(k) Provisions
Provisions are recognized when the Company has a
present obligation (legal or constructive) as a result of
a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made
of the amount of the obligation. When the Company
expects some or all of a provision to be reimbursed
the reimbursement is recognized as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.
If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a
finance cost.
(l) Contingent liabilities
A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the
company or a present obligation that is not recognized
because it is not probable that an outflow of resources
will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where
there is a liability that cannot be recognized because it
cannot be measured reliably. The contingent liability is
not recognized in books of account but its existence is
disclosed in financial statements.
(m) Earnings per share
Basic earnings per equity share is computed by dividing
the net profit attributable to the equity holders of the
Company by the weighted average number of equity
shares outstanding during the period. The weighted
average number of equity shares outstanding during
the period is adjusted for events such as fresh issue,
bonus issue that have changed the number of equity
shares outstanding, without a corresponding change in
resources.
(n) Cash and cash equivalents
Cash and cash equivalents for the purposes of cash flow
statement comprise cash at bank and in hand, cheques
in hand and short-term deposits with an original
maturity of three months or less, which are subject
to an insignificant risk of changes in value and having
original maturities of three months or less from the
date of purchase, to be cash equivalents.
(o) Valuation of Inventories
Trading Goods: At cost or net realizable
value whichever is lower
(p) Operating Lease
Lease where the lessor effectively retains substantially
all the risks and benefits of ownership of the leased
assets are classified as operating lease. Operating lease
charges are recognized as an expense in the Statement
of Profit & Loss on actual basis.
(q) Cash Flow Statement
The Cash Flow Statement is prepared by the indirect
methodsetoutinAccountingStandard(AS)3onCashFlow
Statements and presents the cash flows by operating,
investing and financial activities of the Company.
Cash and cash equivalents presented in the Cash Flow
Statement consists of cash in hand, cheques & drafts
in hand and balances in current account/ flexi deposit.
33. OTHER STATUTORY INFORMATION
i. TheCompanyhasnot recordedanytransactionwiththecompaniesthathasbeenstruckofffromtheregistrarofcompanies (ROC)
during the period.
ii. TheCompanydonothaveanyBenamiproperty,whereanyproceedinghasbeeninitiatedorpendingagainsttheCompanyforholding
any Benami property.
iii. The Company have not traded or invested in Crypto currency or Virtual Currency during the financial period.
iv. The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:
a. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
b. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the company (Ultimate Beneficiaries), or
v. The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).
vi. The Company have not any such transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the period in the tax assessments under the Income Tax Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961.
vii. The Company have working in one segment therefore the segment reporting is not applicable to the company.
34. PREVIOUS YEAR COMPARATIVES
Previous year figures are re-grouped whereever necessary.
Summary of significant accounting policies 2
The accompanying notes 1 to 34 form an integral part of these financial statements.
As per our report of even date attached.
For CND & Associates For and on behalf of the Board of Directors of
Chartered Accountants ROYAL SENSE LIMITED
ICAI Firm Registration No.: 030019N
Rohit Dhingra Rishabh Arora Harmeet Singh
Partner Managing Director & Cheif Financial Officer Whole- time Director
UDIN: 25519740BMIHXG8333 DIN : 09745543 DIN: 10103440
M. No. 519740
Ragini Maurya
Company Secretary & Compliance Officer
Place: New Delhi Place: New Delhi Place: New Delhi
Date: May 19, 2025 Date: May 19, 2025 Date: May 19, 2025
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