr Mohan Lal Kaul Director Company Registration No. 10983875
- 4 -
INDIA PARTNERSHIP FORUM LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
INDIA PARTNERSHIP FORUM LTD is a private company, limited by shares, registered in England and Wales, registration number 10983875. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,000 
- 
Other debtors
1,010 
516 
2,010 
516 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
3,965 
Trade creditors
4,290 
4,290 
Taxes and social security
258 
- 
Other creditors
1,650 
500 
Accruals
1,700 
- 
7,898 
8,755 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,725 
13,546 
The bank loan is unsecured and is under the Bounce Back Loan scheme. The loan bears interest at 2.5% per annum and is repayable in instalments over 5 years.
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 5 -