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Registered Number: 14510280
England and Wales

 

 

 

ASHRAM VENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 28 November 2022

End date: 31 March 2024
 
 
Notes
 
2024
£
Fixed assets    
Intangible fixed assets 3 1,333 
Tangible fixed assets 4 737 
2,070 
Current assets    
Debtors 5 44,641 
Cash at bank and in hand 11,065 
55,706 
Creditors: amount falling due within one year 6 (57,639)
Net current assets (1,933)
 
Total assets less current liabilities 137 
Net assets 137 
 

Capital and reserves
   
Called up share capital 7 1 
Profit and loss account 136 
Shareholders' funds 137 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 August 2024 and were signed by:


-------------------------------
Milan Samani
Director
1
General Information
Ashram Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 14510280, registration address 21 High View, Pinner, HA5 3NZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 basis
The director believes that the company is experiencing good levels of fees in the subsequent financial period and is in the process of bringing in investments. Accordingly, there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the financial statements are prepared on a going concern basis.
Turnover
Turnover comprises services supplied by the company, net of Value Added Tax.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 3 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 33.33% Straight Line Basis
2.

Average number of employees

Average number of employees during the period was 1.
3.

Intangible fixed assets

Cost Other intangible assets   Total
  £   £
At 28 November 2022  
Additions 2,000    2,000 
Disposals  
At 31 March 2024 2,000    2,000 
Amortisation
At 28 November 2022  
Charge for period 667    667 
On disposals  
At 31 March 2024 667    667 
Net book values
At 31 March 2024 1,333    1,333 
At 27 November 2022  


4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 28 November 2022  
Additions 1,105    1,105 
Disposals  
At 31 March 2024 1,105    1,105 
Depreciation
At 28 November 2022  
Charge for period 368    368 
On disposals  
At 31 March 2024 368    368 
Net book values
Closing balance as at 31 March 2024 737    737 
Opening balance as at 28 November 2022  


5.

Debtors: amounts falling due within one year

2024
£
Other Debtors 44,641 
44,641 
Included in other debtors is a sum of £2,641 which was owed by the director to the company on which interest of £316 was paid by the director.  The loan was fully repaid to the company in August 2024.

6.

Creditors: amount falling due within one year

2024
£
Trade Creditors 10,125 
Taxation and Social Security 44,908 
Other Creditors 2,606 
57,639 

7.

Share Capital

Allotted, called up and fully paid
2024
£
1 Ordinary share of £1.00 each

2