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Registered number: 13583998
Lakshmy UK Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley
Northwick Road
Mark
Somerset
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13583998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 650,023 101,535
Investment Properties 5 1,122,194 1,122,194
1,772,217 1,223,729
CURRENT ASSETS
Debtors 6 9,700 -
Cash at bank and in hand 100,661 59,843
110,361 59,843
Creditors: Amounts Falling Due Within One Year 7 - (13,297 )
NET CURRENT ASSETS (LIABILITIES) 110,361 46,546
TOTAL ASSETS LESS CURRENT LIABILITIES 1,882,578 1,270,275
Creditors: Amounts Falling Due After More Than One Year 8 (1,963,342 ) (1,326,814 )
NET LIABILITIES (80,764 ) (56,539 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (80,864 ) (56,639 )
SHAREHOLDERS' FUNDS (80,764) (56,539)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Interadvice Directorate Anstalt
Director
14 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lakshmy UK Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13583998 . The registered office is Kimberley, Northwick Road, Mark, Somerset, TA9 4PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 30 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 103,977
Additions 551,954
As at 31 August 2024 655,931
Depreciation
As at 1 September 2023 2,442
Provided during the period 3,466
As at 31 August 2024 5,908
Net Book Value
As at 31 August 2024 650,023
As at 1 September 2023 101,535
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Page 4
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 1,122,194
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,700 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income - 13,297
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Minicom Enterprises 1,963,342 1,326,814
Interest is accrued on this loan at the following rates per calender year:
2022 - 2.75%
2023 - 4.75%
2024 - 5.25%
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Minicom Enterprises Ltd by virtue of the ownership of 100% of the issued share capital in the company.
Page 4