General Information
Ashram Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 14510280, registration address 21 High View, Pinner, HA5 3NZ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The company is experiencing good level of fees in the subsequent financial period. The company also receives continuing support from the director. Accordingly, there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the financial statements are prepared on a going concern basis.
Turnover
Turnover comprises services supplied by the company and grants recognised in the period, net of Value Added Tax.
Accounting period
The financial statements cover the period from 1 April 2024 to 31 December 2024. The comparative figures cover the period from 28 November 2022 to 31 March 2024.
Grants
Grants are accounted for under the performance model which states that grants are recognised in the profit and loss account when the performance related conditions have been met. If there are no conditions attached to the grant or all conditions are met at receipt, the grant is recognised immediately.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including trade mark) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade mark of 3 years.
.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery etc |
33.33% Straight Line Basis |
|
| 2. |
Average number of employees
Average number of employees during the period was 2 (2024 : 1).
|
| 3. |
Intangible fixed assets
| Cost |
Other intangible assets |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
2,000 |
|
2,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
2,000 |
|
2,000 |
| Amortisation |
| At 01 April 2024 |
667 |
|
667 |
| Charge for period |
500 |
|
500 |
| On disposals |
- |
|
- |
| At 31 December 2024 |
1,167 |
|
1,167 |
| Net book values |
| At 31 December 2024 |
833 |
|
833 |
| At 31 March 2024 |
1,333 |
|
1,333 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
1,105 |
|
1,105 |
| Additions |
1,461 |
|
1,461 |
| Disposals |
- |
|
- |
| At 31 December 2024 |
2,566 |
|
2,566 |
| Depreciation |
| At 01 April 2024 |
368 |
|
368 |
| Charge for period |
641 |
|
641 |
| On disposals |
- |
|
- |
| At 31 December 2024 |
1,009 |
|
1,009 |
| Net book values |
| Closing balance as at 31 December 2024 |
1,557 |
|
1,557 |
| Opening balance as at 01 April 2024 |
737 |
|
737 |
|
| 5. |
Debtors: amounts falling due within one year
|
31/12/2024
£ |
|
31/03/2024
£ |
| Other Debtors |
103,904 |
|
44,641 |
|
103,904 |
|
44,641 |
Included in other debtors is a sum of £Nil (31 March 2024: £2,641) which was owed by the director to the company.
|
| 6. |
Creditors: amount falling due within one year
|
31/12/2024
£ |
|
31/03/2024
£ |
| Trade Creditors |
43,633 |
|
10,125 |
| Taxation and Social Security |
2,999 |
|
44,908 |
| Other Creditors |
117,646 |
|
2,606 |
|
164,278 |
|
57,639 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
31/12/2024
£ |
|
31/03/2024
£ |
|
1,000
Ordinary shares of £0.001 each |
1 |
|
1 |
|
1 |
|
1 |
The company alloted 1 Ordinary share of £1 each on incorporation. The company sub divided the share into 1,000 Ordinary shares at £0.001 each on 17 October 2024.
|
2
|