| Shiva (Mailbox) ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Going concern |
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The financial statements have been prepared on a going concern basis. |
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Investments |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
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| 3 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
5,523,000 |
|
- |
|
5,523,000 |
|
|
Provision |
|
At 1 April 2024 |
5,523,000 |
|
- |
|
5,523,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
- |
|
- |
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Country of incorporation |
|
Class of shares held |
|
Ownership 2025 (%) |
|
Ownership 2024 (%) |
|
|
Premier VCT (Mailbox) Limited |
England and Wales |
|
Ordinary |
|
90 |
|
90 |
|
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The registered address of the above company is Regent House, Allum Gate, Theobald Street, Elstree |
|
Borehamwood, Hertfordshire, WD6 4RS. |
|
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
1,000 |
|
1,000 |
|
|
|
|
|
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and related undertakings |
|
12,378,248 |
|
11,918,548 |
|
Other creditors |
3,300 |
|
3,300 |
|
|
|
|
|
|
12,381,548 |
|
11,921,848 |
|
|
|
|
|
|
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The amount owed to group undertakings and related undertakings are subject to interest charge. |
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The rate of interest applicable is 2.5% on outstanding loan principal and 5.5% on the unpaid interest. |
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The amounts are all unsecured and repayable on demand. |
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| 6 |
Related party transactions |
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During the year the company made the following related party transactions: |
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|
Companies Under Common Control |
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At the balance sheet date, the amount due to the companies under common control was £9,296,620 (2024: £9,040,079). |
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Related Companies |
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At the balance sheet date, the amount due to related companies was £3,081,628 (2024: £2,878,470). |
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Parent Company |
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The immediate parent company is Shiva Hotels Ltd, a company registered in England and Wales. |
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The ultimate holding company is Lanos Holdings Limited ('Lanos'). Lanos is owned by non-UK resident Trusts (the 'Trusts'). A director of the company, RR Sachdev is a beneficiary of the Trusts. The directors consider the Trustees to be the ultimate controlling party. |
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| 7 |
Share capital |
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Allotted, called up and fully paid shares |
|
|
|
2025 |
|
2024 |
|
|
No. |
|
£ |
|
No. |
|
£ |
|
|
Ordinary shares of £1 each |
1000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
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| 8 |
Other information |
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Shiva (Mailbox) ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Regent House |
|
Theobald Street |
|
Borehamwood |
|
Hertfordshire |
|
WD6 4RS |