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ASHLA PVT LIMITED

REPORT OF THE DIRECTOR AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE PERIOD

12 JANUARY 2023 TO 31 MARCH 2024






ASHLA PVT LIMITED (REGISTERED NUMBER: 14589096)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 12 January 2023 to 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASHLA PVT LIMITED

COMPANY INFORMATION
for the period 12 January 2023 to 31 March 2024







DIRECTOR: S Karim





REGISTERED OFFICE: Premier Suite
4 Churchill Court
58 Station Road
North Harrow
HA2 7ST





REGISTERED NUMBER: 14589096 (England and Wales)





ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST

ASHLA PVT LIMITED (REGISTERED NUMBER: 14589096)

STATEMENT OF FINANCIAL POSITION
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 1,242
Tangible assets 5 2,674,454
2,675,696

CURRENT ASSETS
Debtors 6 157,071
Cash at bank 15,286
172,357
CREDITORS
Amounts falling due within one year 7 153,421
NET CURRENT ASSETS 18,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,694,632

CAPITAL AND RESERVES
Called up share capital 8 2,700,000
Retained earnings (5,368 )
SHAREHOLDERS' FUNDS 2,694,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:



S Karim - Director


ASHLA PVT LIMITED (REGISTERED NUMBER: 14589096)

NOTES TO THE FINANCIAL STATEMENTS
for the period 12 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

Ashla Pvt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Taxation
Taxation for the period comprises current and deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

ASHLA PVT LIMITED (REGISTERED NUMBER: 14589096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 12 January 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
Additions 1,380
At 31 March 2024 1,380
Amortisation
Charge for period 138
At 31 March 2024 138
Net book value
At 31 March 2024 1,242

Patents are amortised over the expect useful life of ten years.

5. TANGIBLE FIXED ASSETS
Long
leasehold
£   
Cost
Additions 2,674,454
At 31 March 2024 2,674,454
Net book value
At 31 March 2024 2,674,454

The long leasehold property has not been depreciated as, in the opinion of the director, by doing so would render the financial statements not reflecting the true value of the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 157,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 145,263
Social security and other taxes 229
Other creditors 3,000
Employee salaries 1,374
Accrued expenses 3,555
153,421

ASHLA PVT LIMITED (REGISTERED NUMBER: 14589096)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 12 January 2023 to 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2,700,000 Ordinary £1 2,700,000

2,700,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party of the company is Ashla Industries Private Limited, registered in India under registration number U17299WB2022PTC257727, having its registered office at Mollaber, JL No 22, Dankuni, Janai Durgapur Expressway, Hooghly, West Bengal, India, 712310.