REGISTERED NUMBER: 06031095 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Srindu Soft Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B C Prathap

SECRETARY:

V S Konala

REGISTERED OFFICE:

39 Ludgate Hill City

London

EC4M 7JN

REGISTERED NUMBER:

06031095 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

FIXED ASSETS

Tangible assets

4

26,583

37,032

Investments

5

100

100

Investment property

6

1,047,060

1,047,060

1,073,743

1,084,192

CURRENT ASSETS

Debtors

7

202,583

218,167

Cash at bank

345

1,386

202,928

219,553

CREDITORS

Amounts falling due within one year

8

580,149

584,077

NET CURRENT LIABILITIES

(377,221

)

(364,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

696,522

719,668

CREDITORS

Amounts falling due after more than one year

9

396,635

428,669

NET ASSETS

299,887

290,999

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

290,703

290,703

Retained earnings

9,084

196

SHAREHOLDERS' FUNDS

299,887

290,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mrs B C Prathap - Director

1.	STATUTORY INFORMATION

Srindu Soft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33.33% on SLB

Motor Vehicle 25% on RBM

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value.

Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided on investment properties as a result of FRS 102 section 16, this represents a

departure from the requirements of the Companies Act. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure consumption and to depreciate them would not give a true and fair view.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separated or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

166,276

120,722

286,998

Additions

-

833

833

At 31 December 2024

166,276

121,555

287,831

DEPRECIATION

At 1 January 2024

132,809

117,157

249,966

Charge for year

8,366

2,916

11,282

At 31 December 2024

141,175

120,073

261,248

NET BOOK VALUE

At 31 December 2024

25,101

1,482

26,583

At 31 December 2023

33,467

3,565

37,032

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

Srindu Soft Ltd holds 100% share capital of Optim Technologies Ltd, The Value are declared as book Value

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,047,060

NET BOOK VALUE

At 31 December 2024

1,047,060

At 31 December 2023

1,047,060

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

1,047,060

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

1,047,060

1,047,060

Investment property was valued on an open market basis on 31 December 2024 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

62,672

62,673

Amounts owed by associates

92,800

96,000

Other debtors

47,111

59,494

202,583

218,167

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

49,695

50,549

Hire purchase contracts

3,721

3,721

Trade creditors

46,106

45,067

Amounts owed to associates

124,041

101,941

Taxation and social security

60,222

91,379

Other creditors

296,364

291,420

580,149

584,077

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

364,315

390,430

Hire purchase contracts

32,320

38,239

396,635

428,669

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

309,323

318,676

Barclays loan

38,500

46,000

347,823

364,676

10.	DEFERRED TAX

£

Balance at 1 January 2024

(2,020

)

Provided during year

(1,448

)

Balance at 31 December 2024

(3,468

)

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

290,703

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs B C Prathap

Balance outstanding at start of year

13,831

(1,047

)

Amounts advanced

(3,744

)

14,878

Amounts repaid

(13,831

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,744

)

13,831

At the balance sheet date, the director Mrs B C Prathap was owed £3744 (2023: £13,831Dr).

At the balance sheet date, Srindu Soft Ltd owes £49,800 to Optim Technologies Ltd, £47,741 to CISWorldwide Ltd, £13,500 to Abcistic Investments Ltd and £13,000 to Angel Investments Ltd.

At the balance sheet date, Srindu Soft Ltd is owed £68,000 by Oakesfield Properties Ltd, £24,800 and by Angel Property Ltd.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs B C Prathap.

At the balance sheet date, Mr. V S Konala & Mrs. Chittoor Prathap Bindu Madhavi own 50% share each in the company and therefore, they are the ultimate controlling party.