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Company registration number: 11766717
Priya Leisure International Private Limited
Unaudited filleted financial statements
31 March 2024
Priya Leisure International Private Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Priya Leisure International Private Limited
Directors and other information
Directors Mr Prakash Bakrania (Resigned 7 December 2023)
Mr Kamal Gianchandani (Resigned 2 August 2023)
Mr Vivek Kumar (Appointed 7 December 2023)
Mr Ajay Kumar Kalra (Appointed 3 August 2023)
Company number 11766717
Registered office Amba House, 4th Floor, Kings Suite,
15 College Road
Harrow
Middlesex
HA1 1BA
Accountants Nagle James Associates Limited
Amba House, 4th Floor, Kings Suite,
15 College Road
Harrow
Middlesex
HA1 1BA
Priya Leisure International Private Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 7,363 28,974
Cash at bank and in hand 26,507 12,907
_______ _______
33,870 41,881
Creditors: amounts falling due
within one year 6 ( 38,553) ( 37,534)
_______ _______
Net current (liabilities)/assets ( 4,683) 4,347
_______ _______
Total assets less current liabilities ( 4,683) 4,347
_______ _______
Net (liabilities)/assets ( 4,683) 4,347
_______ _______
Capital and reserves
Called up share capital 31,108 31,108
Profit and loss account ( 35,791) ( 26,761)
_______ _______
Shareholders (deficit)/funds ( 4,683) 4,347
_______ _______
For the year 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 year 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr Vivek Kumar
Director
Company registration number: 11766717
Priya Leisure International Private Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 31,108 ( 13,349) 17,759
Loss for the year ( 13,412) ( 13,412)
_______ _______ _______
Total comprehensive income for the year - ( 13,412) ( 13,412)
_______ _______ _______
At 31 March 2023 and 1 April 2023 31,108 ( 26,761) 4,347
Loss for the year ( 9,030) ( 9,030)
_______ _______ _______
Total comprehensive income for the year - ( 9,030) ( 9,030)
_______ _______ _______
At 31 March 2024 31,108 ( 35,791) ( 4,683)
_______ _______ _______
Priya Leisure International Private Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Nagle James Associates Limited, Amba House, 4th Floor, Kings Suite,, 15 College Road, Harrow, Middlesex, HA1 1BA.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1).
5. Debtors
2024 2023
£ £
Trade debtors 7,363 7,363
Prepayments and accrued income - 394
Other debtors - 21,217
_______ _______
7,363 28,974
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Other loans - Cinestar Limited 30,000 30,000
Accruals and deferred income 6,856 3,000
Social security and other taxes 1,217 34
Director loan accounts 480 4,500
_______ _______
38,553 37,534
_______ _______
Other loan is interest free, unsecured and repayable on demand.
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Prakash Bakrania ( 4,500) 4,020 ( 480)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Prakash Bakrania - ( 4,500) ( 4,500)
_______ _______ _______
8. Related party transactions
The company's ultimate parent undertaking at the balance sheet date was Priya Exhibitors Private Limited registered in India. Consolidated group financial statements of Priya Exhibitors Private Limited are available from the company's registered office address at 61, Basant Lok, Vasant Vihar, New Delhi, India - 110057.