GARCHA INVESTMENTS LTD - Filleted accounts

GARCHA INVESTMENTS LTD - Filleted accounts


Registered number
09795301
GARCHA INVESTMENTS LTD
Filleted Accounts
30 September 2022
GARCHA INVESTMENTS LTD
Registered number: 09795301
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Current assets
Cash at bank and in hand 100 100
Creditors: amounts falling due within one year 3 (61,800) (61,600)
Net current liabilities (61,700) (61,500)
Net liabilities (61,700) (61,500)
Capital and reserves
Called up share capital 100 100
Profit and loss account (61,800) (61,600)
Shareholders' funds (61,700) (61,500)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR BALKAR GARCHA
Director
Approved by the board on 16 June 2023
GARCHA INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 61,800 61,600
4 Related party transactions
GARCHA BROTHERS LIMITED 2022 2021
£ £
Both companies have common directors and shareholders.During the year the company has a loan of £23,900(£23,900 YE 2019) from Garcha Brothers Ltd, Included within Other creditors. 23,900 23,900
5 Other information
GARCHA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
38
Carver Street
Birmingham
England
B1 3AS
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