Company registration number 03127355 (England and Wales)
SHRICO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
SHRICO LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
SHRICO LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
5
46,702
12,912
Cash at bank and in hand
50,089
78,398
96,791
91,310
Creditors: amounts falling due within one year
6
(96,814)
(91,333)
Net current liabilities
(23)
(23)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(25)
(25)
Total equity
(23)
(23)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 December 2025 and are signed on its behalf by:
Mr N H Thakrar
Director
Company registration number 03127355 (England and Wales)
SHRICO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
2
(25)
(23)
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
0
-
0
Balance at 30 June 2024
2
(25)
(23)
Year ended 30 June 2025:
Profit and total comprehensive income
-
-
0
-
0
Balance at 30 June 2025
2
(25)
(23)
SHRICO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Shrico Limited is a private company limited by shares incorporated in England and Wales. The registered office is Shree Sanatan Hindu Mandir, Ealing Road, Wembley, Middlesex, HA0 4TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. In reaching this conclusion, the directors have assessed the company’s financial position together with the continued support of its parent entity, Shri Vallabh Nidhi – UK.true

The company derives recurring income from the management and operation of the premises car park and from hall hire. These sources of income, together with the backing of the parent entity, provide assurance that sufficient resources are available to meet liabilities as they fall due.

Accordingly, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future, and the financial statements have been prepared on a going concern basis.

1.3
Turnover

Turnover comprises receipts from the management and operation of a car park which belongs to the parent entity.

The company also earns income from short term rental of the facilities of its parent entity.

Turnover is recognised after the provision of the services and on receipt of payment.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% on cost basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SHRICO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

SHRICO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue Recognition

The company’s revenue arises from car parking operations and the short-term hire of halls and facilities. Revenue recognition involves limited judgement because both income streams are based on observable transactions at the point of service.

Car parking income is recognised when the parking service is provided and payment is received. No significant estimation is required.

Hall hire income is recognised when the facilities are utilised by the customer (i.e. when the function takes place). Management applies judgement in determining the appropriate timing of recognition, particularly for deposits received in advance. Deposits are deferred until the event date and recognised as revenue only when the service obligation is fulfilled.

There are no complex estimates involved in measuring these revenues, as consideration is typically received in cash or through immediate settlement, and amounts are fixed and determinable at the time of transaction.

SHRICO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 and 30 June 2025
33,182
Depreciation and impairment
At 1 July 2024 and 30 June 2025
33,182
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
46,702
12,912
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
32,401
57,588
Amounts owed to group undertakings
48,266
25,440
Taxation and social security
14,692
6,849
Other creditors
1,455
1,456
96,814
91,333
SHRICO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Shilpa Chheda
Statutory Auditor:
KLSA LLP
Date of audit report:
12 December 2025
8
Related party transactions

The company had financial transactions with Shri Vallabh Nidhi - UK, its parent entity. During the year, the cost incurred in relation to management and operation of the Wembley Temple car park and short-term rental of the hall facilities and was transferred at cost of £400,825 (2024: £310,078 ) to Shri Vallabh Nidhi - UK.

At balance sheet date, the amount payable to Shri Vallabh Nidhi - UK amounted to £48,266 (2024: £25,440 ).

9
Parent company

The company's parent undertaking is Shri Vallabh Nidhi - UK, which is a UK Registered Charity (charity registration number: 277833).

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