**REGISTERED NUMBER: 05512710 (England and Wales)**
## **INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
## **Report of the Directors and**
## **Unaudited Financial Statements**
**for the Year Ended 31 March 2023**
Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
## **Contents of the Financial Statements for the Year Ended 31 March 2023**
||**Page**|
|---|---|
|**Company Information**|1|
|**Report of the Directors**|2|
|**Income Statement**|3|
|**Balance Sheet**|4|
|**Notes to the Financial Statements**|5 to 6|
|**Detailed Income and Expenditure Account**|7|
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
## **Company Information for the Year Ended 31 March 2023**
|**Directors:**|Mrs N Singh|
|---|---|
||Mr M Mistry|
||Mr C D Parmar|
||Mr P Singh|
|**Secretary:**|Mrs N Singh|
|**Registered office:**|Artisans House|
||7 Queensbridge|
||Northampton|
||Northamptonshire|
||NN4 7BF|
|**Registered number:**|05512710 (England and Wales)|
|**Accountants:**|Cobley Desborough|
||Chartered Certified Accountants|
||Chartered Tax Advisers|
||Artisans' House|
||7 Queensbridge|
||Northampton|
||Northamptonshire|
||NN4 7BF|
Page 1
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
**Report of the Directors for the Year Ended 31 March 2023**
The directors present their report with the financial statements of the company for the year ended 31 March 2023.
## **Directors**
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.
Mrs N Singh Mr M Mistry Mr C D Parmar Mr P Singh
Other changes in directors holding office are as follows:
Mrs S R Karavadra - resigned 20 September 2022
## **On behalf of the board:**
................................................................. Director
Date: .............................................
Page 2
**INDIAN HINDU WELFARE ORGANISATION**
**(NORTHAMPTON) LIMITED**
## **Income Statement**
## **for the Year Ended 31 March 2023**
**----- Start of picture text -----**
2023 2022
£ £
TURNOVER - -
OPERATING SURPLUS and
SURPLUS BEFORE TAXATION - -
- -
Tax on surplus
SURPLUS FOR THE FINANCIAL YEAR - -
**----- End of picture text -----**
The notes form part of these financial statements
Page 3
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 05512710)**
## **Balance Sheet**
## **31 March 2023**
**----- Start of picture text -----**
2023 2022
£ £
TOTAL ASSETS LESS CURRENT
LIABILITIES - -
RESERVES - -
**----- End of picture text -----**
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
.................................................................
## Director
The notes form part of these financial statements
Page 4
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
**Notes to the Financial Statements for the Year Ended 31 March 2023**
## 1. **STATUTORY INFORMATION**
Indian Hindu Welfare Organisation (Northampton) Limited is a private company, limited by guarantee, 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Taxation**
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Deferred tax**
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Page 5
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## 2. **ACCOUNTING POLICIES - continued**
## **Going concern**
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.
In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.
The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.
Page 6
**INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED**
## **Detailed Income and Expenditure Account for the Year Ended 31 March 2023**
**----- Start of picture text -----**
2023 2022
£ £ £ £
Income - -
NET SURPLUS - -
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 7