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REGISTERED NUMBER: 06450185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

SHREE SIDDHIVINAYAKA ASSET LTD

SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHREE SIDDHIVINAYAKA ASSET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr H C Patel





SECRETARY: Mrs D H Patel





REGISTERED OFFICE: 463 Woodham Lane
Woodham
Addlestone
Surrey
KT15 3QQ





REGISTERED NUMBER: 06450185 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 16,584 21,442
16,584 21,442

CURRENT ASSETS
Debtors 6,144 11,409
Cash at bank 49,374 27,814
55,518 39,223
CREDITORS
Amounts falling due within one year 5,816 4,988
NET CURRENT ASSETS 49,702 34,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,286

55,677

CREDITORS
Amounts falling due after more than one
year

74,278

72,688
NET LIABILITIES (7,992 ) (17,011 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (8,092 ) (17,111 )
SHAREHOLDERS' FUNDS (7,992 ) (17,011 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 September 2024 and were signed by:





Mr H C Patel - Director


SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

SHREE SIDDHIVINAYAKA ASSET LTD 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Leasehold improvements - over the shorter of the remaining term of the lease or the expected useful life

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 28,200
AMORTISATION
At 1 January 2023
and 31 December 2023 28,200
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 111,415
DEPRECIATION
At 1 January 2023 89,973
Charge for year 4,858
At 31 December 2023 94,831
NET BOOK VALUE
At 31 December 2023 16,584
At 31 December 2022 21,442

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
98 Ordinary C £1 98 98
100 100

SHREE SIDDHIVINAYAKA ASSET LTD (REGISTERED NUMBER: 06450185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr H C Patel
Balance outstanding at start of year 5,350 2,310
Amounts advanced - 6,958
Amounts repaid (1,169 ) (3,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,181 5,350