Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12244963 Mr Diviesh Joshi Mrs Kajal Joshi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12244963 2022-10-31 12244963 2023-10-31 12244963 2022-11-01 2023-10-31 12244963 frs-core:CurrentFinancialInstruments 2023-10-31 12244963 frs-core:Non-currentFinancialInstruments 2023-10-31 12244963 frs-core:ComputerEquipment 2023-10-31 12244963 frs-core:ComputerEquipment 2022-11-01 2023-10-31 12244963 frs-core:ComputerEquipment 2022-10-31 12244963 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 12244963 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 12244963 frs-core:ShareCapital 2023-10-31 12244963 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12244963 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12244963 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12244963 frs-bus:SmallEntities 2022-11-01 2023-10-31 12244963 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12244963 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12244963 frs-bus:Director1 2022-11-01 2023-10-31 12244963 frs-bus:Director2 2022-11-01 2023-10-31 12244963 frs-countries:EnglandWales 2022-11-01 2023-10-31 12244963 2021-10-31 12244963 2022-10-31 12244963 2021-11-01 2022-10-31 12244963 frs-core:CurrentFinancialInstruments 2022-10-31 12244963 frs-core:Non-currentFinancialInstruments 2022-10-31 12244963 frs-core:ShareCapital 2022-10-31 12244963 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12244963
Pragyaan Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12244963
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197,312 188,568
197,312 188,568
CURRENT ASSETS
Debtors 5 255 139
Cash at bank and in hand 6,701 5,376
6,956 5,515
Creditors: Amounts Falling Due Within One Year 6 (54,040 ) (54,611 )
NET CURRENT ASSETS (LIABILITIES) (47,084 ) (49,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 150,228 139,472
Creditors: Amounts Falling Due After More Than One Year 7 (112,717 ) (112,717 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,078 ) (5,516 )
NET ASSETS 30,433 21,239
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 30,333 21,139
SHAREHOLDERS' FUNDS 30,433 21,239
Page 1
Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Diviesh Joshi
Director
24/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pragyaan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12244963 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
2023 2022
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 November 2022 188,568 - 188,568
Additions - 699 699
Revaluation 8,220 - 8,220
As at 31 October 2023 196,788 699 197,487
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2022 - - -
Provided during the period - 175 175
As at 31 October 2023 - 175 175
Net Book Value
As at 31 October 2023 196,788 524 197,312
As at 1 November 2022 188,568 - 188,568
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 155 39
Other debtors 100 100
255 139
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 10 581
Directors' loan accounts 54,030 54,030
54,040 54,611
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 112,717 112,717
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 23 years.
2023 2022
£ £
Bank loans and overdrafts 112,717 112,717
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4