Sarovar Corporation Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09904951 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 DECEMBER 2015 TO 31 MARCH 2017

FOR

SAROVAR CORPORATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Kanda

REGISTERED OFFICE:

246 Narborough Road

Leicester

LE3 2AP

REGISTERED NUMBER:

09904951 (England and Wales)

ACCOUNTANTS:

Kagdadia & Co

246 Narborough Road

Leicester

Leicestershire

LE3 2AP

FIXED ASSETS

Tangible assets

3

269,300

CURRENT ASSETS

Cash at bank

1,971

CREDITORS

Amounts falling due within one year

2,450

NET CURRENT LIABILITIES

(479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

268,821

CREDITORS

Amounts falling due after more than one year

270,000

NET LIABILITIES

(1,179

)

CAPITAL AND RESERVES

Called up share capital

4

100

Retained earnings

(1,279

)

SHAREHOLDERS' FUNDS

(1,179

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 July 2017 and were signed by:

A Kanda - Director

1.	STATUTORY INFORMATION

Sarovar Corporation Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

269,300

At 31 March 2017

269,300

NET BOOK VALUE

At 31 March 2017

269,300

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

5.	RELATED PARTY DISCLOSURES

During the period under review the company received a loan of £270,000 from Kanda Precious Metals Limited.

Mr J K Janda is a director of Kanda Precious Metals Limited and the father of Mr A Kanda, Mr A Kanda is a

director of Sarovart Corporation Limited. The balance outstanding at 31 March 2017 Is £270,00 and is included

in other creditors.