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Registration number: 11176185

LEVRARA CONSULTING GROUP LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

LEVRARA CONSULTING GROUP LTD

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 10

 

LEVRARA CONSULTING GROUP LTD

Company Information

Directors

Mr D Mehta

Mr P Spanswick

Mr D Bishop

Registered office

32 Threadneedle Street
London
EC2R 8AY

Accountants

Mawson Breskal & Co
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

LEVRARA CONSULTING GROUP LTD

(Registration number: 11176185)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,946

902

Investments

5

85,691

85,691

Other financial assets

6

187,954

130,199

 

275,591

216,792

Current assets

 

Debtors

7

255,369

260,583

Cash at bank and in hand

 

241,953

206,744

 

497,322

467,327

Creditors: Amounts falling due within one year

8.1

(136,447)

(205,893)

Net current assets

 

360,875

261,434

Total assets less current liabilities

 

636,466

478,226

Provisions for liabilities

(3,679)

(4,241)

Accruals and deferred income

 

(94,101)

(67,297)

Net assets

 

538,686

406,688

Capital and reserves

 

Called up share capital

9

97

100

Capital redemption reserve

3

-

Retained earnings

538,586

406,588

Shareholders' funds

 

538,686

406,688

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

LEVRARA CONSULTING GROUP LTD

(Registration number: 11176185)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mr D Mehta
Director

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Threadneedle Street
London
EC2R 8AY

These financial statements were authorised for issue by the Board on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.
Grants that are received in respect of expenses or losses already incurred by the entity are recognised in the profit and loss account when the grant becomes receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including any directors) during the year, was 10 (2023 - 11).

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,309

2,309

Additions

1,693

1,693

At 31 March 2024

4,002

4,002

Depreciation

At 1 April 2023

1,407

1,407

Charge for the year

649

649

At 31 March 2024

2,056

2,056

Carrying amount

At 31 March 2024

1,946

1,946

At 31 March 2023

902

902

5

Investments

Total
£

Cost or valuation

At 1 April 2023

85,691

Provision

Carrying amount

At 31 March 2024

85,691

At 31 March 2023

85,691

2024
£

2023
£

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Levrara Consulting India (Private) Ltd

India

Ordinary shares

88%

90%

Subsidiary undertakings

Levrara Consulting India (Private) Ltd

The principal activity of Levrara Consulting India (Private) Ltd is Consulting.

Other investments

The market value of the listed investments at 31 March 2024 was £187,954 (2023 - £130,199).

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

130,199

130,199

Additions

116,033

116,033

Disposals

(58,278)

(58,278)

At 31 March 2024

187,954

187,954

Impairment

Carrying amount

At 31 March 2024

187,954

187,954

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Creditors

Creditors: amounts falling due within one year

Creditors include directors loans of £175 (2023 £89,522). These are interest free and repayable on demand.

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

10,000

100

10,000

100

       

10

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £2.00) per ordinary share

-

20,000

 

 

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £19,200 (2023 - £67,500).

12

Related party transactions

 

LEVRARA CONSULTING GROUP LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

43,334

44,000