DHARMA VENTURES LIMITED
DHARMA VENTURES LIMITED
Registered number: 12841001
Financial Statements
For The Year Ended
31 August 2022
DHARMA VENTURES LIMITED
Financial Statements
For The Year Ended
31 August 2022
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
DHARMA VENTURES LIMITED
Balance Sheet
As at
31 August 2022
Balance Sheet
Registered number:
12841001
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | $ | $ | $ | $ | |
| FIXED ASSETS | |||||
| Investments | 3 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | 508,455 | 321,665 | |||
Page 1
Page 2
DHARMA VENTURES LIMITED
Balance Sheet (continued)
As at
31 August 2022
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
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
DHARMA VENTURES LIMITED
Notes to the Financial Statements
For The Year Ended
31 August 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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.
1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into United States Dollar (USD) at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into United States Dollar (USD) at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
3.
Investments
| Other | |
|---|---|
| $ | |
| Cost | |
| As at
|
326,386 |
| Additions | 186,669 |
| As at
|
513,055 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
513,055 |
| As at
|
326,386 |
4.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| $ | $ | ||
| Trade creditors |
( |
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account |
|
|
|
|
|
|
||
5.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
|
|
|
Page 3
Page 4
DHARMA VENTURES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2022
6.
General Information
DHARMA VENTURES LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
12841001
. The registered office is 124 City Road, London, EC1V 2NX.
Page 4