0 02/02/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-02 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14634633 2023-02-02 2024-03-31 14634633 2024-03-31 14634633 2023-02-01 14634633 bus:OrdinaryShareClass1 2023-02-02 2024-03-31 14634633 bus:Director1 2023-02-02 2024-03-31 14634633 core:WithinOneYear 2024-03-31 14634633 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 14634633 core:AfterOneYear 2024-03-31 14634633 core:ShareCapital 2024-03-31 14634633 core:RetainedEarningsAccumulatedLosses 2024-03-31 14634633 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 14634633 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-02 2024-03-31 14634633 bus:SmallEntities 2023-02-02 2024-03-31 14634633 bus:AuditExempt-NoAccountantsReport 2023-02-02 2024-03-31 14634633 bus:SmallCompaniesRegimeForAccounts 2023-02-02 2024-03-31 14634633 bus:PrivateLimitedCompanyLtd 2023-02-02 2024-03-31 14634633 bus:FullAccounts 2023-02-02 2024-03-31
Company registration number: 14634633
Vansh Investments Ltd
Unaudited filleted financial statements
31 March 2024
Vansh Investments Ltd
Contents
Balance sheet
Notes to the financial statements
Vansh Investments Ltd
Balance sheet
31 March 2024
31/03/24
Note £ £
Fixed assets
Tangible assets 4 169,634
_______
169,634
Current assets
Cash at bank and in hand 3,528
_______
3,528
Creditors: amounts falling due
within one year 5 ( 59,595)
_______
Net current liabilities ( 56,067)
_______
Total assets less current liabilities 113,567
Creditors: amounts falling due
after more than one year 6 ( 116,512)
_______
Net liabilities ( 2,945)
_______
Capital and reserves
Called up share capital 7 100
Profit and loss account ( 3,045)
_______
Shareholders deficit ( 2,945)
_______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 September 2024 , and are signed on behalf of the board by:
Mr Manjunath Raghavelu
Director
Company registration number: 14634633
Vansh Investments Ltd
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments applying to the company are basic as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property Total
£ £
Cost
At 2 February 2023 - -
Additions 169,634 169,634
_______ _______
At 31 March 2024 169,634 169,634
_______ _______
Depreciation
At 2 February 2023 and 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 169,634 169,634
_______ _______
5. Creditors: amounts falling due within one year
31/03/24
£
Bank loans and overdrafts 7,095
Accruals and deferred income 600
Director loan accounts 51,900
_______
59,595
_______
6. Creditors: amounts falling due after more than one year
31/03/24
£
Bank loans and overdrafts 116,512
_______
7. Called up share capital
Issued, called up and fully paid
31/03/24
No £
Ordinary A Shares shares of £ 1.00 each 100 100
_______ _______