Registration number:
Bhatia International Limited
for the Year Ended 30 June 2024
Bhatia International Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Bhatia International Limited
Company Information
Director |
K Radhakishen |
Company secretary |
B L Curtis |
Registered office |
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Accountants |
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Bhatia International Limited
(Registration number: 09962539)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
131 |
131 |
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Retained earnings |
(2,331) |
(1,566) |
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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:
• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Bhatia International Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
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.
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
Foreign currency transactions and balances
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
€ |
Cost or valuation |
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At 1 July 2023 |
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At 30 June 2024 |
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Provision |
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At 1 July 2023 |
- |
At 30 June 2024 |
- |
Carrying amount |
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At 30 June 2024 |
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At 30 June 2023 |
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Investments in subsidiaries is comprised of €3,100 (2023 - €3,100) of share capital and €703,200 (2023 - €703,200) of additional capital contributions.
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings |
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Other creditors |
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Bhatia International Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
€ |
No. |
€ |
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131 |
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131 |
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.
Parent and ultimate parent undertaking |
The company's immediate parent is