Registered number
06799259
Mohit Limited
Report and Accounts
30 September 2024
Mohit Limited
Registered number: 06799259
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 557,403 557,403
Current assets
Debtors 4 8,368 14,000
Cash at bank and in hand 53 53
8,421 14,053
Creditors: amounts falling due within one year 5 (1,220) (9,150)
Net current assets 7,201 4,903
Net assets 564,604 562,306
Capital and reserves
Called up share capital 552,000 552,000
Profit and loss account 12,604 10,306
Shareholders' funds 564,604 562,306
The director is 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 director acknowledges his 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.
Sunil Inani
Director
Approved by the board on 7 February 2025
Mohit Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 October 2023 557,403
At 30 September 2024 557,403
4 Debtors 2024 2023
£ £
Trade debtors 8,368 -
Other debtors - 14,000
8,368 14,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 539 430
Other creditors 681 8,720
1,220 9,150
6 Other information
Mohit Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sinckot House
211 Station Road
Harrow
HA1 2TP
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