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REGISTERED NUMBER: 13762588 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AAVISHKAAR CAPITAL LIMITED

AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AAVISHKAAR CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr H Shah
Mrs N H Shah





REGISTERED OFFICE: 211 High Road
Chigwell
Essex
IG7 5BJ





REGISTERED NUMBER: 13762588 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
40 High Street
Northwood
Middlesex
HA6 1BN

AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,288 50,694
Investment property 5 901,554 239,971
945,842 290,665

CURRENT ASSETS
Debtors 6 19,782 140,621
Investments 7 45,438 -
Cash at bank and in hand 228,163 350,590
293,383 491,211
CREDITORS
Amounts falling due within one year 8 1,093,418 668,463
NET CURRENT LIABILITIES (800,035 ) (177,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,807

113,413

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 145,707 113,313
SHAREHOLDERS' FUNDS 145,807 113,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





Dr H Shah - Director


AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Aavishkaar Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors/ creditors less than one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 1,210 56,090 57,300
Additions 1,410 - 1,410
At 31 March 2024 2,620 56,090 58,710
DEPRECIATION
At 1 April 2023 140 6,466 6,606
Charge for year 372 7,444 7,816
At 31 March 2024 512 13,910 14,422
NET BOOK VALUE
At 31 March 2024 2,108 42,180 44,288
At 31 March 2023 1,070 49,624 50,694

AAVISHKAAR CAPITAL LIMITED (REGISTERED NUMBER: 13762588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 239,971
Additions 661,583
At 31 March 2024 901,554
NET BOOK VALUE
At 31 March 2024 901,554
At 31 March 2023 239,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,882 15,854
Other debtors 900 124,767
19,782 140,621

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 45,438 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) 1
Tax 20,044 15,286
Directors' current accounts 1,070,875 650,548
Accruals and deferred income 2,500 2,628
1,093,418 668,463

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100