Company Registration No. 15350261 (England and Wales)
HAS Ventures Ltd
Unaudited accounts
for the period from 14 December 2023 to 31 December 2024
HAS Ventures Ltd
Unaudited accounts
Contents
HAS Ventures Ltd
Company Information
for the period from 14 December 2023 to 31 December 2024
Directors
Mr Raja Sekhar Kalyanapu
Mrs Deepa Shivanarayana
Company Number
15350261 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
United Kingdom
HAS Ventures Ltd
Statement of financial position
as at 31 December 2024
Investment property
550,000
Cash at bank and in hand
1,912
Creditors: amounts falling due within one year
(140,239)
Net current liabilities
(114,341)
Total assets less current liabilities
435,659
Creditors: amounts falling due after more than one year
(437,250)
Profit and loss account
(1,593)
Shareholders' funds
(1,591)
For the period ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by
Mr Raja Sekhar Kalyanapu
Director
Company Registration No. 15350261
HAS Ventures Ltd
Notes to the Accounts
for the period from 14 December 2023 to 31 December 2024
HAS Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 15350261. The registered office is 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment properties comprise properties and interest in land and building held either to earn rental income or for capital
appreciation, or both.
Investment property is initially measured at cost, including related transaction cost. Borrowing cost associated with direct
expenditure on investment property under development is capitalised.
After initial recognition at costs, investment property is included at market fair value. Gains are recognised in the income
statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
No depreciation is provided on the investment property.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
At 31 December 2024
550,000
Investment property is included at market fair value.
HAS Ventures Ltd
Notes to the Accounts
for the period from 14 December 2023 to 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
39
Amounts falling due after more than one year
Accrued income and prepayments
23,947
6
Creditors: amounts falling due within one year
2024
Loans from directors
138,768
7
Creditors: amounts falling due after more than one year
2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
Shares issued during the period:
2 Ordinary shares of £1 each
2
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Transactions with related parties
Included in creditors is the sum of £74,234 owed to Mr Raja Sekhar Kalyanapu, a director and 50% shareholder of the company.
Included in creditors is the sum of £64,534 owed to Mrs Deepa Shivanarayana, a director and 50% shareholder of the company.
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Average number of employees
During the period the average number of employees was 0.