Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Dr M Jeyam 15/10/2008 Mr M Jeyam 15/10/2008 Ms N Jeyam 22/06/2017 Ms T Jeyam 22/06/2017 Dr M Jeyam 27 February 2025 The principal activity of the company is that of medical consultancy. 05520049 2024-09-30 05520049 bus:Director1 2024-09-30 05520049 bus:Director2 2024-09-30 05520049 bus:Director3 2024-09-30 05520049 bus:Director4 2024-09-30 05520049 2023-09-30 05520049 core:CurrentFinancialInstruments 2024-09-30 05520049 core:CurrentFinancialInstruments 2023-09-30 05520049 core:ShareCapital 2024-09-30 05520049 core:ShareCapital 2023-09-30 05520049 core:RetainedEarningsAccumulatedLosses 2024-09-30 05520049 core:RetainedEarningsAccumulatedLosses 2023-09-30 05520049 core:Vehicles 2023-09-30 05520049 core:FurnitureFittings 2023-09-30 05520049 core:Vehicles 2024-09-30 05520049 core:FurnitureFittings 2024-09-30 05520049 1 2024-09-30 05520049 1 2023-09-30 05520049 2023-10-01 2024-09-30 05520049 bus:FilletedAccounts 2023-10-01 2024-09-30 05520049 bus:SmallEntities 2023-10-01 2024-09-30 05520049 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05520049 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05520049 bus:Director1 2023-10-01 2024-09-30 05520049 bus:Director2 2023-10-01 2024-09-30 05520049 bus:Director3 2023-10-01 2024-09-30 05520049 bus:Director4 2023-10-01 2024-09-30 05520049 bus:Director5 2023-10-01 2024-09-30 05520049 core:Vehicles 2023-10-01 2024-09-30 05520049 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 05520049 2022-10-01 2023-09-30 05520049 core:FurnitureFittings 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 05520049 (England and Wales)

NETHRA LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

NETHRA LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

NETHRA LIMITED

BALANCE SHEET

As at 30 September 2024
NETHRA LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 55,996 75,176
55,996 75,176
Current assets
Debtors 4 9,662 11,786
Investments 5 597,962 549,164
Cash at bank and in hand 72,950 22,938
680,574 583,888
Creditors: amounts falling due within one year 6 ( 16,943) ( 7,873)
Net current assets 663,631 576,015
Total assets less current liabilities 719,627 651,191
Provision for liabilities 7 ( 13,999) ( 18,794)
Net assets 705,628 632,397
Capital and reserves
Called-up share capital 10 10
Profit and loss account 705,618 632,387
Total shareholders' funds 705,628 632,397

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nethra Limited (registered number: 05520049) were approved and authorised for issue by the Board of Directors on 27 February 2025. They were signed on its behalf by:

Dr M Jeyam
Director
NETHRA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
NETHRA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nethra Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 15 Ravens Holme, Bolton, BL1 5TN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 3.33 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 71,950 24,382 96,332
Additions 0 1,161 1,161
At 30 September 2024 71,950 25,543 97,493
Accumulated depreciation
At 01 October 2023 1,499 19,657 21,156
Charge for the financial year 17,613 2,728 20,341
At 30 September 2024 19,112 22,385 41,497
Net book value
At 30 September 2024 52,838 3,158 55,996
At 30 September 2023 70,451 4,725 75,176

4. Debtors

2024 2023
£ £
Trade debtors 9,662 10,878
Other debtors 0 908
9,662 11,786

5. Current asset investments

2024 2023
£ £
Other investments 597,962 549,164

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 14,312 5,553
Other creditors 2,631 2,320
16,943 7,873

7. Provision for liabilities

2024 2023
£ £
Deferred tax 13,999 18,794