0 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12581178 2022-04-01 2023-03-31 12581178 2023-03-31 12581178 2022-03-31 12581178 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 12581178 bus:Director1 2022-04-01 2023-03-31 12581178 core:WithinOneYear 2023-03-31 12581178 core:WithinOneYear 2022-03-31 12581178 core:ShareCapital 2023-03-31 12581178 core:ShareCapital 2022-03-31 12581178 core:RetainedEarningsAccumulatedLosses 2023-03-31 12581178 core:RetainedEarningsAccumulatedLosses 2022-03-31 12581178 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-31 12581178 bus:OrdinaryShareClass1 core:ShareCapital 2022-03-31 12581178 bus:SmallEntities 2022-04-01 2023-03-31 12581178 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12581178 bus:FullAccounts 2022-04-01 2023-03-31 12581178 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12581178 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 12581178
Mehta Investors Ltd
Unaudited filleted financial statements
31 March 2023
Mehta Investors Ltd
Contents
Balance sheet
Notes to the financial statements
Mehta Investors Ltd
Balance sheet
31 March 2023
31/03/23 31/03/22
Note £ £ £ £
Current assets
Debtors 5 242,250 42,250
Cash at bank and in hand 7,412 107,689
_______ _______
249,662 149,939
Creditors: amounts falling due
within one year 6 ( 250,660) ( 150,600)
_______ _______
Net current liabilities ( 998) ( 661)
_______ _______
Total assets less current liabilities ( 998) ( 661)
_______ _______
Net liabilities ( 998) ( 661)
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account ( 1,098) ( 761)
_______ _______
Shareholders deficit ( 998) ( 661)
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question 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 financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 December 2023 , and are signed on behalf of the board by:
Mr H Mehta
Director
Company registration number: 12581178
Mehta Investors Ltd
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is CHP, Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments applying to the company are basic as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Debtors
31/03/23 31/03/22
£ £
Other debtors 242,250 42,250
_______ _______
Other debtors include a loan of £200,000 (31 March 2022 - Nil) to a connected company.
6. Creditors: amounts falling due within one year
31/03/23 31/03/22
£ £
Other creditors 250,660 150,600
_______ _______
Other creditors include a loan of £250,300 (31 March 2022 - £150,300) from a connected company.
7. Called up share capital
Issued, called up and fully paid
31/03/23 31/03/22
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______