SKN Ventures UK LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15016365

		31 March 2025		31 March 2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	564,761		313,000
Cash at bank and in hand		615		10,337

		565,376		323,337
Creditors: Amounts Falling Due Within One Year	5	(22,840 )		(1,860 )

NET CURRENT ASSETS (LIABILITIES)			542,536		321,477

TOTAL ASSETS LESS CURRENT LIABILITIES			542,536		321,477

Creditors: Amounts Falling Due After More Than One Year	6		(263,850 )		(24,266 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,170 )		-

NET ASSETS			275,516		297,211

CAPITAL AND RESERVES
Called up share capital	7		300,200		300,200
Profit and Loss Account			(24,684 )		(2,989 )

SHAREHOLDERS' FUNDS			275,516		297,211

Page 1

Page 2

SKN Ventures UK LTD

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

Sajjan Naredi

Director

5 August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SKN Ventures UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 15016365 . The registered office is The Rowley Manor Hotel Rowley Road, Rowley, Cottingham, North Humberside, HU20 3XR.

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. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 (2024: 2)

4. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors - Pan India Lifestyles UK Ltd	564,761	313,000

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	840	60
Accruals and deferred income	-	1,800
Directors' loan accounts	22,000	-

	22,840	1,860

Page 3

Page 4

SKN Ventures UK LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Amounts owed to participating interests	263,850	24,266

7. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	300,200	300,200

8. Related Party Transactions

Loan from SKN Advisors Private Limited	2025	2024
	£	£
At start of period	24,266	0
Advanced	239,584	24,266

At end of period	263,850	24,266

The loan from the parent company is unsecured and carries an interest rate of 8% per annum and is repayable in 3 years.

Loan to Pan India Lifestyles UK Ltd	2025	2024
	£	£
At start of period	313,000	0
Advanced	264,765	313,000
Repaid	13,004	0
At end of period	564,761	313,000

The above sums are advanced to Pan India Lifestyles UK Ltd (CRN 10728110), a company registered in England & Wales. This loan is interest free and repayable on demand.

Loan from director	2025	2024
	£	£
At start of period	0	0
Advanced	22,000	0
Repaid	0	0
At end of period	22,000	0

Sums advanced by the director for working capital. The loan is interest free and repayable on demand.

Page 4