Acorah Software Products - Accounts Production 15.0.600 false true true false 14 July 2023 31 March 2024 31 March 2024 15002829 Dr A Jain Dr N Jain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15002829 2023-07-13 15002829 2024-03-31 15002829 2023-07-14 2024-03-31 15002829 frs-core:ShareCapital 2024-03-31 15002829 frs-bus:PrivateLimitedCompanyLtd 2023-07-14 2024-03-31 15002829 frs-bus:FilletedAccounts 2023-07-14 2024-03-31 15002829 frs-bus:SmallEntities 2023-07-14 2024-03-31 15002829 frs-bus:AuditExempt-NoAccountantsReport 2023-07-14 2024-03-31 15002829 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-14 2024-03-31 15002829 frs-core:UnlistedNon-exchangeTraded 2024-03-31 15002829 frs-core:UnlistedNon-exchangeTraded 2023-07-13 15002829 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-13 15002829 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 15002829 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 15002829 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-13 15002829 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 15002829 frs-bus:Director1 2023-07-14 2024-03-31 15002829 frs-bus:Director2 2023-07-14 2024-03-31 15002829 frs-countries:EnglandWales 2023-07-14 2024-03-31
Registered number: 15002829
A&N Jain Holdings Ltd
Unaudited Financial Statements
For the Period 14 July 2023 to 31 March 2024
Strategic Partnership
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 15002829
31 March 2024
Notes £ £
FIXED ASSETS
Investments 4 200
200
Creditors: Amounts Falling Due Within One Year 5 (100 )
NET CURRENT ASSETS (LIABILITIES) (100 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100
NET ASSETS 100
CAPITAL AND RESERVES
Called up share capital 6 100
SHAREHOLDERS' FUNDS 100
For the period ending 31 March 2024 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 Income Statement.
On behalf of the board
Dr A Jain
Director
23 August 2024
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
A&N Jain Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15002829 . The registered office is 4 Augustus Close, Stanmore, Middlesex, HA7 4PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These financial statements for the period 14 July 2023 to 31 March 2024 are the first financial statements of A&N Jain Holdings Ltd prepared in
accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 14 July 2023.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.5. Taxation
Taxation for the period comprises current 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 statement of financial position date.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.7. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions
about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are
described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investments
Unlisted
£
Cost
As at 14 July 2023 -
Additions 200
As at 31 March 2024 200
Provision
As at 14 July 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 200
As at 14 July 2023 -
5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 100
6. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
During the period, the company issued 35 Ordinary Shares, 35 Ordinary A Shares, 10 Ordinary B Shares, and 20 Ordinary C Shares for the nominal value of £1 per share. As at 31 March 2024 there are 35 Ordinary Shares, 35 Ordinary A Shares, 10 Ordinary B Shares, and 20 Ordinary C Shares in issue.
7. Related Party Transactions
As at the period end, Ikigai Dental Limited, a fully owned direct subsidiary, owed the company £100. This amount is a current asset, interest free and repayable on demand.
As at the period end, Luminous Private Limited, a fully owned direct subsidiary, owed the company £100. This amount is a current asset, interest free and repayable on demand.
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