Registered number
11177393
ADVAITA DOMUS LTD
Filleted Accounts
31 October 2024
ADVAITA DOMUS LTD
Registered number: 11177393
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 173 216
Investments 4 190,214 190,214
190,387 190,430
Current assets
Debtors 5 52,725 600
Cash at bank and in hand 22,260 62,875
74,985 63,475
Creditors: amounts falling due within one year 6 (66,005) (2,952)
Net current assets 8,980 60,523
Total assets less current liabilities 199,367 250,953
Creditors: amounts falling due after more than one year 7 - (61,509)
Net assets 199,367 189,444
Capital and reserves
Called up share capital 200 200
Profit and loss account 199,167 189,244
Shareholders' funds 199,367 189,444
The directors are 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 directors acknowledge their 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.
Dr Kiran Kamlakant Desai
Director
Approved by the board on 14 February 2025
ADVAITA DOMUS LTD
Notes to the Accounts
for the year ended 31 October 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery @ 20% Reducing Blance basis
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 423
At 31 October 2024 423
Depreciation
At 1 November 2023 207
Charge for the year 43
At 31 October 2024 250
Net book value
At 31 October 2024 173
At 31 October 2023 216
4 Investments
Properties
investments
£
Cost
At 1 November 2023 190,214
At 31 October 2024 190,214
5 Debtors 2024 2023
£ £
Trade debtors 600 600
Other debtors 52,125 -
52,725 600
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,660 4,480
Amounts owed to group undertakings and undertakings in which the company has a participating interest 54,522 (5,478)
Taxation and social security costs 2,571 1,445
Other creditors 4,252 2,505
66,005 2,952
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 61,509
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 51,391
Secured bank loans - 61,509
[The bank loans are covered by fixed and floating charge]
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr Kiran Kamlakant Desai
[Interest free Loan] 1,747 51,000 (622) 52,125
1,747 51,000 (622) 52,125
10 Controlling party
The directors' have overall control of the company by virtue of majority shareholding.
11 Other information
ADVAITA DOMUS LTD is a private company limited by shares and incorporated in England. Its registered office is:
51 Grange Road
Tettenhall
Wolverhampton
WV6 8RE
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