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Registered number: 11660077
Shakthi Investments UK Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Esteem Financial Solutions Ltd
Unit 5
111 The Greenway
Colindale
London
NW9 5AR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11660077
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 33,240 28,240
Tangible Assets 5 1,009,433 972,165
1,042,673 1,000,405
CURRENT ASSETS
Debtors 6 7,000 -
Cash at bank and in hand 65,680 166,071
72,680 166,071
Creditors: Amounts Falling Due Within One Year 7 (4,256 ) (8,446 )
NET CURRENT ASSETS (LIABILITIES) 68,424 157,625
TOTAL ASSETS LESS CURRENT LIABILITIES 1,111,097 1,158,030
Creditors: Amounts Falling Due After More Than One Year 8 (1,043,921 ) (1,115,469 )
NET ASSETS 67,176 42,561
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 67,076 42,461
SHAREHOLDERS' FUNDS 67,176 42,561
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 Nimalraj Sivasubramaniam
Director
Mr Sivanujan Vejayakumar
Director
22/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shakthi Investments UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11660077 . The registered office is 6 Ashcroft Drive, Denham, Uxbridge, UB9 5JF.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Freehold 0%
Motor Vehicles 25% Straight Lne
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 November 2022 28,240
Additions 5,000
As at 31 October 2023 33,240
Net Book Value
As at 31 October 2023 33,240
As at 1 November 2022 28,240
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 972,165 - 972,165
Additions - 38,888 38,888
As at 31 October 2023 972,165 38,888 1,011,053
Depreciation
As at 1 November 2022 - - -
Provided during the period - 1,620 1,620
As at 31 October 2023 - 1,620 1,620
Net Book Value
As at 31 October 2023 972,165 37,268 1,009,433
As at 1 November 2022 972,165 - 972,165
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 7,000 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts (256 ) -
Corporation tax 4,512 6,262
Accruals and deferred income - 2,184
4,256 8,446
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 28,452 -
Bank loans 761,251 761,251
Government grants after one year 24,676 34,676
Directors loan account 222,831 192,831
Amounts owed to other participating interests 6,711 6,711
Payments on account - 120,000
1,043,921 1,115,469
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 28,452 -
Less: Finance charges allocated to future periods 256 -
28,196 -
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5