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Registration number: 09962539

Bhatia International Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Bhatia International Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bhatia International Limited

Company Information

Director

K Radhakishen

Company secretary

B L Curtis

Registered office

Unit 12
Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

Accountants

Fuller & Roper Limited Unit 12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

 

Bhatia International Limited

(Registration number: 09962539)
Balance Sheet as at 30 June 2024

Note

2024

2023

Fixed assets

 

Investments

4

706,300

706,300

Current assets

 

Cash at bank and in hand

 

-

765

Creditors: Amounts falling due within one year

5

(708,500)

(708,500)

Net current liabilities

 

(708,500)

(707,735)

Net liabilities

 

(2,200)

(1,435)

Capital and reserves

 

Called up share capital

6

131

131

Retained earnings

(2,331)

(1,566)

Shareholders' deficit

 

(2,200)

(1,435)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2025
 

.........................................
K Radhakishen
Director

 

Bhatia International Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

Bhatia International Limited is a private company, limited by shares, registered in England and Wales. The company’s registration number is 09962539. The registered office and principal place of business is 12 Old Mills Industrial Estate, Paulton, Bristol BS39 7SU.

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 financial statements are presented in Euros which is the functional currency of the company and rounded to the nearest €1.

Group accounts not prepared

The financial statements contain information about Bhatia International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

 

Bhatia International Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

3

Staff numbers

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

4

Investments

2024

2023

Investments in subsidiaries

706,300

706,300

Subsidiaries

Cost or valuation

At 1 July 2023

706,300

At 30 June 2024

706,300

Provision

At 1 July 2023

-

At 30 June 2024

-

Carrying amount

At 30 June 2024

706,300

At 30 June 2023

706,300

Investments in subsidiaries is comprised of €3,100 (2023 - €3,100) of share capital and €703,200 (2023 - €703,200) of additional capital contributions.

5

Creditors

Creditors: amounts falling due within one year

Note

2024

2023

Due within one year

 

Amounts owed to group undertakings

7

298,600

298,600

Other creditors

 

409,900

409,900

 

708,500

708,500

 

Bhatia International Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

No.

Ordinary shares of £1 each

100

131

100

131

       

7

Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 33.1A as a qualifying entity from disclosing related party transactions entered into between two or members of a group, provided that any subsidiary which is a party to the transaction is a wholly owned member of that group.

Included within other creditors is a loan from the director of €354,900 (2023 - €354,900).

Also included within other creditors is a loan of €55,000 (2023 - €55,000), from a close family member of the director of the company.

8

Parent and ultimate parent undertaking

The company's immediate parent is Bhatia Limited, incorporated in Gibraltar.