0 false false false false false false false false false false true false false false true true true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 33,000 33,000 33,000 xbrli:pure xbrli:shares iso4217:GBP 09455547 2024-01-01 2024-12-31 09455547 2024-12-31 09455547 2023-12-31 09455547 2023-01-01 2023-12-31 09455547 2023-12-31 09455547 2022-12-31 09455547 bus:RegisteredOffice 2024-01-01 2024-12-31 09455547 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 09455547 bus:Director3 2024-01-01 2024-12-31 09455547 bus:Director4 2024-01-01 2024-12-31 09455547 bus:Director5 2024-01-01 2024-12-31 09455547 bus:Director6 2024-01-01 2024-12-31 09455547 core:WithinOneYear 2024-12-31 09455547 core:WithinOneYear 2023-12-31 09455547 core:RetainedEarningsAccumulatedLosses 2024-12-31 09455547 core:RetainedEarningsAccumulatedLosses 2023-12-31 09455547 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 09455547 core:Non-currentFinancialInstruments 2024-12-31 09455547 core:Non-currentFinancialInstruments 2023-12-31 09455547 bus:SmallEntities 2024-01-01 2024-12-31 09455547 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09455547 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09455547 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 09455547 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 09455547
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Filleted Unaudited Accounts
31 December 2024
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Accounts
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the accounts
4
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors Mr G Sindha
- Director
Mr P Darbar
(Resigned 25 February 2024) - Director
Mr J Padhiar
(Resigned 25 February 2024) - Director
Mrs A Mehta
- Director
Registered office
Lions Club
Church Road
Erdington
Birmingham
West Midlands
England
B24 9BA
Accountants
Sterling Finance [UK] Limited
Chartered Accountants
Westbourne House
159 Oldham Road
Ashton Under Lyne
Lancashire
United Kingdom
OL7 9AR
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
33,000
33,000
Current assets
Cash at bank and in hand
8,271
6,085
Creditors: amounts falling due within one year
6
2,714
1,370
-------
-------
Net current assets
5,557
4,715
--------
--------
Total assets less current liabilities
38,557
37,715
--------
--------
Net assets
38,557
37,715
--------
--------
Capital and reserves
Profit and loss account
38,557
37,715
--------
--------
Members funds
38,557
37,715
--------
--------
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2024
These accounts were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:
Mrs A Mehta
Director
Company registration number: 09455547
Gujarati Rajput Samaj UK Limited
Company Limited by Guarantee
Notes to the Accounts
Year ended 31 December 2024
1. General information
The charity is a private charity limited by guarantee, registered in England and Wales. The address of the registered office is Lions Club, Church Road, Erdington, Birmingham, West Midlands, B24 9BA, England.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. These financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS102") as issued in August 2014. The amendments to FRS 102 issued in July 2015 have been applied. The presentation currency of these financial statements is Sterling Pounds. In the transition to section 1A of FRS from old UK GAAP, the Company has made no measurement and recognition adjustments.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Company limited by guarantee
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member, for-
(a) payment of the company's debts and liabilities contracted before he ceases to be a member,(b) payment of the costs, charges and expenses of winding up, and(c) adjustment of the rights of the contributories among themselves.
5. Investments
Other investments other than loans
£
Cost
At 1 January 2024 and 31 December 2024
33,000
--------
Impairment
At 1 January 2024 and 31 December 2024
--------
Carrying amount
At 31 December 2024
33,000
--------
At 31 December 2023
33,000
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
915
Corporation tax
123
Other creditors
1,676
1,370
-------
-------
2,714
1,370
-------
-------
7. Financial instruments
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.