Registered number
10082632
P Murthy Limited
Unaudited Filleted Accounts
31 March 2025
P Murthy Limited
Registered number: 10082632
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 4 730,040 638,324
Current assets
Debtors 5 6,399 17,390
Cash at bank and in hand 190,489 194,305
196,888 211,695
Creditors: amounts falling due within one year 6 (46,348) (40,555)
Net current assets 150,540 171,140
Net assets 880,580 809,464
Capital and reserves
Called up share capital 100 100
Fair value reserve 7 (20,223) (35,882)
Profit and loss account 900,703 845,246
Shareholders' funds 880,580 809,464
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Praduman Murthy
Director
Approved by the board on 30 July 2025
P Murthy Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 April 2024 1,162
At 31 March 2025 1,162
Depreciation
At 1 April 2024 1,162
At 31 March 2025 1,162
Net book value
At 31 March 2025 -
4 Investments
Other Other
investments investments Total
£ £ £
Cost
At 1 April 2024 638,324 638,324
Additions 150,766 - 150,766
Revaluation (59,050) - (59,050)
At 31 March 2025 730,040 - 730,040
Historical cost
At 1 April 2024 638,324
At 31 March 2025 730,040
5 Debtors 2025 2024
£ £
Trade debtors - 17,390
Deferred tax asset 6,399 -
6,399 17,390
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,908 1,590
Taxation and social security costs 33,995 34,848
Other creditors 10,445 4,117
46,348 40,555
7 Fair value reserve 2025 2024
£ £
At 1 April 2024 (35,882) (35,882)
Gain on revaluation in year 9,260 -
Deferred taxation arising on investments 6,399 -
At 31 March 2025 (20,223) (35,882)
8 Controlling party
The controlling party is Mrs K Murthy by virtue of her ownership of 75% of the issued share capital of the company.
9 Other information
P Murthy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, The Cottages
Deva Centre
Trinity Way
Manchester
M3 7BE
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