Registered number
13735601
DRASHTIKON LTD
Filleted Accounts
30 November 2023
DRASHTIKON LTD
Registered number: 13735601
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,119,367 1,920,696
Current assets
Debtors 4 700 700
Cash at bank and in hand 466,226 126,372
466,926 127,072
Creditors: amounts falling due within one year 5 (54,346) (26,491)
Net current assets 412,580 100,581
Total assets less current liabilities 2,531,947 2,021,277
Creditors: amounts falling due after more than one year 6 (2,425,000) (2,000,000)
Net assets 106,947 21,277
Capital and reserves
Called up share capital 100 100
Profit and loss account 106,847 21,177
Shareholders' funds 106,947 21,277
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Niketkumar Dipakkumar shah
Director
Approved by the board on 29 November 2024
DRASHTIKON LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 1,919,960 920 1,920,880
Additions 198,855 - 198,855
At 30 November 2023 2,118,815 920 2,119,735
Depreciation
At 1 December 2022 - 184 184
Charge for the year - 184 184
At 30 November 2023 - 368 368
Net book value
At 30 November 2023 2,118,815 552 2,119,367
At 30 November 2022 1,919,960 736 1,920,696
4 Debtors 2023 2022
£ £
Other debtors 700 700
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 32,680 7,345
Other creditors 21,666 19,146
54,346 26,491
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,425,000 2,000,000
7 Other information
DRASHTIKON LTD is a private company limited by shares and incorporated in England. Its registered office is:
18 Pleasant Rise
Hatfield
Hertfordshire
AL9 5DS
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