RAGHUPRO STEPUP INC. LIMITED - Accounts

RAGHUPRO STEPUP INC. LIMITED - Company Information

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Registered Number: 08124653

England and Wales

RAGHUPRO STEPUP INC. LIMITED

Abridged Accounts

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

RAGHUPRO STEPUP INC. LIMITED
Contents Page
For the year ended 31 March 2022

Statement of financial position	1
Notes to the financial statements	2

RAGHUPRO STEPUP INC. LIMITED
Statement of Financial Position
As at 31 March 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	77	103
Investments	60,000	0
	60,077	103
Current assets
Cash at bank and in hand	789	93,496
Creditors: amount falling due within one year	(17,025)	(41,716)
Net current liabilities	(16,236)	51,780

Total assets less current liabilities	43,841	51,883
Net assets	43,841	51,883

Capital and reserves
Called up share capital	100	100
Profit and loss account	43,741	51,783
Shareholder's funds	43,841	51,883

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 30 November 2022 and were signed by:

--------------------------------
Mr.Raghu Rohith Tiru
Director

RAGHUPRO STEPUP INC. LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

RAGHUPRO STEPUP INC. LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08124653, registration address Office Gold, Building 3, Chiswick Park, 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.

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 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.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Computer Equipment

25 Reducing Balance

Staff Costs

	2022	2021

Average number of employees during the year	Number	Number
Administration	2	2
	2	2

3.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2021	949	949
Additions	-	-
Disposals	-	-
At 31 March 2022	949	949
Depreciation
At 01 April 2021	846	846
Charge for year	26	26
On disposals	-	-
At 31 March 2022	872	872
Net book values
Closing balance as at 31 March 2022	77	77
Opening balance as at 01 April 2021	103	103

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2021	-	-
Additions	60,000	60,000
Transfer to/from Tangible fixed assets	0	0
Disposals	-	-
At 31 March 2022	60,000	60,000

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
100 Ordinary shares of £1.00 each	100		100
	100		100

7.	Control The ultimate controlling interest is held by Mr Raghu Rohith Tiru, the director and 100% shareholder of the company.