Registered number
11429272
MAYUUKHA UK PVT. LIMITED
Filleted Accounts
31 March 2023
MAYUUKHA UK PVT. LIMITED
Company Information
Directors
G Tyagi
Mayuukha PTE. Limited
Auditors
Kaiser Nouman Nathan LLP
Unit D 17 Plumbers Row
London
England
E1 1EQ
Registered office
17 Hanover Square
London
United Kingdom
W1S 1BN
Registered number
11429272
MAYUUKHA UK PVT. LIMITED
Registered number: 11429272
Directors' Report
The directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The Company's principal activity during the year continued to be marketing of products related to Advanced Technologies into the European Region.
Directors
The following persons served as directors during the year:
G Tyagi
Mayuukha PTE. Limited
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 March 2024 and signed on its behalf.
G Tyagi
Director
MAYUUKHA UK PVT. LIMITED
Profit and Loss Account
for the year ended 31 March 2023
2023 2022
£ £
Administrative expenses (6,067) (5,982)
Operating loss (6,067) (5,982)
Loss before taxation (6,067) (5,982)
Tax on loss - -
Loss for the financial year (6,067) (5,982)
MAYUUKHA UK PVT. LIMITED
Registered number: 11429272
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 412 395
Cash at bank and in hand 18,837 3,855
19,249 4,250
Creditors: amounts falling due within one year 5 (70,973) (69,907)
Net current liabilities (51,724) (65,657)
Total assets less current liabilities (51,724) (65,657)
Creditors: amounts falling due after more than one year 6 (73,698) (53,698)
Net liabilities (125,422) (119,355)
Capital and reserves
Called up share capital 12,000 12,000
Profit and loss account (137,422) (131,355)
Shareholders' funds (125,422) (119,355)
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.
G Tyagi
Director
Approved by the board on 24 March 2024
MAYUUKHA UK PVT. LIMITED
Statement of Changes in Equity
for the year ended 31 March 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2021 12,000 - - (125,373) (113,373)
Loss for the financial year (5,982) (5,982)
At 31 March 2022 12,000 - - (131,355) (119,355)
At 1 April 2022 12,000 - - (131,355) (119,355)
Loss for the financial year (6,067) (6,067)
At 31 March 2023 12,000 - - (137,422) (125,422)
MAYUUKHA UK PVT. LIMITED
Notes to the Accounts
for the year ended 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).
Going concern
The directors have confirmed that the company will have continued financial assistance from its parent and related companies. At the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operation for the foreseable future. For this reason, they have adopted the going concern basis in preparing the finacial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: D Bathmanathan
Firm: Kaiser Nouman Nathan LLP
Date of audit report: 26 March 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Debtors 2023 2022
£ £
Other debtors 412 395
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 70,973 69,907
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 73,698 53,698
7 Controlling party
The ultimate parent company is ProYuga Advanced Technologies Limited and it's registered address: 1609, Lodha Supremus, Saki Vihar Road, Opp MTNL Office, Powai, Mumbai, Maharashtra - 400072. India.
8 Other information
MAYUUKHA UK PVT. LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Hanover Square
London
United Kingdom
W1S 1BN
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