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Registered number: 12085037
Shivagni Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr M Agnihotri
Mrs P Agnihotri
Company Number 12085037
Registered Office 25 Basing Hill
London
NW11 8TE
Accountants Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Shivagni Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shivagni Limited for the year ended 31 July 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Shivagni Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Shivagni Limited and state those matters that we have agreed to state to the directors of Shivagni Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shivagni Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Shivagni Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Shivagni Limited . You consider that Shivagni Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Shivagni Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
2 May 2025
Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
Page 2
Page 3
Statement of Financial Position
Registered number: 12085037
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,331 -
Investment Properties 5 8,937,325 9,350,768
Investments 6 25,500 25,500
8,964,156 9,376,268
CURRENT ASSETS
Debtors 7 52,904 25,189
Cash at bank and in hand 15,937 26,504
68,841 51,693
Creditors: Amounts Falling Due Within One Year 8 (3,340,009 ) (3,772,210 )
NET CURRENT ASSETS (LIABILITIES) (3,271,168 ) (3,720,517 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,692,988 5,655,751
Creditors: Amounts Falling Due After More Than One Year 9 (5,538,654 ) (5,538,654 )
NET ASSETS 154,334 117,097
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement 154,234 116,997
SHAREHOLDERS' FUNDS 154,334 117,097
Page 3
Page 4
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs P Agnihotri
Director
2 May 2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Shivagni Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12085037 . The registered office is 25 Basing Hill, London, NW11 8TE.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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:
Computer Equipment 25% Straight line method
2.4. Investment Properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
2.5. Financial Instruments
Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.6. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income
2.7. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.8. Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 5
Page 6
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 1,775
As at 31 July 2024 1,775
Depreciation
As at 1 August 2023 -
Provided during the period 444
As at 31 July 2024 444
Net Book Value
As at 31 July 2024 1,331
As at 1 August 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 9,350,768
Additions 74,623
Disposals (488,066 )
As at 31 July 2024 8,937,325
There has been no valuation of investment property by an independent valuer.
Page 6
Page 7
6. Investments
Unlisted
£
Cost
As at 1 August 2023 25,500
As at 31 July 2024 25,500
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 25,500
As at 1 August 2023 25,500
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 52,904 25,189
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,317,717 3,757,769
Taxation and social security 22,292 14,441
3,340,009 3,772,210
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other Loan 5,538,654 5,538,654
Page 7