Arsha Kula Limited 10665716 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the organisation and management of the World Yoga Festival in Beale park in July each year. Digita Accounts Production Advanced 6.30.9574.0 true 10665716 2023-09-01 2024-08-31 10665716 2024-08-31 10665716 core:CurrentFinancialInstruments 2024-08-31 10665716 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10665716 core:Non-currentFinancialInstruments 2024-08-31 10665716 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10665716 core:PlantMachinery 2024-08-31 10665716 bus:SmallEntities 2023-09-01 2024-08-31 10665716 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10665716 bus:FilletedAccounts 2023-09-01 2024-08-31 10665716 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10665716 bus:RegisteredOffice 2023-09-01 2024-08-31 10665716 bus:Director2 2023-09-01 2024-08-31 10665716 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10665716 core:PlantMachinery 2023-09-01 2024-08-31 10665716 countries:EnglandWales 2023-09-01 2024-08-31 10665716 2023-08-31 10665716 core:PlantMachinery 2023-08-31 10665716 2022-08-01 2023-08-31 10665716 2023-08-31 10665716 core:CurrentFinancialInstruments 2023-08-31 10665716 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10665716 core:Non-currentFinancialInstruments 2023-08-31 10665716 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 10665716

Arsha Kula Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Arsha Kula Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Arsha Kula Limited

(Registration number: 10665716)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

4,869

4,128

Cash at bank and in hand

 

3,817

2,152

 

8,686

6,280

Creditors: Amounts falling due within one year

6

(122,511)

(117,939)

Total assets less current liabilities

 

(113,825)

(111,659)

Creditors: Amounts falling due after more than one year

6

(8,768)

(16,492)

Net liabilities

 

(122,593)

(128,151)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(122,594)

(128,152)

Shareholders' deficit

 

(122,593)

(128,151)

 

Arsha Kula Limited

(Registration number: 10665716)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Mr R Banerjee
Director

 

Arsha Kula Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Church Close
Thatcham
Berkshire
RG19 3PP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Tax

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Arsha Kula Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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 Profit and Loss Account 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Arsha Kula Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

876

876

At 31 August 2024

876

876

Depreciation

At 1 September 2023

876

876

At 31 August 2024

876

876

Carrying amount

At 31 August 2024

-

-

5

Debtors

2024
£

2023
£

Trade debtors

3,762

3,128

Prepayments

1,107

-

Other debtors

-

1,000

4,869

4,128

 

Arsha Kula Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

7,523

7,323

Trade creditors

 

32,029

49,264

Other creditors

 

82,959

61,352

 

122,511

117,939

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

8,768

16,492

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,523

7,323

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,768

16,492

8

Related party transactions

Other transactions with directors

£38,875 has been paid from Arsha Kula Limited to Globe-Smart Limited for management fees in the period ended 31 August 2024 (2023 - £48,264). Mr R Banerjee and Mrs S Banerjee are directors and shareholders of Globe-Smart Limited.

Arsha Kula Foundation CIO, the parent of Arsha Kula Limited, made a donation to Arsha Kula Limited in the period of £13,760 (2023 - £48,780) as a contribution towards the cost of the World Yoga Festival.

Included in other creditors at the year end is a balance due to the directors of £8,478 (2023 - £nil).