Wagjiani Holdings Ltd - Accounts

Wagjiani Holdings Ltd - Accounts

WAGJIANI HOLDINGS LTD - Company Information

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Registered Number: 11671196
England and Wales

 

 

 

WAGJIANI HOLDINGS LTD


Abridged Accounts
 


Period of accounts

Start date: 12 November 2018

End date: 30 November 2019

Wagjiani Holdings Ltd
Contents Page
For the period ended 30 November 2019
Report to the directors on the preparation of the unaudited statutory accounts of Wagjiani Holdings Ltd for the year ended 30 November 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wagjiani Holdings Ltd for the year ended 30 November 2019 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Wagjiani Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 25 September 2020 Our work has been undertaken solely to prepare for your approval the accounts of Wagjiani Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Wagjiani Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wagjiani Holdings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wagjiani Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wagjiani Holdings Ltd. You consider that Wagjiani Holdings Ltd 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 Wagjiani Holdings Ltd. 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
30 November 2019



....................................................
Varia Associates
7 Highfield Crescent
Northwood Middlesex
HA6 1EZ
25 September 2020
1
 
 		 Notes
 		 2019
£
Fixed assets    
Tangible fixed assets 2 880,810 
880,810 
Current assets    
Cash at bank and in hand 124,031 
Creditors: amount falling due within one year (1,033,540)
Net current assets (909,509)
 
Total assets less current liabilities (28,699)
Net assets (28,699)
 

Capital and reserves 		   
Called up share capital 3 100 
Profit and loss account (28,799)
Shareholders funds (28,699)
 


For the period ended 30 November 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 September 2020 and were signed by:


--------------------------------
Dhirendra Wagjiani
Director
2
General Information
Wagjiani Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11671196, registration address 7 Highfield Crescent, Northwood, , HA6 1EZ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
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:
Fixtures and Fittings 15% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 12 November 2018 -    -    - 
Additions 879,880    1,094    880,974 
Disposals -    -    - 
At 30 November 2019 879,880    1,094    880,974 
Depreciation
At 12 November 2018 -    -    - 
Charge for period -    164    164 
On disposals -    -    - 
At 30 November 2019 -    164    164 
Net book values
Closing balance as at 30 November 2019 879,880    930    880,810 
Opening balance as at 12 November 2018 -    -    - 


3.

Share Capital

Allotted
2019
£
100 Class A shares of £1.00 each 100 
100 

3