(l) Provisions, Contingent liabilities and Contingent assets
- A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A“contingent asset is neither recognised nor disclosed in the financial statements.
(m) Cash and cash equivalents
The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents. Fixed deposits with maturity upto 12 months are also considered as part of cash and cash equivalents as they are held as highly liquid asssets.
(n) Retirement and other employee benefits Short Term Employee Benefits
Short term employee benefits expected to be paid in exchange for the services rendered by the employees are recognised undiscounted during the period employee renders service
(o) Post- Employment Benefits
Company's contribution for the period paid/payable to defined contribution retirement benefit schemes are charged to summary statement of Profit and Loss. Company's liability towards defined benefit plan viz. gratuity is determined using the projected Unit Credit Method as per acturial valuation carried out at the reporting date. The benefit is unfunded. Acturial gains and losses for both defined benefit plans are recognized in full in the period in which they occur in the summary statement of Profit and Loss.
The Figuers have been regrouped and rearranged where necessary to conform to the figuers of the current period. Figuers for the Quarter ended March 31, 2024 and March 31, 2023 are balancing figuers between audited figuers in respect of the period year ended March 31,2024 and March 31, 2023 respectively.
As per our report of even date
For SEN & RAY FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Chartered Accountants GRILL SPLENDOUR SERVICES LIMITED
CA Rakesh Kumar Kogta VANDANA SRINIDHI RAO SRINIDHI V RAO
Partner Whole-Time Director ManagingDirector
Membership No.: 122300 DIN - 06395396 DIN - 08626008
Firm Registration No.: 0303047E Mumbai, May 30, 2024 Mumbai, May 30, 2024
UDIN : 24122300BKAOVP6208
Place : Mumbai MANDAR VISHNU PARKAR NIKITA JAWAR
Date: 30th May 2024 Chief Financial Officer Company Secretary
PAN - AODPP6597G & Compliance Officer
Mumbai, May 30, 2024 PAN - BDBPJ2229R
Mumbai, May 30, 2024
28 Advances for Immovable Property:-
The balance under the head Long Term Loans and Advances comprises of the advances paid for purchase of immovable properties at Rs.2,98,50,000/-. The Company has intered in a MOU for purchase of agricultural land in Devgad (Maharshatra) amount of Rs. 99,50,000/- and Itarsi (Madhya Pradesh) amount Rs. 80,00,000/- and Flat in Matunga, Mumbai (Maharashtra) amount Rs. 1,19,50,000/- property however it has not registered nor paid the stamp duty. Amount paid - Rs.2,98,50,000/-
29 Certain balances under the heads of Loans and Advances and Current Liabilities are subject to confirmation and consequential reconciliation, if any.
30 There were no dues to Micro, Small & Medium Enterprises under the perview of the Micro, Small and Medium Enterprises Development Act, 2006 in the current year or in the preceding year.
31 Corporate Social Responsibility:-
The Company is not required to spend any amount in terms of provisions of Section 135 of the Act on Corporate Social Responsibility during the year.
32 Disclosure on transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year 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, is not applicable to the Company, since no such event occurred during the year.
33 Title deed of all immovable properties as mentioned in Financial sTatement are held in the name of Company
34 The Company has not revalued it's Property, Plant & Equipment during the year.
35 The company has not granted any loans or advances in nature of Loans to Promoters, Directors, KMP or the related Parties(As defined under Companies Act 2013) either severally or jointly with any othet person repayable on demand or without specifying any terms of repayment
36 The Company doesnot have any benami property where any procedding has been initiated or pending against the company for holding any benami property.
37 The Company is not declared wilful defaulter by any bank or financial institution or lender during the year
38 The Company doesnot have any transactions with companies struck off under section 248 of Companies Act 2013 or Section 560 of Companies Act 1956
39 The Company doesnot have any charge or satisfication which is yet to be registered with Registrar of Companies (ROC) beyond the statutory period.
40 The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Companies Act 2013 read with Companies (Restriction on number of Layers) Rule 2017
41 There are no scheme of arranegments approved by the component authority in term of section 230 to 237 of the Companies Act 2013
42 The company has not advanced or loaned or invested to any other person or entities including foreign entities(intermediaries) with the understanding that the intermediaries shall "A" Diirectly or Indirectly Lend or Invest in other Person or Entities identified in any manner whatsoever by or on behalf of Company(Ultimate Beneficiaries) or "B" Provide any grauntee , Security or the like to or on behalf of the Ultimate beneficiary.
43 The Company has not received any fund from any person or entities including foreign entities(Funding Party) with understanding (whether recorded in writing or otherwise) that the company shall "A" Diirectly or Indirectly Lend or Invest in other Person or Entities identified in any manner whatsoever by or on behalf of Funding Party (Ultimate Beneficiaries) or "B" Provide any grauntee, Security or the like to or on behalf of the Ultimate beneficiary.
44 The company doesnot have any such transactions which is not recorded in the books of Accounts that has been surrendered or disclosed as Income during the year in the Tax Assessment under Income Tax Act 1961 (such as Search or Survey or any other relevant provison of Income tax act 1961)
45 The Company has not traded or invested in Crypto Currency or virtual currency during the Financial tear
46 Incordance with the requirement of accounting standard 17 " Segment Reporting the company has not reportable segment
47 The Figuers have been regrouped and rearranged where necessary to conform to the figuers of the current period. Figuers for the year ended Mar 31, 2024 and March 31, 2023 are balancing figuers between audited figuers in respect of the period year ended March 31, 2024 and March 31, 2023 respectively.
48 The Company doesnot have any intangible assets under development as at the Balance sheet head.
49 Since the Company has no borrowings from banks or financial institutions on the basis of security of current assets, disclosure of the following is not applicable:“(i) Quarterly returns or statements of current assets filed by the Company with banks or financial institutions whether are in agreement with the books of accounts.“(ii) Summary of reconciliation and reasons of material discrepancies.
As per our report of even date
For SEN & RAY FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Chartered Accountants GRILL SPLENDOUR SERVICES LIMITED
CA Rakesh Kumar Kogta VANDANA SRINIDHI RAO SRINIDHI V RAO
Partner Whole-Time Director ManagingDirector
Membership No.: 122300 DIN - 06395396 DIN - 08626008
Firm Registration No.: 0303047E Mumbai, May 30, 2024 Mumbai, May 30, 2024
UDIN : 24122300BKAOVP6208
Place : Mumbai MANDAR VISHNU PARKAR NIKITA JAWAR
Date: 30th May 2024 Chief Financial Officer Company Secretary
PAN - AODPP6597G & Compliance Officer
Mumbai, May 30, 2024 PAN - BDBPJ2229R
Mumbai, May 30, 2024
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