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REGISTERED NUMBER: 01200378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

VIVASVAN ENTERPRISES LIMITED

VIVASVAN ENTERPRISES LIMITED (REGISTERED NUMBER: 01200378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIVASVAN ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: Mr V B Bhardwaj
Mr U Bhardwaj



REGISTERED OFFICE: Rays House
North Circular Road
London
NW10 7XP



REGISTERED NUMBER: 01200378 (England and Wales)



BANKERS: HSBC Bank Plc
City of London Branch
60 Queen Victoria Street
London
EC4N 4TR

VIVASVAN ENTERPRISES LIMITED (REGISTERED NUMBER: 01200378)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 6,160,688 6,078,645
Cash at bank 8,180 64,584
6,168,868 6,143,229
CREDITORS
Amounts falling due within one year 5 1,825 2,500
NET CURRENT ASSETS 6,167,043 6,140,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,167,043

6,140,729

CREDITORS
Amounts falling due after more than one year 6 47,200 47,200
NET ASSETS 6,119,843 6,093,529

CAPITAL AND RESERVES
Called up share capital 7 5,250,000 5,250,000
Retained earnings 869,843 843,529
SHAREHOLDERS' FUNDS 6,119,843 6,093,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2023 and were signed on its behalf by:





Mr U Bhardwaj - Director


VIVASVAN ENTERPRISES LIMITED (REGISTERED NUMBER: 01200378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Vivasvan Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 185 -

Amounts falling due after more than one year:
Other debtors 6,160,503 6,078,645

Aggregate amounts 6,160,688 6,078,645

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,825 2,500

VIVASVAN ENTERPRISES LIMITED (REGISTERED NUMBER: 01200378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 47,200 47,200

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,250,000 Ordinary shares £1 5,250,000 5,250,000

8. RELATED PARTY DISCLOSURES

2023 2022
£    £   
Rays Investments Limited 47,200 47,200
Parent undertaking

This is an interest free and unsecured loan from parent undertaking.

Sunflag (UK) Limited
Common directors

Some directors of the company are also directors of Sunflag (UK) Limited.During the year, the company had the following transactions with Sunflag (UK) Limited on normal tradeterms and conditions

Interest receivable 30,488 30,220

Amounts due at the balance sheet date 6,160,503 6,078,645

9. ULTIMATE CONTROLLING PARTY

The company was controlled by Bhardwaj family throughout the current and previous year. Rays Investments Limited is a Jersey company owned by a discretionary trust for benefit of some members of the Bhardwaj family.

The immediate and ultimate parent undertaking is Rays Investments Limited, a company incorporated in Jersey, Channel Islands.