Sher Khan Foundatlon Ltd ForThe Year Ended 31 Ortot*r 2023 The trustees who a￿ also dired0￿ of the charity for the purtx)ses of the Conwanie5 1Irt 2(K16. present thelr re￿t w￿h the flnanclal 5tatewnents ol the tharty forthe year ended 31 O£tober 2023. The trustees have adopted the provislons of Accountlng aThJ Worting by Charibe5: Siatern￿t of RecrmmeThled Practfjce to charttles preparirng theiraccounts in accordancè wlth the Financlal Reportln9 Stsndard applkaljle In the UK and Wublic L* Ireland (FRS 102) leffe£bve l January 20IS1. ObJecthTe5 and artfvltle$ Obj•ctlves and alms The charty's objects ('obtreets') are spedfica1￿ restrItt￿ to the lolkn¥ing.' - The prevtntion or rellef of PDverty in Banglad&sh by wovlding or assistsng in thè Pr￿K*n of goods and servlte5 incluthng buildlng materlals, dothing. foc#1 and financial a5515lan￿ for eduCat￿n, to Indjvhluals In need andlLY charittts. or other oryanisaE*)ns workthg Lo prevent or relieve poverty. Governing do¢ument ch4rlty L8 cOntr￿le￿ by its goverruThJ documert. a deed or trust. and constitutss a Ilmtted c¢Ynpany. Ilmlted by guarantee. as deflned by the Companies Act 2006. Reference and admlnlstratlve Reglstered Company number.. 13668877 ReglstereAI Charfty numberz 1199739 Sher Khan Foundation Ltd Reqlstared tsfflco 64 Southwark Brldqe Road London SEI OAS Mr Amtr Ghazl Ns Alla Khjn M5 Shah Begum Imd•p•ndent Examln•T IbxAsslst Accountants 64 Southwark Brldg• Road London sei OAS 26107124 Approved by order of the board ol trustees on ..............,......,....,.................. Dnd slgned on Irs bèhalf bv: Trustee Page 3 Registered number: 13668877 **SHER KHAN FOUNDATION LTD DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023** TaxAssist Accountants 64 Southwark Bridge Road London SE1 0AS ## **Sher Khan Foundation Ltd Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Accountant's Report|3| |Profit and Loss Account|4| |Balance Sheet|5| |Notes to the Financial Statements|6| |The following pages do not form part of the statutory accounts:|| |Trading Profit and Loss Account|7| **Sher Khan Foundation Ltd Company Information For The Year Ended 31 October 2023** **Directors** Mr Amir Ghazi Ms Afia Khan Ms Shah Begum **Company Number** 13668877 **Registered Office** 64 Southwark Bridge Road London SE1 0AS **Accountants** TaxAssist Accountants 64 Southwark Bridge Road London SE1 0AS Page 1 Sher Khan Foundation Ltd Company No. 13668877 Directors. Report For The Year Ended 31 October 2023 The director5 present thelr report and the flnanclal ststements for the year ended 31 October 2023. Dlrectors The dlrettors who held Offi￿ durfng the year were as follows.. Mr Amlr Ghazi M5 Afia Khan Mg Shah Bequm Ststement of Dlrectors. Responslbllltles The dlrectors are reSpor￿Ible for preparfno the Dtrettor5' Report and ttle financlal statements In accordance with èpplicable law and regulatlons. Company law requlres the dlrectors to Prepa￿ flnanclal Statements for each flnanclal year. Under that law the d5￿CtOrs have elected to prepare the finandal Statements In accordan￿ wSth United Klngdom Generally AC￿pted Accounting Prartice (United Ktngdom Accounting Siondards and appllcable law). Under company law the dlrectors must not approve the flnancial Statements unless they are satisfied that they glye a true and fair v12w of the stsie of affa1￿ of the company and of U)e prrfit or10ss of the company for that perfod. In p￿parIng the financiol 5tstements the dlrectors are requlred to.. • selèct sultsble accounting pollcles and then apply them conslstsntlyi makè Judgments and accounting estlmates that are reasonable and prudent: prepare the financlal 5tstements on the golng con￿r￿ ba51s unles5 it 15 Inappropriate to preS￿ne that the company wlll conttnue In bu51ne5S. The dlrectors a￿ responslble for keeplng adequate accounting records ihat are sufficlent to shDW and explaln the company's tsansactlons and dlsc105e with re350nable accurdcy at any tlme the ffnanclal posltlon of the company and enable them trj Ènsure that the financial statements comply wlth the Companles Act 2006. They are also responslbl2 for safeguardlng the assets Df the ojmpany and hen￿ for tsklng rt850nable steps for the preventlon and detettlon of fraud and other irregularitles. The dlrectors are responsible for the malntenance and integrlty of the corporate and fInancial information included on the company's webslte. Legislation in th2 Unlted klngdom 9overnlng the wepardtion and dlssenination of financial ststement5 may dlffer fmm legislatlon In other Jurisdictlons. Small Conyany Rules Thls report has bÈen prepared In accordance with the speclal provlslons relatlng to companles subject to the small companles reglme wlthln Part 15 of the Companles Act 2006. On behalf of the board Mr Amlr Ghail Dlrertor 25 July 2024 Page 2 ## **Sher Khan Foundation Ltd Accountant's Report For The Year Ended 31 October 2023** In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report. You have acknowledged on the balance sheet as at year ended 31 October 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed ## 5 July 2024 TaxAssist Accountants 64 Southwark Bridge Road London SE1 0AS Page 3 ## **Sher Khan Foundation Ltd Profit and Loss Account For The Year Ended 31 October 2023** |**Notes**
**TURNOVER**
Cost of sales
**GROSS PROFIT**
Administrative expenses
**OPERATING PROFIT AND PROFIT BEFORE TAXATION**
Tax on Profit
**PROFIT AFTER TAXATION BEING PROFIT FOR THE**
**FINANCIAL YEAR**|**31 October**
**2023**
**£**
64,106
(60,937)
3,169
(2,101)
1,068
-
1,068|**31 October**
**2022**
**£**
14,818
(10,566)| |---|---|---| |||4,252
(1,188)| |||3,064
-| |||3,064| The notes on page 6 form part of these financial statements. Page 4 Sher Khan Foundation Ltd Balance ShÈet As At 31 Ortober 2023 31 Octobw 2023 31 Ortober 2022 CURRENT ASSETS Cash at bank and in hand 4￿2 3.544 4.e82 3.544 Credltor*. Amounts Palllng Du• Wlthln One Y￿r (750) (4BOI NEf CURRENT ASSETS (LIABILITIES) 4.132 3,Ck34 TOTAL A55Efs LESS CURRENT LfABIIITIES 4.132 3,064 NET ASS￿5 4.132 3.064 Prtsfit and L055 ACCO￿1t 4.132 SHAReHoLDERS' FUNDS 4.132 3.064 For the year •ndlng 31 October 2023 ￿ company was •ntttled to ex•mptlon frorn aud￿ under 5e¢tlon 477 ¢f ￿ Companles Att 2006 relatlng to small componles. The membtrs hav• not requlred the company ¢0 0￿1n an 4￿J1t In 4ccordan￿ wlth sertlon 476 of th• ￿panIeS Act 2006. The dIrett0￿ a¢knowledge th•lr respon51bJllile5 for comFfylng wlth tho reqUir￿ents of the Art wlth rnspert to accounttng r•coYds and th• prepar3tyon ol accounts. These accotsnts h•ve been pryr•d In accordance wlth the provtslons applica1￿* to t￿n￿nIt5 5ubjéd to th• small companl•s' reglrne. On behalf of the board Mr Amlr Ghazl Dlrector July 2024 The not05 on page 6 form p•rt of lknartdal statemttiis. **Sher Khan Foundation Ltd Notes to the Financial Statements For The Year Ended 31 October 2023** ## 1. **General Information** Sher Khan Foundation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13668877. The registered office is 64 Southwark Bridge Road, London, SE1 0AS. ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. ## 2.2. **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 is reduced for estimated customer returns, rebates and other similar allowances. ## **Sale of goods** Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. ## **Rendering of services** 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. ## 2.3. **Taxation** Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. ## 3. **Average Number of Employees** Average number of employees, including directors, during the year was: 2 (2022: NIL) ## 5. **Creditors: Amounts Falling Due Within One Year** ||**31**|**October**|**31**|**October**| |---|---|---|---|---| |||**2023**||**2022**| |||**£**||**£**| |Other creditors||750||480| 6. **Share Capital** Page 6 ## **Sher Khan Foundation Ltd Trading Profit and Loss Account For The Year Ended 31 October 2023** |**TURNOVER**
Sales
Other income|**31 October 2023**
**£**
**£**
56,593
7,513
64106|**31 October 2023**
**£**
**£**
56,593
7,513
64106|**31 October 2022**
**£**
**£**
12,351
2,467
14818|**31 October 2022**
**£**
**£**
12,351
2,467
14818| |---|---|---|---|---| |||64106||14818| |**COST OF SALES**
Direct costs
**GROSS PROFIT**
**Administrative Expenses**
Computer and IT consumables
Printing, postage and stationery
Accountancy fees
Legal and prof fees
**PROFIT BEFORE TAXATION**
**PROFIT AFTER TAXATION BEING PROFIT FOR THE**
**FINANCIAL YEAR**|60,937|,
(60,937)|10,566|,
(10,566)| ||1,037
11
750
303||-
-
480
708|| |||3,169
(2,101)||4,252
(1,188)| |||||| |||1,068||3,064| |||1,068||3,064| Page 7 Sher Khan Foundation Ltd Accountant's Report For The Year Ended 31 October 2023 Independent examlnèrfs report to the trustees of Sher Khan Foundatlon Ltd. I report to the charity trustees on my examlnatlon of the accounts of the Cempany for the year ended 31 OcLober 2023. Responsibllltles and bas15 of report As the charfty's trustees of the Company (and Its dIrett0￿ for the purposes of company law) you are reswjnslble for the preparatlon of the accounts in accordance wlth the r8quiréments of the Companles Act 2006 ('the 2CK16 ACV). Havlng satt5fied myself that the accounts of the Company are not reouked to be audlted under Part 16 of the 20[￿ Act and are ellgiblè for IndepenLlent exaMIna￿On, l Mport In respert of my examlnation of your cha￿ty,$ accounts a5 Carr￿ out under section 145 of the Charities Act 2011 I'the 2011 Acv). In carrying out rny exawnlnation L have followed the Directions given by the Charity CorNnlssion under sectlon 145151 (bl of the 2011 ACL Indépèndent examlner'5 Statement I have completed my examlnotlon. I confim that no rnatters have come to my attenuon In connection wlth the examination glvlng me cause to belleve.. l. accounknng records We￿ not kept in rèspect of the Campany as wulred by sertton 386 or the 2006 Act. or 2. the accounts do not accord wlth those records. or 3. the accounts do not comply with the accountlng requlrements of section 396 of the 2006 Art other than any requ1￿ment that the accounts give a true and fair vlew which Is not a rnatter con$￿tftd as part of an Independènt eX3mlnatton- or 4. the accounts have not been prepared In accordance wlth the method5 and ￿nCipleS of the Statemert of Rec¢)mm8ndad prac￿¢6 for accountlng and ￿pOr￿ng by chotlUes (applicable to Charities preparing their accounts In accordance wlth the FIna￿la1 Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 102)). I have no concern5 and have come acmss no other matters in connertion with the èxaminatlon to whlch ottenty.on should be drawn in thls report In onjer to enable a proper und•r5tanding of the acco￿ts to be reached. Irfan ACCA TaxAsslst Accourtants 64 Southwark Bridge Road London SEL OAS asood