Registration number:
Avanthi Warehousing Services UK Limited
for the
Year Ended 31 March 2025
Avanthi Warehousing Services UK Limited
Company Information
|
Directors |
Mr Narayana Reddy Naidu Ms Avanti Reddy Bodanapu |
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Registered office |
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Auditors |
Auditor details
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Avanthi Warehousing Services UK Limited
for the Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avanthi Warehousing Services UK Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Avanthi Warehousing Services UK Limited, as a body, in accordance with the terms of our engagement letter dated 1 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Avanthi Warehousing Services UK Limited and state those matters that we have agreed to state to the Board of Directors of Avanthi Warehousing Services UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avanthi Warehousing Services UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Avanthi Warehousing Services UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Avanthi Warehousing Services UK Limited. You consider that Avanthi Warehousing Services UK Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Avanthi Warehousing Services UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants
London
W1T 3AD
Avanthi Warehousing Services UK Limited
(Registration number: 14052786)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
3,801,000 |
3,801,000 |
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Retained earnings |
(333,994) |
(280,119) |
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Shareholders' funds |
3,467,006 |
3,520,881 |
Approved and authorised by the
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......................................... |
Avanthi Warehousing Services UK Limited
Statement of Changes in Equity for the Year Ended 31 March 2025
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Share capital |
Retained earnings |
Total |
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At 1 April 2024 |
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( |
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Loss for the year |
- |
( |
( |
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At 31 March 2025 |
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( |
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Share capital |
Retained earnings |
Total |
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At 1 April 2023 |
|
( |
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Loss for the year |
- |
( |
( |
|
At 31 March 2024 |
3,801,000 |
(280,119) |
3,520,881 |
Avanthi Warehousing Services UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
.........................................
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities and rental from property investment. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
The tax also includes the Annual Tax on Enveloped Dwellings (ATED).
Avanthi Warehousing Services UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Fixtures & Fittings |
15% on straight line basis |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Taxation |
Tax charged/(credited) in the profit and loss account
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2025 |
2024 |
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Current taxation |
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ATED charges |
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Avanthi Warehousing Services UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Tangible assets |
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Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Investment properties |
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2025 |
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At 1 April |
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At 31 March |
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The cost of the property was £3,609,321.
The fair value of the property has been arrived at on the basis of valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.
The expiry date of the under-lease is 25 September 2126.
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Debtors |
|
Current |
2025 |
2024 |
|
Service charges deposit |
43,320 |
43,320 |
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Prepayments |
2,929 |
18,953 |
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Rent receivable |
45,000 |
24,500 |
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Directors current account |
- |
4,741 |
|
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Avanthi Warehousing Services UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
|
2025 |
2024 |
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Due within one year |
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Accruals and deferred income |
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Directors current account |
24,668 |
- |
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Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
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No. |
£ |
No. |
£ |
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3,801,000 |
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3,801,000 |
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Related party transactions |
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Transactions with directors |
|
2025 |
At 1 April 2024 |
Other payments made to company by director |
At 31 March 2025 |
|
Ms Avanti Reddy Bodanapu |
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|
( |
29,410 |
|
|
2024 |
At 1 April 2023 |
Advances to director |
At 31 March 2024 |
|
Ms Avanti Reddy Bodanapu |
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- |
( |
( |
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Holding company |
The company is wholly owned by :
Avanthi Warehousing Services Private Limited
8-2-893/82/B, Plot No 621 Road
No 12 Banjara Hills
Hyderabad
Telangana 500034
India