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Registered number: 11140568
Arnik Investment Ltd
Strategic Report, Directors' Report and
Financial Statements
For the Period 1 February 2023 to 31 March 2024
Contents
Page
Company Information 1
Strategic Report 2
Directors' Report 3
Independent Auditor's Report 4—6
Profit and Loss Account 7
Statement of Comprehensive Income 8
Balance Sheet 9
Statement of Changes in Equity 10
Notes to the Financial Statements 11—16
Page 1
Company Information
Directors Mrs S Kaluti
Mr P Karadiguddi
Secretary Mr P Karadiguddi
Company Number 11140568
Registered Office Fraser House
56 Kingston Road
Staines-Upon-Thames
Middlesex
TW18 4NL
Auditors Pritchard Fellows & Co
Chartered Certified Accountants & Reg. Auditors
Avery House
8 Avery Hill Road
London
SE9 2BD
Page 1
Page 2
Strategic Report
The directors present their strategic report for the period ended 31 March 2024.
Review of the Business
The directors present their strategic report for the period ended 31 March 2024.
At Arnik Investments Limited, our aim is to build a resilient and high-value investment portfolio through strategic partnerships and long-term commitments. We focus on identifying and capitalizing on growth opportunities in real estate, business acquisitions, and financial assets while leveraging our strengths in strategic decision-making, risk management, and market foresight. Our goal is to drive sustainable financial growth while creating lasting value for our investors, partners, and communities.
The company's key financial and other performance indicators during the year as follows:
The key financial indicators for Arnik Investment Ltd. highlight impressive growth and stability. The company achieved a gross profit of £278,840 in 2024, and £189,631 recorded in 2023 which demonstrates consistent performance and profitability. After reviewing forecasts and cash levels, the business maintains sufficient funds for operational liquidity.
When assessing the financial health of a business with rental income, key performance indicators (KPIs) help to track profitability, liquidity, and overall performance such as Net Operating Income, Occupancy Rate, Return on Investment etc.
The Key Non-Financial Performance Indicators such as tenant reviews and continued occupancy are crucial for assessing the operational performance of a business with rental income, as they give insights into factors that affect long-term success and customer satisfaction.
Arnik Investments Limited remains committed to its vision of being a trusted leader in investment and asset management, recognized for our ability to identify emerging opportunities, foster long-term partnerships, and create wealth through strategic investments. By leveraging our expertise in market analysis, financial structuring, and sustainable business practices, Arnik Investments Limited aims to deliver superior returns and become a key player in the global investment landscape.
The company’s strength lies in its Strategic Partnerships which are due to Strong alliances with key players in real estate, finance, and business sectors and Long-Term Commitment on sustainable, high-yield investments that generate compounding value over time.
We have Market Expertise and in-depth understanding of property markets, financial instruments, and investment trends. We also have a Diversified Portfolio which displays a balanced mix of real estate, business acquisitions, and alternative investments to manage risk and optimize returns leading to Innovation & Agility due to our forward-thinking approach that embraces technological advancements, AI-driven investment strategies, and economic shifts.
The company has numerous opportunities for growth, including Expansion into Real Estate Holdings – Investing in high-growth markets with strong rental yield and capital appreciation potential. Acquiring Private Equity & Businesses by Partnering with scalable startups, mid-sized enterprises, and technology-driven businesses. Additionally, capitalizing on the demand for eco-friendly and socially responsible investment opportunities and expanding Internationally by exploring opportunities beyond the UK to diversify risk and increase global reach. Leveraging AI & Data Analytics by utilizing technology to enhance investment decisions and optimize asset management.
On behalf of the board
Mrs S Kaluti
Director
21/02/2025
Page 2
Page 3
Directors' Report
The directors present their report and the financial statements for the period ended 31 March 2024.
Principal Activity
The company's principal activity continued to be that of Other letting and operating of own or leased real estate.
Directors
The directors who held office during the period were as follows:
Mrs S Kaluti
Mr P Karadiguddi
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Independent Auditors
The auditors, Pritchard Fellows & Co, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mrs S Kaluti
Director
21/02/2025
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Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of Arnik Investment Ltd for the period ended 31 March 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit/(loss) for the period then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
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Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are United Kingdom Accounting Standards, UK Companies Act 2006 and tax legislation (governed by
HM Revenue and Customs).
Audit procedures performed by the engagement team included:
- Understanding the nature of the industry and sector;
- Understanding the management's internal controls designed to prevent and detect irregularities;
- Reviewing relevant meeting minutes;
- Testing transactions using substantive procedures;
- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.
Our audit testing might include testing complete populations of certain transactions and balances, possibly using data auditing techniques. However, it typically involves selecting a number of items for testing, rather than testing complete populations.
We will often seek to target particular items for testing based on their size or risk characteristics. In other cases, we will use audit sampling to enable us to draw a conclusion about the population from which the sample is selected.
There is inherent limitation in the audit procedures described above. The risk of detecting a material misstatement due to fraud is higher than the risk of not detecting one results from error, as fraud may involve deliberate concealment by, for
example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
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Page 6
Sunil Phakkey (Senior Statutory Auditor)
for and on behalf of Pritchard Fellows & Co , Statutory Auditor
21/02/2025
Pritchard Fellows & Co
Chartered Certified Accountants & Reg. Auditors
Avery House
8 Avery Hill Road
London
SE9 2BD
Page 6
Page 7
Profit and Loss Account
31 March 2024 31 January 2023
Notes £ £
TURNOVER 3 278,840 189,631
GROSS PROFIT 278,840 189,631
Distribution costs (2,838 ) (3,416 )
Administrative expenses (152,287 ) (156,632 )
Other operating income 20,475 -
OPERATING PROFIT 5 144,190 29,583
Other interest receivable and similar income 23,230 -
Interest payable and similar charges 8 (81,008 ) (17,509 )
PROFIT BEFORE TAXATION 86,412 12,074
Tax on Profit 9 (3,084 ) -
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD 83,328 12,074
The notes on pages 11 to 16 form part of these financial statements.
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Page 8
Statement of Comprehensive Income
31 March 2024 31 January 2023
£ £
PROFIT FOR THE FINANCIAL PERIOD 83,328 12,074
OTHER COMPREHENSIVE INCOME:
Further item of other comprehensive income 1 2,417 -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 85,745 12,074
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Page 9
Balance Sheet
Registered number: 11140568
31 March 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 10 3,855,051 4,587,913
3,855,051 4,587,913
CURRENT ASSETS
Debtors 11 3,409,882 2,967,456
Cash at bank and in hand 19,777 3,269
3,429,659 2,970,725
Creditors: Amounts Falling Due Within One Year 12 (6,807,681 ) (7,170,013 )
NET CURRENT ASSETS (LIABILITIES) (3,378,022 ) (4,199,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES 477,029 388,625
Creditors: Amounts Falling Due After More Than One Year 13 (405,050 ) (405,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 15 (3,084 ) -
NET ASSETS/(LIABILITIES) 68,895 (16,850 )
CAPITAL AND RESERVES
Called up share capital 16 1 1
Profit and Loss Account 68,894 (16,851 )
SHAREHOLDERS' FUNDS 68,895 (16,850)
On behalf of the board
Mrs S Kaluti
Director
21/02/2025
The notes on pages 11 to 16 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 1 (28,925 ) (28,924)
Profit for the year and total comprehensive income - 12,074 12,074
As at 31 January 2023 and 1 February 2023 1 (16,851 ) (16,850)
Profit for period - 83,328 83,328
Other comprehensive income (expense) type A - 2,417 2,417
Other comprehensive income for the period - 2,417 2,417
Total comprehensive income for the period - 85,745 85,745
As at 31 March 2024 1 68,894 68,895
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Notes to the Financial Statements
1. General Information
Arnik Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11140568 . The registered office is Fraser House, 56 Kingston Road, Staines-Upon-Thames, Middlesex, TW18 4NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Turnover
2024
2023
The Turnover for the Current year is
£
£
278,840
189,631
image
image
278,840
image
189,631
image
4. Other Operating Income
31 March 2024 31 January 2023
£ £
Other operating income 20,475 -
20,475 -
5. Operating Profit
The operating profit is stated after charging:
31 March 2024 31 January 2023
£ £
Depreciation of tangible fixed assets 57,422 65,625
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6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the period was as follows:
31 March 2024 31 January 2023
£ £
Audit Services
Audit of the company's financial statements 3,000 960
7. Average Number of Employees
Average number of employees, during the period was: NIL (2023: NIL)
- -
8. Interest Payable and Similar Charges
31 March 2024 31 January 2023
£ £
Late payment tax charges 56,275 -
Other finance charges 24,733 17,509
81,008 17,509
9. Tax on Profit
The tax charge on the profit for the period was as follows:
Tax Rate 31 March 2024 31 January 2023
31 March 2024 31 January 2023 £ £
Current tax
UK Corporation Tax 25.0% - - -
Deferred Tax
Deferred taxation 3,084 -
Total tax charge for the period 3,084 -
The actual charge for the period can be reconciled to the expected charge for the period based on the profit and the standard rate of corporation tax as follows:
31 March 2024 31 January 2023
£ £
Profit before tax 86,412 12,074
Tax on profit at 0% (UK standard rate) - -
Short term timing differences 3,084 -
Total tax charge for the period 3,084 -
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10. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 February 2023 4,391,037 350,001 4,741,038
Revaluation (675,440 ) - (675,440 )
As at 31 March 2024 3,715,597 350,001 4,065,598
Depreciation
As at 1 February 2023 - 153,125 153,125
Provided during the period - 57,422 57,422
As at 31 March 2024 - 210,547 210,547
Net Book Value
As at 31 March 2024 3,715,597 139,454 3,855,051
As at 1 February 2023 4,391,037 196,876 4,587,913
Revaluations during the year on Investment Property £675,440 includes the proportion of the property that is allocated to the director's via the Director's loan accounts, Intercompany and other adjustments.
11. Debtors
31 March 2024 31 January 2023
£ £
Due within one year
Other debtors 3,409,882 2,967,456
12. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2023
£ £
Bank loans and overdrafts 195 -
Other creditors 6,799,053 7,156,583
Corporation tax - 11,510
Accruals and deferred income 8,433 1,920
6,807,681 7,170,013
13. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 January 2023
£ £
Other creditors 405,050 405,475
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14. Loans
An analysis of the maturity of loans is given below:
31 March 2024 31 January 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 195 -
15. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2024 31 January 2023
£ £
Other timing differences 3,084 -
16. Share Capital
31 March 2024 31 January 2023
Allotted, called up but not fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
17. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Shilpa Kaluti 38,349 148,000 602,800 - 493,149
Mr Praveen Karadiguddi 81,879 16,000 600,396 - 358,517
The above loan is unsecured, interest free and repayable on demand.
18. Related Party Disclosures
Arnik Swan Court Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £227,500 (2023: £274,224) as on 31 March 2024.
NDA Investment Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £20,800 (2023: £16,600) as on 31 March 2024.
Sankby Investment Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £39,477 (2023: £48,977) as on 31 March 2024.
PNS Developments Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £12,500 (2023: £12,500) as on 31 March 2024.
PNS Investments and Holdings Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £2,238,508 (2023: £824,500) as on 31 March 2024.
Arnik Ltd is a related party by virtue of having the same directors and shareholders. The balance owed to this related party was £224,620 (2023: £213,600) as on 31 March 2024.
Scrumconnect Ltd is a related party by virtue of having the same directors and shareholders. The balance owed to this related party was £6,425,890 (2023: £6,813,000) as on 31 March 2024.
PNS High Wycombe Ltd is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was Nil (2023: £1,414,008) as on 31 March 2024.
SANSOAM LTD is a related party by virtue of having the same directors and shareholders. The balance owed by this related party was £85000 (2023: Nil) as on 31 March 2024.
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19. Controlling Parties
The immediate parent of the company and ultimate controlling party is Arnik Limited. The annual accounts for Arnik Limited are availabe from its registered office at Fraser House, 56 Kingston road, Stainesupon Thames, TW18 4NL.
The company's ultimate controlling party is Arnik Limited by virtue of their interest in the share capital of the company and
Arnik Limited is controlled by Mr Praveen Karadiguddi and Mrs Shilpa Kaluti.
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