Advait Minerals Limited 14335480 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of mining of other non-ferrous metal ores Digita Accounts Production Advanced 6.30.9574.0 true Mr Sesha Sai Sri Sampath Gorla false false true 14335480 2023-04-01 2024-03-31 14335480 2024-03-31 14335480 bus:OrdinaryShareClass1 2024-03-31 14335480 core:ShareCapital 2024-03-31 14335480 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14335480 bus:FRS102 2023-04-01 2024-03-31 14335480 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14335480 bus:FullAccounts 2023-04-01 2024-03-31 14335480 bus:RegisteredOffice 2023-04-01 2024-03-31 14335480 bus:Director1 2023-04-01 2024-03-31 14335480 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 14335480 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 14335480 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14335480 core:Subsidiary1 2023-04-01 2024-03-31 14335480 core:Subsidiary1 1 2023-04-01 2024-03-31 14335480 1 2023-04-01 2024-03-31 14335480 countries:EnglandWales 2023-04-01 2024-03-31 14335480 core:CostValuation 2023-03-31 14335480 2022-09-05 2023-03-31 14335480 2023-03-31 14335480 bus:OrdinaryShareClass1 2023-03-31 14335480 core:ShareCapital 2023-03-31 14335480 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 14335480 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-03-31 14335480 core:PreviouslyStatedAmount 2023-03-31 14335480 core:Subsidiary1 1 2022-09-05 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14335480

Advait Minerals Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Advait Minerals Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Advait Minerals Limited

(Registration number: 14335480)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

100

100

Current assets

 

Cash at bank and in hand

 

100

100

Creditors: Amounts falling due within one year

6

(100)

(100)

Net current assets/(liabilities)

 

-

-

Net assets

 

100

100

Capital and reserves

 

Called up share capital

7

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Sesha Sai Sri Sampath Gorla
Director

   
     
 

Advait Minerals Limited

Notes to the Unaudited 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:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the director on 18 November 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 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 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.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

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.

 

Advait Minerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

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.

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

3

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Advait Minerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 April 2023

100

Provision

Carrying amount

At 31 March 2024

100

At 31 March 2023

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Advait Metals Limited

Hygeia Building,
Rear Ground Floor,
66-68 College Road,
Harrow, HA1 1BE
United Kingdom,

Ordinary shares

100%

100%

5

Cash and cash equivalents

2024
£

2023
£

Cash on hand

100

100

100

100

 

Advait Minerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

2024
£

2023
£

Due within one year

Amount owed to group undertaking

100

100

100

100

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       

8

Ultimate controlling party

The ultimate controlling party is Mr Sesha Sai Sri Sampath Gorla.

 

Advait Minerals Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

Turnover (analysed below)

-

-

Operating profit/(loss)

-

-

Profit/(loss) before tax

-

-