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Registered number: 14604972
Srita Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
ArchElm Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14604972
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,464 3,317
Investment Properties 5 944,931 877,431
947,395 880,748
CURRENT ASSETS
Debtors 6 4,507 606
Cash at bank and in hand 1,101 2,031
5,608 2,637
Creditors: Amounts Falling Due Within One Year 7 (188,981 ) (226,050 )
NET CURRENT ASSETS (LIABILITIES) (183,373 ) (223,413 )
TOTAL ASSETS LESS CURRENT LIABILITIES 764,022 657,335
Creditors: Amounts Falling Due After More Than One Year 8 (606,112 ) (585,830 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,800 ) (9,975 )
NET ASSETS 135,110 61,530
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 97,200 42,525
Profit and Loss Account 37,908 19,003
SHAREHOLDERS' FUNDS 135,110 61,530
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Tara Kandagatla
Director
Mr Srinivas Kandagatla
Director
27/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Srita Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14604972 . The registered office is 29 Hiscox Way, Stoke Gifford, Bristol, BS34 8BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 February 2025 4,935
Additions 507
As at 31 January 2026 5,442
Depreciation
As at 1 February 2025 1,618
Provided during the period 1,360
As at 31 January 2026 2,978
Net Book Value
As at 31 January 2026 2,464
As at 1 February 2025 3,317
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 877,431
Fair value adjustments 67,500
As at 31 January 2026 944,931
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 4,507 606
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,770 2,619
Trade creditors (51 ) 440
Other creditors 182,677 218,803
Taxation and social security 4,585 4,188
188,981 226,050
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 606,112 585,830
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,770 2,619
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 February 2025 42,525 19,003
Profit for the year and total comprehensive income - 73,580
Movements in fair value reserve 54,675 -
Transfer to/from Fair value reserve - (54,675)
As at 31 January 2026 97,200 37,908
Page 5