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REGISTERED NUMBER: 12218002 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLABA LIMITED

COLABA LIMITED (REGISTERED NUMBER: 12218002)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLABA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Rahul Khanna
Kabir Suri





REGISTERED OFFICE: The Courtyard
14a Sydenham Road
Croydon
CR0 2EE





REGISTERED NUMBER: 12218002 (England and Wales)





AUDITORS: Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ

COLABA LIMITED (REGISTERED NUMBER: 12218002)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,149 23,417

CURRENT ASSETS
Debtors 5 1,177,423 1,089,889
Investments 6 3,100,000 3,100,000
Cash at bank 597 482
4,278,020 4,190,371
CREDITORS
Amounts falling due within one year 7 1,280,621 1,267,783
NET CURRENT ASSETS 2,997,399 2,922,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,017,548

2,946,005

CREDITORS
Amounts falling due after more than one year 8 2,124,828 2,044,791
NET ASSETS 892,720 901,214

CAPITAL AND RESERVES
Called up share capital 9 200,001 200,001
Share premium 10 632,000 632,000
Capital redemption reserve 10 10,000 10,000
Retained earnings 10 50,719 59,213
SHAREHOLDERS' FUNDS 892,720 901,214

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 14 March 2025 and were signed on its behalf by:




Rahul Khanna - Director



Kabir Suri - Director


COLABA LIMITED (REGISTERED NUMBER: 12218002)

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


1. STATUTORY INFORMATION

Colaba 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

COLABA LIMITED (REGISTERED NUMBER: 12218002)

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


4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 April 2023
and 31 March 2024 32,684
DEPRECIATION
At 1 April 2023 9,267
Charge for year 3,268
At 31 March 2024 12,535
NET BOOK VALUE
At 31 March 2024 20,149
At 31 March 2023 23,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,665 -
Amounts owed by group undertakings 1,162,673 1,089,660
Other debtors 85 229
1,177,423 1,089,889

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 3,100,000 3,100,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,368 6,297
Amounts owed to group undertakings 1,260,786 1,259,136
Taxation and social security 5,209 -
Other creditors 8,258 2,350
1,280,621 1,267,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,124,828 2,044,791

COLABA LIMITED (REGISTERED NUMBER: 12218002)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200,001 Ordinary 1 200,001 200,001

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 59,213 632,000 10,000 701,213
Deficit for the year (8,494 ) (8,494 )
At 31 March 2024 50,719 632,000 10,000 692,719

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok Mukundlal Shah FCCA (Senior Statutory Auditor)
for and on behalf of Ashfords Partnership LLP