The following reproduces text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited financial statements set out on pages 2 to 3 have been extracted.
"In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Akshar Nivas Limited for the year ended 28 February 2024 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html.
Our work has been undertaken solely to prepare for your approval the financial statements of Akshar Nivas Limited and state those matters that we have agreed to state to the Board of Directors of Akshar Nivas Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Akshar Nivas Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Akshar Nivas Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Akshar Nivas Limited. You consider that Akshar Nivas Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Akshar Nivas Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Bank Loans of £1,498,188(2023: £1,498,188) are secured on each related property.
The average number of persons, including director, employed by the company during the year was as follows:
Akshar Nivas Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37 Carlton Avenue, Harrow, Middlesex, HA3 8AX.
The director of the company has taken advantage under section 444 of the Companies Act 2006 to not deliver the director's report and the profit and loss account within the financial statements.