Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-011falseNo description of principal activityfalse1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02696120 2023-08-01 2024-07-31 02696120 2022-08-01 2023-07-31 02696120 2024-07-31 02696120 2023-07-31 02696120 c:CompanySecretary1 2023-08-01 2024-07-31 02696120 c:Director1 2023-08-01 2024-07-31 02696120 c:RegisteredOffice 2023-08-01 2024-07-31 02696120 d:CurrentFinancialInstruments 2024-07-31 02696120 d:CurrentFinancialInstruments 2023-07-31 02696120 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02696120 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02696120 d:ShareCapital 2024-07-31 02696120 d:ShareCapital 2023-07-31 02696120 d:RetainedEarningsAccumulatedLosses 2024-07-31 02696120 d:RetainedEarningsAccumulatedLosses 2023-07-31 02696120 c:FRS102 2023-08-01 2024-07-31 02696120 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02696120 c:FullAccounts 2023-08-01 2024-07-31 02696120 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02696120 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 02696120







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


NAVRAS RECORDS LIMITED






































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NAVRAS RECORDS LIMITED
 


 
COMPANY INFORMATION


Director
V Baxi 




Company secretary
H Baxi



Registered number
02696120



Registered office
Flat 17
Townsend House

4 Cornforth Lane

London

NW7 1SU




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


NAVRAS RECORDS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3


 


NAVRAS RECORDS LIMITED
REGISTERED NUMBER:02696120



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
9,918
29,536

  
9,918
29,536

Creditors: amounts falling due within one year
 4 
(2,107,651)
(2,107,451)

Net current liabilities
  
 
 
(2,097,733)
 
 
(2,077,915)

Total assets less current liabilities
  
(2,097,733)
(2,077,915)

  

Net liabilities
  
(2,097,733)
(2,077,915)


Capital and reserves
  

Called up share capital 
  
85,000
85,000

Profit and loss account
  
(2,182,733)
(2,162,915)

  
(2,097,733)
(2,077,915)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




V Baxi
Director

Date: 17 April 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


NAVRAS RECORDS LIMITED
 


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

1.


General information

Navras Records Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is given in the company information page of these financial statements.  
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

At the balance sheet date the company shows a deficiency of total assets over total liabilities of £2,097,733 (2023: £2,077,915). Due to the ongoing support of the director, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated via the production and distribution of records, tapes, videos, digital media and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 2

 


NAVRAS RECORDS LIMITED
 


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

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2,103,701
2,103,701

Accruals and deferred income
3,950
3,750

2,107,651
2,107,451



5.


Transactions with directors

At the balance sheet date, the company owes the director £2,103,701 (2023: £2,103,701). This amount is considered interest-free and repayable on demand.

 
Page 3