Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12192967 Mr Ravikiran Shivaraj Mrs Shilpa Bogale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12192967 2023-09-30 12192967 2024-09-30 12192967 2023-10-01 2024-09-30 12192967 frs-core:CurrentFinancialInstruments 2024-09-30 12192967 frs-core:Non-currentFinancialInstruments 2024-09-30 12192967 frs-core:ShareCapital 2024-09-30 12192967 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12192967 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12192967 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12192967 frs-bus:SmallEntities 2023-10-01 2024-09-30 12192967 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12192967 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12192967 frs-bus:Director1 2023-10-01 2024-09-30 12192967 frs-bus:Director2 2023-10-01 2024-09-30 12192967 frs-countries:EnglandWales 2023-10-01 2024-09-30 12192967 2022-09-30 12192967 2023-09-30 12192967 2022-10-01 2023-09-30 12192967 frs-core:CurrentFinancialInstruments 2023-09-30 12192967 frs-core:Non-currentFinancialInstruments 2023-09-30 12192967 frs-core:ShareCapital 2023-09-30 12192967 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12192967
AARISHI INVESTMENTS LTD
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12192967
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 334,000 296,666
334,000 296,666
CURRENT ASSETS
Debtors 5 2,068 2,039
Cash at bank and in hand 1,970 5,205
4,038 7,244
Creditors: Amounts Falling Due Within One Year 6 (79,320 ) (83,696 )
NET CURRENT ASSETS (LIABILITIES) (75,282 ) (76,452 )
TOTAL ASSETS LESS CURRENT LIABILITIES 258,718 220,214
Creditors: Amounts Falling Due After More Than One Year 7 (216,619 ) (215,907 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,093 ) -
NET ASSETS 35,006 4,307
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 34,906 4,207
SHAREHOLDERS' FUNDS 35,006 4,307
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Page 2
For the 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.
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 Profit and Loss Account.
On behalf of the board
Mr Ravikiran Shivaraj
Director
27th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
AARISHI INVESTMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12192967 . The registered office is Primus Accountancy, 82 High Street, Golborne, Warrington, WA3 3DA.
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.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 296,666
Revaluations 37,334
As at 30 September 2024 334,000
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,018 1,989
Called up share capital not paid 50 50
2,068 2,039
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,137 5,207
Corporation tax 107 986
Other creditors 52,018 51,989
Accruals and deferred income 794 756
Directors' loan accounts 15,264 24,758
79,320 83,696
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 216,619 215,907
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 50 50
Called Up Share Capital has been paid up 50 50
Amount of Allotted, Called Up Share Capital 100 100
9. Related Party Transactions
Vzion Ltd
Associated Company
At the date of the balance sheet £50,000 was due to Vzion Ltd, a company incorporated in England and Wales registered number 07372615. During the year the director of Vzion Ltd, Ravikiran Shivaraj, is also a director of Aarishi Investments Limited.
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