Provisions and Contingent Liabilities:

Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated.
Provisions are not recognized for future operating losses.

Provisions are measured at the present value of management's best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre tax
rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase
in the provision due to the passage of time is recognized as interest expense.

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events but their existence will be
confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the
Company or where any present obligation cannot be measured in terms of future outflow of resources or where a reliable
estimate of the obligation cannot be made.

Employee Benefits:

Provident Fund:

Company's contributions paid / payable to provident fund authorities are recognized in the Statement of Profit and Loss of
the year when the contribution to the fund is due.

Gratuity:

Gratuity is a post-employment benefit and is in the nature of defined benefit plan. The liability recognized in the Balance
Sheet in respect of the gratuity is present value of the defined benefit obligation at the Balance Sheet date less the fair
value of the plan assets, together with adjustments for unrecognized actuarial gains or losses and past service cost. The
defined benefit obligation is calculated at the Balance Sheet date by an independent actuary using the projected unit
credit method.

Actuarial gains and losses arising from past experience and changes in actuarial assumptions are credited or charged to
the Statement of Profit and Loss in the year in which such gains or losses arise.

Compensated Absences

The employees of the Company are entitled to compensate absences which are non-accumulating in nature. Expenses
on non-accumulating compensated absences are recognized in the year in which the absence occurs.

Foreign Currency Transactions

(a) Initial Recognition:

Transactions in foreign currencies entered into by the company are accounted at the exchange rates prevailing on
the date of the transaction. Exchange differences arising on foreign exchange transactions settled during the year
are recognized in the Statement of Profit and Loss.

(b) Measurement of Foreign Currency Items at the Balance Sheet Date:

Foreign currency monetary items restated or retranslated at the closing exchange rates. Non-Monetary items are
reported at the exchange rate prevailing on the date of the transaction. Exchange differences arising out of these
transactions are recognized in the Statement of Profit and Loss.

Borrowing Costs

Borrowing costs directly attributable to the acquisition and construction of qualifying asset are capitalized as part of the
cost of such asset up to the date of such asset being ready for its intended use. Other borrowing costs are treated as
revenue expenditure.

Taxes on Income

Tax expense comprises of both current and deferred taxes. The current charge for income taxes is calculated in
accordance with the relevant tax regulations. Deferred taxes reflect the impact of current year timing differences between
taxable income and accounting income for the year and reversal of timing differences of earlier years. Deferred tax is
measured based on the tax rates and the tax laws enacted or substantively enacted at the Balance Sheet date.

Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable
income will be available against which such deferred tax assets can be realized. Deferred tax assets are recognized on
carry forward of unabsorbed depreciation and tax losses only if there is virtual certainty supported by convincing evidence
that such deferred tax assets can be realized against future taxable profits.

Unrecognized deferred tax assets of earlier years are re-assessed and recognized to the extent that it has become
reasonably certain/virtually certain that future taxable income will be available against which such deferred tax assets can
be realized.

Share Issue Expenses

Share issue expenses are adjusted in the same year against the Securities Premium Account as permitted by section 52
of the Companies Act 2013. In case of insufficient balances in the Securities Premium Account, unadjusted share issue
expenses are amortized over a period of 5 years. In case, there arising a securities premium balance subsequently,
unadjusted share issue expenses would not be amortized but will be adjusted against the Securities Premium Account.

Cash Flow Statement

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effect of transactions of
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular
revenue generating, investing and financing activities are segregated.

Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by
the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, net profit or loss for the year attributable to equity shareholders
and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential
equity shares.

Employee Stock Option Costs

Measurement and disclosure of the employee share based payment plans is done in accordance with SEBI (Employee
Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Guidance Note on Accounting for
Employee Share-based Payments, issued by ICAI. The Company measures compensation cost relating to employee
stock options using the intrinsic value method. Compensation expense is amortized over the vesting period of the option
on a straight line basis.

Trade Receivables

Trade receivables are stated after writing off debts considered as bad. Adequate provision is made for debts considered
doubtful.

Cash and Cash Equivalents

Cash and Cash Equivalents for the purpose of Cash flow statements comprise Cash and Cheques in hand, bank
balances, demand deposits with banks and other short term highly liquid investments where the original maturity is three
months or less.

Recent Accounting Pronouncements

Appendix B to Ind AS21, Foreign currency transactions and advance consideration On March 28, 2018 Ministry of
Corporate Affairs (“”MCA””) has notified the Companies (Indian Accounting Standards) Amendment Rules, 2018
containing Appendix B to Ind AS 21, Foreign currency transactions and advance consideration which clarifies the date of
the transaction for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense
or income, when an entity has received or paid advance consideration in a foreign currency.

“The amendment will come into force from 1 April 2018. The company is evaluating the requirement of the amendment
and the impact on the financial statements. The effect on adoption of Ind AS 21 is expected to be insignificant.”

Ind AS 115

In March 2018, the Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment
rules, 2018 (amended rules). As per the amended rules, Ind AS 115 “Revenue from contracts with customers”
supersedes Ind AS 11, “Construction contracts” and Ind AS 18, “Revenue” and is applicable for all accounting periods
commencing on or after 1 April 2018.

Ind AS 115 introduces a new framework of five step model for the analysis of revenue transactions. The model specifies
that revenue should be recognized when (or as) an entity transfer control of goods or services to a customer at the
amount to which the entity expects to be entitled. Further the new standard requires enhanced disclosures about the
nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts with the customers.
The new revenue standard is applicable to the Company from 1 April 2018.

The standard permits two possible methods of transition:

Retrospective approach - Under this approach the standard will be applied retrospectively to each prior period
presented in accordance with Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.

Retrospectively with cumulative effect of initially applying the standard recognized at the date of initial application
(Cumulative catch - up approach)

“The Company is evaluating the requirement of the amendment and the impact on the financial statements. The effect on
adoption of Ind AS 115 is expected to be insignificant.”

Critical Estimates and Judgments

The preparation of financial statements requires the use of accounting estimates which by definition will seldom equal
the actual results.

Management also needs to exercise judgment in applying the Group's accounting policies. This note provides an
overview of the areas that involved a higher degree of judgment or complexity, and items which are more likely tobe
materially adjusted due to estimates and assumptions turning out to be different than those originally assessed. Detailed
information about each of these estimates and judgments is included in relevant notes together with information about
the basis of calculation for each affected line item in the financial statements.

Additional Regulatory and other Information

a) The company is not holding any immovable property at the end of the financial year.

b) The company has not re-valued any of its Property, Plant & Equipment.

c) The does not have any Capital Work-in-Progress.

d) The Company does not have any Intangible assets under development.

e) There is no benami property held by the company.

f) The Company has not borrowed fund from bank or financial institution on the basis of security on current assets.

g) The Company has not been declared as a willful defaulter.

h) Company has not entered into the transaction with the company whose name has been struck off from under Section
248 of the Companies Act 2013 or Section 560 of the companies Act 1956.

i) Since the Company has no borrowings from banks or financial institution, there is no registration of charges or
satisfaction of charges filed with the Registrar of Companies.

j) The clause regarding compliance with number of layers prescribed under section 2(87) of the Act, read with
companies (restrictions on number of Layers) Rules 2017, is not applicable to the Company.

k) The Company has not advanced or loaned or invested fund (either borrowed funds or share premium or any other
sources or kind of funds) to any other person or entities including foreign entities with understanding that the
intermediary shall directly or indirectly lend or invest in other person or entities identified in any manner whatsoever
by or on behalf of the company or provide guarantee, security or the like to or on behalf of ultimate beneficiaries.

l) The company has no transaction recorded in the books of accounts that has been surrendered or disclosed as
income during the year in tax assessment under the Income Tax Act 1961.

m) Company has not traded or invested in crypto currency or virtual currency during the financial year.

The additional Information pursuant to provisions of Companies Act, 2013 are either Nil or Not Applicable.

As per our attached report of even date.

For M/s. Rakesh Soni & Co For and on behalf of the Board of Directors of

Chartered Accountants Tree House Education & Accessories Limited

Firm Registration No. 114625W

CA R.K Soni Rajesh Bhatia Navin Kumar

Partner Managing Director Executive Director

Membership No. 047151 DIN No: 00074393 DIN: 01664259

UDIN: 25047151BMOHWG2184