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No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
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13624503
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13624503
2024-03-31
13624503
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13624503
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2023-03-31
13624503
2023-03-31
13624503
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13624503
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13624503
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13624503
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13624503
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13624503
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13624503
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2023-03-31
13624503
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2024-03-31
13624503
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13624503
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13624503
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13624503
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13624503
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13624503
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13624503
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2024-03-31
Company registration number:
13624503
NAVITAS LIFE SCIENCES SERVICES LIMITED
Unaudited filleted financial statements
31 March 2024
NAVITAS LIFE SCIENCES SERVICES LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
NAVITAS LIFE SCIENCES SERVICES LIMITED
Directors and other information
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Directors |
Srinivasan Ramani Harikesanallur |
|
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Camilo Horvilleur |
|
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|
Tran King |
|
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|
Lalit Mahapatra |
(Resigned 30 September 2024) |
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Scott Zhu |
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Company number |
13624503 |
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Registered office |
Pure Offices, Office 58 1 Port Way |
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Port Solent |
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Portsmouth |
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PO6 4TY |
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Accountants |
Nagle James Associates Ltd |
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Amba House, 4th Floor |
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15 College Road |
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Harrow. |
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HA1 1BA |
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NAVITAS LIFE SCIENCES SERVICES LIMITED
Statement of financial position
31 March 2024
|
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31/03/24 |
|
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31/03/23 |
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Note |
£ |
|
£ |
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£ |
|
£ |
|
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|
|
|
|
|
|
Current assets |
|
|
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|
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|
|
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Debtors |
|
5 |
100 |
|
|
|
1,146 |
|
|
Cash at bank and in hand |
|
|
1,980 |
|
|
|
320 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,080 |
|
|
|
1,466 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
- |
|
|
|
(
18,026) |
|
|
|
|
|
_______ |
|
|
|
_______ |
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Net current assets/(liabilities) |
|
|
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|
2,080 |
|
|
|
(
16,560) |
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|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
2,080 |
|
|
|
(
16,560) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets/(liabilities) |
|
|
|
|
2,080 |
|
|
|
(
16,560) |
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|
|
|
|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
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1,980 |
|
|
|
(
16,660) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds/(deficit) |
|
|
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|
2,080 |
|
|
|
(
16,560) |
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|
|
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|
_______ |
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_______ |
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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
23 December 2024
, and are signed on behalf of the board by:
Srinivasan Ramani Harikesanallur
Director
Company registration number:
13624503
NAVITAS LIFE SCIENCES SERVICES LIMITED
Statement of changes in equity
Year ended 31 March 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
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|
|
|
|
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£ |
|
£ |
£ |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
At 1 April 2022 |
|
100 |
|
(
8,336) |
(
8,236) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) for the year |
|
|
|
(
8,324) |
(
8,324) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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|
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|
Total comprehensive income for the year |
|
- |
|
(
8,324) |
(
8,324) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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At 31 March 2023 and 1 April 2023 |
|
100 |
|
(
16,660) |
(
16,560) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Profit/(loss) for the year |
|
|
|
18,640 |
18,640 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
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Total comprehensive income for the year |
|
- |
|
18,640 |
18,640 |
|
|
|
|
|
|
|
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|
|
|
|
|
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|
_______ |
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_______ |
_______ |
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At 31 March 2024 |
|
100 |
|
1,980 |
2,080 |
|
|
|
|
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_______ |
|
_______ |
_______ |
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NAVITAS LIFE SCIENCES SERVICES 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 Pure Offices, Office 58 1 Port Way, Port Solent, Portsmouth, PO6 4TY.
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 Nil (2023: Nil).
5.
Debtors
|
|
|
31/03/24 |
31/03/23 |
|
|
|
£ |
£ |
|
Other debtors |
|
100 |
1,146 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
31/03/24 |
31/03/23 |
|
|
|
£ |
£ |
|
Other creditors |
|
- |
18,026 |
|
|
|
_______ |
_______ |
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7.
Controlling party
The company's immediate parent is Navitas LS SG Pte Ltd, a company incorporated in Singapore. The smallest group which consolidates the results of the company is Navitas Parent Corporation The financial statements of this intermediate holding company are not publicly available. The ultimate parent company and controlling entity as at 31 March 2024 was Navitas Parent, LP. Consequently, the parent undertaking of the group that includes the Company and for which group financial statements are prepared is Navitas Parent Corporation. Navitas Parent Corporation is incorporated in the State of Delaware, USA at the registered address 1450 Brickell Avenue, 31st Floor Miami, FL33131. Consolidated group financial statements of Navitas Parent Corporation for the year are available from the company's registered address at 1450 Brickell Avenue, 31st Floor Miami, FL33131 and are not publicly available.